An Synopsys Inc. (SNPS) GC & Corporate Secretary Sells 4238.0 Shares

Synopsys Inc. (NASDAQ:SNPS) finished Friday with an addition of $0.11 to close at $321.12, an upside of 0.03 percent. An average of 528,380 shares of common stock have been traded in the last five days. There was a gain of $14.86 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 628,110 shares traded, while the 50-day average volume stands at 725,506.

SNPS stock has decreased by -0.55% in the last month. The company shares reached their 1-month lowest point of $287.02 on 10/04/21. With the stock rallying to its 52-week high on 09/03/21, shares of the company touched a low of $211.20 and a high of $340.66 in 52 weeks. It has reached a new high 19 times so far this year and achieved 23.87% or $61.88 in price. In spite of this, the price is down -5.74% from the 52-week high.


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Insider Transactions

38 days have passed since Synopsys Inc. (SNPS) last reported insider trading activity. RUNKEL JOHN F JR, who is GC & Corporate Secretary, most recently acquired $4,238 shares at $333.00 per share on Sep 15. In this transaction, the insider spent $1,411,254. Director, VALLEE ROY, disposed of 10,000 shares at a price of $334.00 on Aug 30. The insider now owns more than $3,339,964 worth of shares. Prior to that, Senior VP, Finance & CAO Kankanwadi Sudhindra went on to Sale 3,000 shares at $322.87 each on Aug 24. An amount of $968,610 was transacted.

Valuation Metrics

Synopsys Inc. (SNPS) has a trailing price-to-earnings (P/E) ratio of 67.00, which compares with the 29.20 for the broader industry and 38.99 for the sector. In the last five years, Synopsys Inc.’s PE ratio has ranged between 343.00 and 24.18. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.95, the price-to-book (PB) ratio at 9.51, and the price-to-cash flow ratio at 39.86.

The quick ratio of Synopsys Inc. for the three months ended July 30 was 1.10, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.02 for the quarter ending July 30. Synopsys Inc.’s EBITDA margin for the year ending July 30 is 23.62%, while its operating margin for the same period stands at 18.20%. Its gross profit as reported stood at $2.89 billion compared to revenue of $3.69 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Synopsys Inc.’s return on assets was 9.20%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended July 30, Synopsys Inc. had $144.77 million in cash and short-term investments compared to $24.75 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $198.65 million in the quarter, while revenues were shrunk -27.31%. The analyst consensus anticipated Synopsys Inc.’s latest quarter earnings to come in at $1.78 per share, but it turned out to be $1.81, a 1.70% surprise. For the quarter, EBITDA amounted to $269.63 million. Shareholders own equity worth $152.5 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Synopsys Inc. (SNPS) price momentum. RSI 9-day as of the close on 22 October was 70.97%, suggesting the stock is Overbought, with historical volatility in this time frame at 8.25%.

As of today, SNPS’s price is $315.17 +4.85% or $14.86 from its 5-day moving average. SNPS is currently trading -0.25% lower than its 20-day SMA and +26.90% higher than its 100-day SMA. However, the stock’s current price level is +9.90% above the SMA50 and +24.06% above the SMA200.

The stochastic %K and %D were 92.74% and 95.45%, respectively, and the average true range (ATR) was 6.53. With the 14-day stochastic at 84.85% and the average true range at 6.63, the RSI (14) stands at 62.49%. The stock has reached 10.85 on the 9-day MACD Oscillator while the 14-day reading was at 16.21.

Analyst Ratings

Needham launched coverage on Synopsys Inc. (NASDAQ: SNPS) in its analyst report released on October 20, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Synopsys Inc. (SNPS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SNPS, while 0 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.

What is SNPS’s price target for the next 12 months?

Analysts predict a range of price targets between $300.00 and $360.00, with a median target of $346.00. Taking a look at these predictions, the average price target given by analysts for Synopsys Inc. (SNPS) stock is $341.14.

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