Impact of Brokerage Rating on Synopsys, Inc.(SNPS)

Many Synopsys, Inc.(SNPS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Dec 1, 2016 to Buy, Raises Price Target to $ 66 from a previous price target of $60 .

Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Chi-foon Chan (Co-CEO & President) sold 2,000 shares at 57.09 per share price.On Dec 6, 2016, Deborah A Coleman (director) sold 15,000 shares at 57.14 per share price.On Dec 6, 2016, John F Jr Runkel (General Counsel &) sold 10,000 shares at 56.62 per share price.

Synopsys Last issued its quarterly earnings results on Nov 30, 2016. The company reported $0.77 EPS for the quarter. Analyst had a consensus estimate of $0.77. The company had revenue of $633.70 million for the quarter, compared to analysts expectations of $628.39 million. The companys revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Synopsys, Inc. (NASDAQ:SNPS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.57 by 7 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Synopsys, Inc. (NASDAQ:SNPS) should head towards $66.57 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $58 per share. The higher price estimate target is at $75 according to the Analysts.

Synopsys, Inc. (NASDAQ:SNPS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.21% or 0.14 points. After the session commenced at $65.67, the stock reached the higher end at $65.98 while it hit a low of $65.31. With the volume soaring to 798,537 shares, the last trade was called at $65.84. The company has a 52-week high of $66.1899. The company has a market cap of $9,883 million and there are 150,101,200 shares in outstanding. The 52-week low of the share price is $41.92.

Synopsys, Inc. is one of the leading suppliers of electronic design automation software to the global electronics industry. The companys products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process. Integrated circuits are distinguished by the speed at which they run, their area, the amount of power they consume and the cost of production.

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