Benchmark Raises their Rating for Shares of Synopsys (SNPS). Are Other Analysts Next?

Synopsys, Inc. (NASDAQ:SNPS) Logo

Investors sentiment increased to 1.04 in Q2 2018. Its up 0.29, from 0.75 in 2018Q1. It increased, as 25 investors sold Synopsys, Inc. shares while 157 reduced holdings. 46 funds opened positions while 144 raised stakes. 128.62 million shares or 0.27% less from 128.97 million shares in 2018Q1 were reported.

Moreover, Advsrs Asset Management Inc has 0.01% invested in Synopsys, Inc. (NASDAQ:SNPS) for 192,674 shares. Sector Pension Investment Board accumulated 8,061 shares or 0% of the stock. Manufacturers Life The holds 0.02% or 170,486 shares in its portfolio. Goldman Sachs has invested 0.03% in Synopsys, Inc. (NASDAQ:SNPS). Moreover, Ardevora Asset Mngmt Llp has 0.93% invested in Synopsys, Inc. (NASDAQ:SNPS) for 386,871 shares. Amer Gp Inc owns 59,975 shares or 0.02% of their US portfolio. The Kansas-based Kornitzer Mgmt Inc Ks has invested 0.37% in Synopsys, Inc. (NASDAQ:SNPS). Susquehanna Gp Ltd Liability Partnership accumulated 3,447 shares or 0% of the stock. Morgan Stanley invested in 0% or 207,764 shares. Advisory Serv Ltd Liability Corp owns 351 shares or 0% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.02% or 2,216 shares in its portfolio. Capital Inv Counsel has 3,385 shares for 0.12% of their portfolio. Thompson Siegel & Walmsley Ltd Com reported 0.02% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Canandaigua Bancorporation And Trust has invested 0.08% in Synopsys, Inc. (NASDAQ:SNPS). Profund Advisors Ltd Limited Liability Company accumulated 13,339 shares or 0.05% of the stock.

Since June 7, 2018, it had 0 buys, and 3 sales for $3.42 million activity. RUNKEL JOHN F JR also sold $882,180 worth of Synopsys, Inc. (NASDAQ:SNPS) on Thursday, June 7. 3,609 shares valued at $367,565 were sold by CHAN CHI-FOON on Friday, August 24.

Synopsys (SNPS) Stock Upgrade

In an analyst note revealed to clients on Thursday, 6 December, Benchmark increased Synopsys (SNPS) shares to respectable “Buy” rating from a “Hold”. They now have a $110.0 target price on shares. and their target price would indicate a possible upside of 22.97 % over the last close price.

The stock increased 0.12% or $0.11 during the last trading session, reaching $89.56. About 626,548 shares traded. Synopsys, Inc. (SNPS) has risen 28.30% since December 6, 2017 and is uptrending. It has outperformed by 12.68% the S&P500.

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $13.31 billion. It offers Galaxy Design platform that provides IC design solutions; Verification Continuum Platform, which offers virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA) prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It has a 241.4 P/E ratio. The firm also provides DesignWare intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals.

More notable recent Synopsys, Inc. (NASDAQ:SNPS) news were published by: Prnewswire.com which released: “Infinera Process Design Kit Available for Synopsys OptSim Circuit PIC Design Solution – PR Newswire” on November 07, 2018, also Prnewswire.com with their article: “Synopsys Wins 2018 World Electronic Achievement Awards for Two Major Game-Changing Innovations – PR Newswire” published on November 08, 2018, Seekingalpha.com published: “Synopsys: The Time Has Come – Seeking Alpha” on September 25, 2018. More interesting news about Synopsys, Inc. (NASDAQ:SNPS) were released by: Nasdaq.com and their article: “Why Advanced Micro Devices, Synopsys, and FireEye Jumped Today – Nasdaq” published on August 23, 2018 as well as Nasdaq.com‘s news article titled: “Why Is Synopsys (SNPS) Down 2.1% Since its Last Earnings Report? – Nasdaq” with publication date: March 23, 2018.

Synopsys, Inc. (NASDAQ:SNPS) Institutional Positions Chart

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