Key Equity Analysts at Needham Reconfirmed their ‘Buy’ rating for Synopsys (NASDAQ:SNPS) Shares Today. Their Price Target is $115

Synopsys, Inc. (NASDAQ:SNPS) Logo

Investors sentiment increased to 1.04 in 2018 Q2. 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.

Ardevora Asset Mngmt Limited Liability Partnership invested in 0.93% or 386,871 shares. 34,282 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Cibc World invested in 0.09% or 124,955 shares. Pettee Invsts holds 0.65% in Synopsys, Inc. (NASDAQ:SNPS) or 12,113 shares. Cibc Asset Inc owns 23,635 shares or 0.01% of their US portfolio. Cipher Cap L P has 21,667 shares. Boothbay Fund Mngmt Lc holds 0.24% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 32,571 shares. Evergreen Cap Ltd reported 0.02% in Synopsys, Inc. (NASDAQ:SNPS). Farmers And Merchants invested in 0% or 55 shares. The Ohio-based Gateway Advisers Lc has invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS). Ohio-based Oak Associates Oh has invested 1.12% in Synopsys, Inc. (NASDAQ:SNPS). Grp Inc has 0.02% invested in Synopsys, Inc. (NASDAQ:SNPS) for 59,975 shares. Hl Financial Svcs Ltd Liability Company holds 0.01% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 7,803 shares. New Jersey Better Educational Savings Trust holds 4,000 shares or 0.37% of its portfolio. Raymond James & invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS).

Since June 7, 2018, it had 0 insider purchases, and 3 sales for $3.42 million activity. On Thursday, August 30 the insider RUNKEL JOHN F JR sold $1.02 million. CHAN CHI-FOON sold $367,565 worth of stock.

Synopsys (NASDAQ:SNPS) Rating Reaffirmed

Synopsys (NASDAQ:SNPS) just had their share rating of a ‘Buy’ issued by research analysts at Needham, who now has a $115 target on the $13.42 billion market cap company or a 27.37 % upside potential. This key information was disclosed in a research note on Thursday, 6 December.

Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage

Among 3 analysts covering Synopsys (NASDAQ:SNPS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Synopsys has $119 highest and $98 lowest target. $110.67’s average target is 22.57% above currents $90.29 stock price. Synopsys had 3 analyst reports since August 23, 2018 according to SRatingsIntel. As per Tuesday, October 23, the company rating was upgraded by JP Morgan. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, August 23 report.

The stock increased 0.94% or $0.84 during the last trading session, reaching $90.29. About 427,248 shares traded. Synopsys, Inc. (NASDAQ: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 $13.42 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 243.37 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: “Synopsys Wins 2018 World Electronic Achievement Awards for Two Major Game-Changing Innovations – PR Newswire” on November 08, 2018, also Seekingalpha.com with their article: “Synopsys, Inc. (SNPS) CEO Aart de Geus on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on December 06, 2018, Nasdaq.com published: “Why Advanced Micro Devices, Synopsys, and FireEye Jumped Today – Nasdaq” on August 23, 2018. More interesting news about Synopsys, Inc. (NASDAQ:SNPS) were released by: Seekingalpha.com and their article: “Synopsys: The Time Has Come – Seeking Alpha” published on September 25, 2018 as well as Nasdaq.com‘s news article titled: “Synopsys (SNPS) Q3 Earnings & Revenues Surpass Estimates – Nasdaq” with publication date: August 23, 2018.

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

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