Synopsys Inc. (SNPS): Key fundamentals of SNPS

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Synopsys Inc. (NASDAQ:SNPS) changes shares on Tuesday trading session, with a change of -0.47% or -$0.95 shares. The trading starts at $202.00 and closed at $202.80 throughout the day. The trading session low price was $199.45 and day high was $202.80 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.56 million while its average volume is 909.89K. In other hand, the SNPS market cap reached to $30.46B. While, its current target price is $205.92.

On August 22, 2018, Synopsys’ beat, strong forecast put shares on pace for record high. According to the news reported on Reuters, Synopsys Inc reported better-than-expected quarterly results and forecast fourth-quarter above Wall Street estimates on Wednesday, as the maker of chip design software benefits from rising demand from semiconductor clients.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.57% and up 1.23% for month. Its quarterly performance was 30.87% above, while its half year performance is up 29.55%. SNPS yearly performance stood at positive 61.78% and rise 45.01% for year-to-date. Current recommendation for Synopsys Inc. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SNPS EPS (TTM) for 12-month is 3.07. EPS for this year is -3.10%, while for the next year its value is 6.03. Sales growth for the current quarter is 4.33 while its EPS Q/Q reached -7.30%. It has an EPS of 16.00% up for past five years and for the next five years will be up 15.20%.

Let’s take a look on the analyst recommendations on SNPS for the current month and previous month. For the current month, 12 of 15 analysts recommend stock as Buy while 1 as Sell, 2 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $175.00 – $242.00. Average target price for SNPS was reached at $204.07.

Vanguard Group, Inc. (The), Price (T.Rowe) Associates Inc and Blackrock Inc. are the top three holders in Synopsys Inc. (SNPS) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 17.96 million shares which valued 2.31 billion. On Mar 30, 2020, Price (T.Rowe) Associates Inc owned 12.76 million shares which valued at 1.64 billion. On Mar 30, 2020, Blackrock Inc. has a total of 12.16 million shares which valued at 1.57 billion. In the end, Blackrock Inc. have 8.07% shares outstanding of Synopsys Inc. (SNPS) on Mar 30, 2020. The insider ownership moved to 0.30% and institutional holding shifted to 91.50%.

The company posted an EPS (TTM) of 3.07. According to the most recent quarter report on (Jul 2020), 13 analysts estimated an average EPS of 1.34, while 1.18 EPS posted a year ago period. Analyst Estimated EPS for SNPS published in the report was $1.31 – $1.38 during the same period. Comparing with last year, the average estimated EPS was 1.18 which is lower than 1.22 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SNPS rise 30.64% for period of 200 days. SMA for 50 days was 5.87% which is showing green signal, while SMA-20 was 1.94%. The moving average value for Synopsys Inc. (SNPS) is 2.01M and 1.22% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SNPS stock. On Jun 23, JOHNSON MERCEDES, Director, sold 15,838 trading shares at the cost of $193.35, which valued at 3.06 million. On Jun 16, RUNKEL JOHN F JR, GC & Corporate Secretary, sold 5,000 shares at the cost of $187.00, with total shares of 17,956. On Jun 15, Pham Trac, CFO, sold 8,887 shares at the cost of 183.79. After this transaction, Pham Trac total shares reached to 10,051 which valued at 1.63 million.