Synopsys, Inc. (NASDAQ:SNPS) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,261,171 shares, an increase of 40.2% from the November 30th total of 2,325,766 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,818,822 shares, the days-to-cover ratio is currently 1.8 days.

In related news, EVP Joseph W. Logan sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $90.33, for a total transaction of $451,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $88.00, for a total transaction of $880,000.00. Following the sale, the general counsel now owns 18,742 shares in the company, valued at approximately $1,649,296. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,824 shares of company stock worth $3,560,349. 1.82% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. AXA boosted its position in Synopsys by 22.8% during the second quarter. AXA now owns 704,528 shares of the semiconductor company’s stock worth $51,382,000 after acquiring an additional 130,700 shares during the last quarter. Bridgewater Associates LP acquired a new position in Synopsys during the second quarter worth about $448,000. Swiss National Bank boosted its position in Synopsys by 0.9% during the third quarter. Swiss National Bank now owns 778,236 shares of the semiconductor company’s stock worth $62,671,000 after acquiring an additional 7,200 shares during the last quarter. AJO LP boosted its position in Synopsys by 132.1% during the second quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock worth $105,685,000 after acquiring an additional 824,879 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Synopsys by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock worth $311,973,000 after acquiring an additional 125,190 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

Several analysts recently commented on SNPS shares. restated an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. Zacks Investment Research lowered shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Royal Bank of Canada upgraded shares of Synopsys from an “outperform” rating to a “top pick” rating and raised their price target for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. DA Davidson reiterated a “buy” rating and issued a $105.00 target price (up previously from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. Finally, Needham & Company LLC lifted their target price on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $96.89.

Shares of Synopsys (NASDAQ SNPS) opened at $85.24 on Friday. Synopsys has a 52-week low of $58.74 and a 52-week high of $94.80. The stock has a market cap of $12,737.33, a PE ratio of 100.28, a PEG ratio of 4.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.12. The business had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. sell-side analysts forecast that Synopsys will post 2.24 EPS for the current year.

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Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

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