Synopsys (NASDAQ:SNPS) was downgraded by J P Morgan Chase & Co to a “sell” rating in a research report issued to clients and investors on Tuesday. They presently have a $87.00 price objective on the semiconductor company’s stock. J P Morgan Chase & Co’s target price points to a potential downside of 2.86% from the company’s previous close.

Other analysts also recently issued reports about the company. Royal Bank of Canada upgraded Synopsys from an “outperform” rating to a “top pick” rating and increased their price objective for the company from $90.00 to $100.00 in a report on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Zacks Investment Research downgraded Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. restated an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Finally, DA Davidson restated a “buy” rating and issued a $105.00 price objective (up from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $96.89.

Shares of Synopsys (NASDAQ SNPS) traded down $0.95 on Tuesday, hitting $89.56. The stock had a trading volume of 1,312,000 shares, compared to its average volume of 1,062,825. Synopsys has a one year low of $58.58 and a one year high of $94.80. The company has a market cap of $13,240.00, a PE ratio of 74.19, a price-to-earnings-growth ratio of 4.42 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The company had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. During the same period in the prior year, the company earned $0.77 EPS. Synopsys’s revenue was up 9.9% compared to the same quarter last year. research analysts anticipate that Synopsys will post 2.24 earnings per share for the current fiscal year.

In other Synopsys news, Director Chrysostomos L. Nikias sold 21,074 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $1,892,023.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The disclosure for this sale can be found here. Insiders sold 29,824 shares of company stock valued at $2,680,349 over the last 90 days. 1.82% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of SNPS. Bronfman E.L. Rothschild L.P. grew its holdings in Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 147 shares during the period. IFP Advisors Inc grew its holdings in Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 415 shares during the period. YorkBridge Wealth Partners LLC grew its stake in shares of Synopsys by 3.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares during the period. Advisor Group Inc. grew its stake in shares of Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares during the period. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Synopsys in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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About Synopsys

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.

Analyst Recommendations for Synopsys (NASDAQ:SNPS)

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