Shares of Synopsys, Inc. (NASDAQ:SNPS) have earned an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $98.71.

A number of analysts have weighed in on the company. Royal Bank of Canada upgraded Synopsys from an “outperform” rating to a “top pick” rating and upped their price target for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. Zacks Investment Research cut Synopsys from a “hold” rating to a “strong sell” rating in a research report on Monday, December 4th. Needham & Company LLC upped their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. DA Davidson reiterated a “buy” rating and issued a $105.00 price target (up from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. Finally, BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

In other news, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chrysostomos L. Nikias sold 21,074 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $1,892,023.72. The disclosure for this sale can be found here. Insiders have sold 60,897 shares of company stock worth $5,370,098 in the last 90 days. Company insiders own 1.82% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SNPS. Private Advisor Group LLC acquired a new position in shares of Synopsys during the second quarter valued at $261,000. CIBC World Markets Inc. acquired a new position in shares of Synopsys during the second quarter valued at $615,000. Franklin Resources Inc. acquired a new position in shares of Synopsys during the second quarter valued at $13,023,000. Wells Fargo & Company MN lifted its stake in shares of Synopsys by 108.6% during the second quarter. Wells Fargo & Company MN now owns 582,893 shares of the semiconductor company’s stock valued at $42,510,000 after acquiring an additional 303,507 shares during the period. Finally, Aberdeen Asset Management PLC UK lifted its stake in shares of Synopsys by 8.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 42,353 shares of the semiconductor company’s stock valued at $3,089,000 after acquiring an additional 3,153 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Synopsys (NASDAQ:SNPS) traded up $0.66 on Monday, hitting $90.37. The stock had a trading volume of 616,100 shares, compared to its average volume of 845,956. The company has a market capitalization of $13,439.26, a PE ratio of 106.32, a PEG ratio of 4.03 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. Synopsys has a 1-year low of $60.41 and a 1-year high of $94.80.

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

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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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