Somewhat Positive Media Coverage Somewhat Unlikely to Affect Synopsys (SNPS) Stock Price

News stories about Synopsys (NASDAQ:SNPS) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synopsys earned a news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.0546837668916 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several research analysts recently issued reports on the company. J P Morgan Chase & Co cut Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price objective on the stock. in a research note on Tuesday, December 12th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, August 21st. KeyCorp restated an “overweight” rating and set a $106.00 target price (up previously from $86.00) on shares of Synopsys in a report on Thursday, November 30th. TheStreet lowered Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Finally, Needham & Company LLC upped their target price on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Synopsys has a consensus rating of “Hold” and an average price target of $96.89.

Synopsys (NASDAQ:SNPS) traded up $0.45 during trading on Tuesday, reaching $88.37. The company’s stock had a trading volume of 1,306,200 shares, compared to its average volume of 1,090,791. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $13,190.00, a price-to-earnings ratio of 72.02, a P/E/G ratio of 4.29 and a beta of 1.01. Synopsys has a one year low of $58.74 and a one year high of $94.80.

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

In other news, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $90.33, for a total transaction of $451,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chrysostomos L. Nikias sold 21,074 shares of the stock in a transaction on Friday, December 1st. The shares were 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. In the last 90 days, insiders have sold 29,824 shares of company stock valued at $2,680,349. 1.82% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Synopsys (NASDAQ:SNPS)

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