In today’s session Synopsys, Inc. (SNPS) recorded an unusually high (2,132) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious SNPS decrease. With 2,132 contracts traded and 20204 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: SNPS170317P00055000 closed last at: $1.6 or 3% down. About 147,495 shares traded hands. Synopsys, Inc. (NASDAQ:SNPS) has risen 22.35% since April 8, 2016 and is uptrending. It has outperformed by 16.70% the S&P500.
Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage
Out of 7 analysts covering Synopsys Inc. (NASDAQ:SNPS), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $75 is the highest target while $50 is the lowest. The $62.13 average target is 5.14% above today’s ($59.09) stock price. Synopsys Inc. has been the topic of 15 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by given on Monday, October 10. As per Friday, August 28, the company rating was initiated by Bank of America. On Wednesday, October 19 the stock rating was initiated by Credit Suisse with “Outperform”. Needham maintained the stock with “Buy” rating in Thursday, August 18 report. The stock has “Hold” rating given by Benchmark on Thursday, August 18. The company was initiated on Wednesday, September 9 by Benchmark. DA Davidson maintained the stock with “Buy” rating in Thursday, August 18 report. RBC Capital Markets initiated Synopsys, Inc. (NASDAQ:SNPS) on Monday, June 6 with “Outperform” rating. The firm has “Buy” rating by Pacific Crest given on Tuesday, August 25.
According to Zacks Investment Research, “Synopsys, Inc. is one of the leading suppliers of electronic design automation software to the global electronics industry. The company’s products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process. Integrated circuits are distinguished by the speed at which they run, their area, the amount of power they consume and the cost of production.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.10, from 1.2 in 2016Q1. The ratio worsened, as 29 funds sold all Synopsys, Inc. shares owned while 117 reduced positions. 36 funds bought stakes while 124 increased positions. They now own 135.51 million shares or 1.51% less from 137.58 million shares in 2016Q1.
The Oklahoma-based Bokf Na has invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS). Rhumbline Advisers last reported 248,348 shares in the company. Moreover, Shelton Cap Mngmt has 0.07% invested in Synopsys, Inc. (NASDAQ:SNPS) for 14,928 shares. Aperio Lc holds 0.06% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 135,891 shares. Earnest Partners Limited Liability Corp reported 747,153 shares or 0.44% of all its holdings. Northern Trust accumulated 0.03% or 1.72M shares. Zebra Capital Mgmt Limited has invested 0.46% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Cornerstone, a Washington-based fund reported 80 shares. Tcw Grp Incorporated last reported 0.01% of its portfolio in the stock. Creative Planning has 0% invested in the company for 1,608 shares. Engineers Gate Manager Lp owns 20,955 shares or 0.08% of their US portfolio. Moreover, Tiaa Cref Invest Management Ltd Liability Co has 0.02% invested in Synopsys, Inc. (NASDAQ:SNPS) for 539,515 shares. Fjarde Ap holds 0.06% or 45,391 shares in its portfolio. Bb&T Securities Limited Co accumulated 5,432 shares or 0% of the stock. Visium Asset L P has 0.37% invested in the company for 99,073 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 12 sales for $28.01 million net activity. CHAN CHI-FOON sold $99,305 worth of Synopsys, Inc. (NASDAQ:SNPS) on Friday, May 20. $1.53 million worth of shares were sold by BEATTIE BRIAN M on Monday, June 13. 2,000 shares were sold by COLEMAN DEBORAH A, worth $103,275 on Friday, May 27. The insider Kankanwadi Sudhindra sold 3,409 shares worth $199,599. The insider RUNKEL JOHN F JR sold $785,159. 306,000 Synopsys, Inc. (NASDAQ:SNPS) shares with value of $17.87M were sold by DE GEUS AART. CASTINO ALFRED also sold $266,186 worth of Synopsys, Inc. (NASDAQ:SNPS) shares.
Synopsys, Inc. provides software, intellectual property and services. The company has a market cap of $8.91 billion. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It has a 37.65 P/E ratio. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves.
SNPS Company Profile
Synopsys, Inc., incorporated on May 7, 1987, provides software, intellectual property (IP) and services. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs), also known as chips. The Firm also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves. The Firm provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. The Firm provides technical services to support its solutions and help its clients develop chips and electronic systems. The Firm is also a well-known provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy and industrials. The Firm offers services and products in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.
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