Synopsys Inc. (NASDAQ:SNPS) went up by 0.38% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Software – Infrastructure giant went up by $190.42 to trade ended Friday trading at $189.69. This is up from the $189.69 price recorded on Thursday’s trading session. Thanks to this latest performance, SNPS is closer to the higher price 52-week target of $220.00 and further from the lowest price target of $175.00. Its performance from the start of the year has also been positive, with SNPS up by 36.80% year-to-date.
Synopsys Inc. (SNPS) started the day trading at $190.31 and recorded an intraday high of $192.08. It also recorded an intraday low of $187.33 during Friday’s trading session. Synopsys Inc. is a very active stock that recorded a trading volume that is more than 27.11% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1495346, which is more than 27.11 of the total average daily trading volume of 1.09 million.
Synopsys Inc. (NASDAQ:SNPS) 2020 Performance Impressive
The increase in SNPS’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SNPS currently stands at $197.66, which is higher than the current trading price of the stock by 3.66%. However, SNPS’s current trading price is -81.53% lower than the 52-week low price of $104.90. In terms of trading volume, Synopsys Inc. currently experienced healthy participation during the last trading session. 1495346 shares of Synopsys Inc. were traded on the stock exchange on Friday, which is more than 27.11% of the 1.09 million average trading volume of the stock.
The performance of the stock has been positive over the past year. SNPS’s performance over the past one year has seen it surge by 51.58%, while the stock has gone up by 35.95% in the last six months. The quarterly performance of SNPS currently stands at 53.10%, and it is up by 9.41% in the last month. The only positive figure was from the weekly performance, which currently reads 3.24%. At the time of writing SNPS’s report, the company has a total market cap of $28.60B, making it one of the largest publicly-traded companies in the world.Synopsys Inc. also has over 13896 employees all over the world.
SNPS Insider Activities
For Synopsys Inc., insiders hold 91.70% of all company shares. The insider transactions over the past six months are up by 1.20%. During that period, insiders bought 576,827 shares in 36 transactions. In that same period, insiders sold 650,036 of their shares in 34 transactions. After these transactions, insiders at Synopsys Inc. now hold 1.1M shares, which is over 91.04% of the total company stocks. Institutional investors currently hold a large chunk of the SNPS shares, as they control 0.73% of the company’s total stock.
SNPS Fundamental Analysis
For Synopsys Inc., the stock’s diluted earnings per share (EPS) stands at 3.07. In the coming year, analysts expect the EPS to be 6.02. The stock’s EPS growth this year is -3.10%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Synopsys Inc.’s quarterly sales (YOY) is growing at 1.35, which is lower than the average annual revenue of 16.00% over the past half a decade.
The Return on Investment (ROI) on Synopsys Inc.’s stock currently stands at 12.00%, and it has a net profit margin of 14.00%. The operating margin of the company is 13.80%, and its gross margin is 78.00%.
SNPS Analysts Prediction
The Needham also has a Buy rating for Synopsys Inc., predicting the stock price to stay between $150 and $175. JP Morgan reiterate their Overweight position on the stock ($157 and $160) and JP Morgan reiterate their Neutral position on the stock ($138 and $157).
Analysts at Needham believe that SNPS is Buy, and they have a price target of between $125 and $145. Needham and Needham also believe that Synopsys Inc.’s stock is outperforming at the moment.
At the moment, Synopsys Inc.’s Total Debt to Equity ratio stands at 0.06, and they have a long-term Debt to Equity ratio of 0.03.
SNPS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SNPS currently stands at 2.39%, while the SMA50 is 12.50%. The biggest one is the SMA200, which is currently reading 29.83% ahead of Friday’s trading session. The Relative Strength Index of this stock is 61.71, while its price to earnings ratio (P/E) is 62.07.
