Momentum Is Strong For Synopsys, Inc. (NASDAQ: SNPS)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Synopsys’ Global Channels & Alliances VP, Tom Herrmann Recognized as 2024 CRN® Channel Chief.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $570.69 and fluctuated between $573.58 as its day high and $562.00 as its day low. The current market capitalization of Synopsys, Inc. is $87.04B. A total of 1.51 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SNPS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 30 SELLs from insiders. Insiders purchased 194,361 shares during that period but sold 185,306.

In the most recent transaction, MAHONEY RICHARD S. sold 9,065 shares of SNPS for 494.70 per share on Jan 03. After the transaction, the Chief Revenue Officer now owns 1,617 company shares. In a previous transaction on Jan 03, JOHNSON MERCEDES sold 3,500 shares at 494.70 per share. SNPS shares that Director owns now total 1,697.

Among the insiders who sold shares, JOHNSON MERCEDES disposed of 4,000 shares on Jan 02 at a per-share price of $506.15. This resulted in the Director holding 1,697 shares of SNPS after the transaction. In another insider transaction, RUNKEL JOHN F JR sold 2,508 shares at $506.18 per share on Jan 02. Company shares held by the GC & Corporate Secretary now total 26,780.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SNPS in the last 3 months, the mean price target is $628.00 with high estimates of $675.00 and low estimates of $570.00. In terms of 52-week highs and lows, SNPS has a high of $573.77 and a low of $347.97.

As of this writing, SNPS has an earnings estimate of $3.43 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $3.44 per share and a lower estimate of $3.42. The company reported an EPS of $2.74 in the last quarter, which was 5.40% higher than expectations of $2.6.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SNPS’s latest balance sheet shows that the firm has $1.58B in Cash & Short Term Investments as of fiscal 2021. There were $666.77M in debt and $2.41B in liabilities at the time. Its Book Value Per Share was $40.43, while its Total Shareholder’s Equity was $5.30B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNPS is Buy with a score of 4.77.

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