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MSFT   247.17 (-0.09%)
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GOOGL   93.82 (+0.12%)
AMZN   89.64 (-0.79%)
TSLA   181.07 (+4.40%)
NVDA   174.29 (+1.51%)
NIO   12.98 (-3.21%)
BABA   92.92 (-1.33%)
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QQQ   284.89 (+0.37%)
AAPL   144.37 (+1.21%)
MSFT   247.17 (-0.09%)
META   116.75 (+1.23%)
GOOGL   93.82 (+0.12%)
AMZN   89.64 (-0.79%)
TSLA   181.07 (+4.40%)
NVDA   174.29 (+1.51%)
NIO   12.98 (-3.21%)
BABA   92.92 (-1.33%)
AMD   70.12 (-0.50%)
T   19.27 (+0.78%)
MU   55.48 (+0.51%)
CGC   3.02 (-2.27%)
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GE   82.64 (-1.18%)
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NFLX   326.28 (+5.16%)
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QQQ   284.89 (+0.37%)
AAPL   144.37 (+1.21%)
MSFT   247.17 (-0.09%)
META   116.75 (+1.23%)
GOOGL   93.82 (+0.12%)
AMZN   89.64 (-0.79%)
TSLA   181.07 (+4.40%)
NVDA   174.29 (+1.51%)
NIO   12.98 (-3.21%)
BABA   92.92 (-1.33%)
AMD   70.12 (-0.50%)
T   19.27 (+0.78%)
MU   55.48 (+0.51%)
CGC   3.02 (-2.27%)
F   13.32 (+1.52%)
GE   82.64 (-1.18%)
DIS   94.28 (+1.87%)
AMC   6.06 (-0.16%)
PYPL   74.54 (+0.43%)
PFE   51.77 (-0.02%)
NFLX   326.28 (+5.16%)

Synopsys, Inc. (NASDAQ:SNPS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Synopsys, Inc. (NASDAQ:SNPS - Get Rating) have been given an average rating of "Moderate Buy" by the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $404.54.

SNPS has been the subject of a number of research analyst reports. Rosenblatt Securities upped their price target on shares of Synopsys from $390.00 to $405.00 and gave the company a "buy" rating in a report on Thursday, August 18th. Edward Jones started coverage on Synopsys in a research report on Wednesday, November 16th. They issued a "hold" rating for the company. Needham & Company LLC increased their price objective on Synopsys from $380.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, August 18th. Stifel Nicolaus began coverage on Synopsys in a research report on Wednesday, September 7th. They issued a "buy" rating and a $445.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Synopsys in a research report on Wednesday, September 28th. They issued a "buy" rating and a $420.00 target price for the company.

Synopsys Price Performance

SNPS opened at $334.29 on Friday. The stock has a market capitalization of $51.12 billion, a PE ratio of 50.73, a P/E/G ratio of 2.83 and a beta of 1.18. The firm's fifty day moving average price is $304.43 and its 200 day moving average price is $318.50. Synopsys has a 12-month low of $255.02 and a 12-month high of $391.17.


Synopsys declared that its board has authorized a share buyback plan on Thursday, September 1st that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its position in Synopsys by 119.4% in the 3rd quarter. Mackenzie Financial Corp now owns 940,368 shares of the semiconductor company's stock valued at $287,292,000 after buying an additional 511,708 shares during the last quarter. BlackRock Inc. increased its position in shares of Synopsys by 3.2% in the first quarter. BlackRock Inc. now owns 13,533,731 shares of the semiconductor company's stock valued at $4,510,386,000 after acquiring an additional 417,496 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Synopsys by 48.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,086,864 shares of the semiconductor company's stock worth $330,081,000 after buying an additional 353,668 shares during the last quarter. Van ECK Associates Corp increased its position in Synopsys by 43.9% during the first quarter. Van ECK Associates Corp now owns 983,954 shares of the semiconductor company's stock worth $327,922,000 after buying an additional 300,365 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Synopsys by 1.7% during the first quarter. Vanguard Group Inc. now owns 17,352,566 shares of the semiconductor company's stock worth $5,783,090,000 after buying an additional 281,929 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Synopsys Company Profile

(Get Rating)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

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Analyst Recommendations for Synopsys (NASDAQ:SNPS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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