Synopsys, Inc. (SNPS) Given New $76.00 Price Target at Needham & Company LLC

TripAdvisor Competitive Headwinds Aren't Dissipating

Synopsys, Inc. (SNPS) Given New $76.00 Price Target at Needham & Company LLC

(NASDAQ:SNPS), 3 rate it "Buy", 4 "Outperform", 2 "Underperform", 0 "Sell", while 0 "Hold". (SNPS) generated $0.77 in earnings per share, beating the consensus estimate of $0.77. Synopsys has set its Q1 guidance at 0.77-0.80 EPS.

The stock decreased 0.21% or $0.14 during the last trading session, hitting $66.19. (NASDAQ:SNPS) is under coverage by number of analysts. Synopsys, Inc. now has a P/E Ratio of 41.315.

Synopsys, Inc. (NASDAQ:SNPS) will post its Q117 quarterly earnings results on Wednesday, February 15th. For the first quarter of fiscal 2017, Synopsys reported revenue of $652.8 million, compared to $568.6 millionfor the first quarter of fiscal 2016, an increase of approximately 15 percent. The increase in revenues in our Polyurethanes division for the three months ended December 31, 2016 compared to the same period in 2015 was primarily due to higher MDI average selling prices and higher MDI sales volumes. The company has a 50-day moving average of $62.21 and a 200-day moving average of $59.66. Synopsys had a net margin of 11.01% and a return on equity of 11.51%.

Institutional investors have recently added to or reduced their stakes in the stock. Equities analysts predict that Synopsys will post $3.20 earnings per share for the current year. Metropolitan Life Insurance Co. NY now owns 143,256 shares of the company's stock valued at $7,747,000 after buying an additional 5,303 shares in the last quarter.

Covering research analysts have taken a stance on where they see Synopsys, Inc.

Synopsys, Inc. has a 12 month low of $43.17 and a 12 month high of $66.47. Sumitomo Mitsui Trust Holdings Inc. now owns 527,362 shares of the company's stock valued at $28,520,000 after buying an additional 14,891 shares during the last quarter. Martingale Asset Management L P boosted its position in Synopsys by 27.4% in the second quarter. "(SNPS) Price Target to $76.00" was reported by BBNS and is owned by of BBNS. The original version of this piece of content can be read at https://baseballnewssource.com/markets/needham-company-llc-increases-synopsys-inc-snps-price-target-to-76-00/438942.html. Finally, Cipher Capital LP boosted its position in Synopsys by 63.1% in the second quarter. Martingale Asset Management L P now owns 599,420 shares of the company's stock valued at $32,418,000 after buying an additional 129,013 shares in the last quarter. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. Cipher Capital LP now owns 183,039 shares of the company's stock valued at $9,898,000 after buying an additional 70,795 shares in the last quarter. The companys 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. It is also a provider of software tools that developers use to develop software code in a range of industries including electronics financial services energy and industrials.

Trump nominee for Israel ambassador heckled, questioned at Senate
China Slams N.Korean Missile Test