Short Interest Update for Synopsys, Inc. (NASDAQ:SNPS)

In December, there was a discernible increase in the number of short positions taken on shares of Synopsys, Inc. (NASDAQ: SNPS). There were 1,680,000 shares borrowed one month before December 15th, representing a 20.2% increase to the current total of 2,020,000 shares borrowed as of December 15th. The short-interest ratio is calculated to be 2.0 days based on an average daily trading volume of 1,020,000 shares. This number was arrived at through the use of the formula. There is currently a short position on 1.3% of the company’s total shares.
The most recent quarterly results report for Synopsys (NASDAQ: SNPS) was presented on November 30th, exactly one month after the report was initially made public. In the semiconductor business, earnings per share for the quarter came in at $0.99, which was $0.99 less than the $1.11 that was the average estimate for earnings per share for the quarter among industry analysts. The actual sales for the company’s most recent fiscal quarter came in at $1.28 billion, which was higher than the consensus estimate of $1.28 billion in revenue for the period. The return on equity for Synopsys was 17.24%, and the net margin for the company was 19.38%. According to the projections by research analysts, Synopsys is expected to bring in 7.83 cents per share of revenue this year.
Recently, several prominent investors have been involved in transactions involving buying and selling company shares. These transactions have taken place in recent times. Tortoise Investment Management LLC successfully increased the amount of Synopsys stock owned by 64.7% over the second quarter. Tortoise Investment Management LLC is now the direct owner of 84 shares of stock in the semiconductor company. Each share has a value of $26,000, making the company’s stock $26,000. This is a direct result of the purchase of 33 additional shares during the company’s most recent fiscal quarter of company shares. These transactions have taken place in recent times. Tortoise Investment Management LLC successfully increased the amount of Synopsys stock owned by 64.7% over the second quarter. Tortoise Investment Management LLC is now the direct owner of 84 shares of stock in the semiconductor company. Each share has a value of $26,000, making the company’s stock $26,000. This is a direct result of purchasing 33 additional shares during the company’s most recent fiscal quarter. In addition, over the second quarter, a 178.1% increase in the proportion of Synopsys stock that Financial Management Professionals Inc. owns was accomplished.
The semiconductor company’s stock was increased by Financial Management Professionals Inc. by 57 shares during the most recent quarter, bringing the company’s total number of shares owned to 89. The current value of these shares is $27,000. During the second quarter, MV Capital Management Inc. increased the amount of Synopsys stock owned by a total of 128.2%. As a result, the semiconductor company’s stock has a current market value of $27,000 per share, and MV Capital Management Inc. now owns a total of 89 shares of the company’s stock after purchasing an additional fifty shares during the period in question. In addition, the value of Altshuler Shaham Ltd.’s holdings of Synopsys shares increased by $35,000 over the third quarter. Last but not least, Field & Main Bank increased its holdings of Synopsys shares by an amount equal to $40,000 in total value during the second quarter. Financial institutions currently own a total of 84.68% of the company’s shares.
The NASDAQ SNPS decreased by $2.69 throughout trading on Friday, and it ultimately settled at $319.29. Only 541 021 shares of the company’s stock were traded, a significant decrease compared to the 915 417 shares typically traded on an average trading day. The price-to-earnings ratio for the company is 2.60; the price-to-earnings-growth ratio for the company is 50.68; and the beta value for the company is 1.20. The company is currently valued at $48.67 billion on the market. During the previous year, Synopsys’ share price ranged from a low of $255.02 to a high of $391.17 at various points. The moving average of the company’s stock price over the past 50 days is $318.33, and the moving average over the past 200 days is $323.88.
Over the past few months, SNPs have been the focus of commentary from various research organizations. On October 12th, StockNews.com released the first research note it had written about Synopsys, the company it would be covered by going forward. They suggested to the investors that the best action would be to “buy” the shares. Deutsche Bank Aktiengesellschaft began covering Synopsys on Wednesday, September 28th, in a research note. They recommended a “buy” investment in the company, setting a price target of $420.00 for the stock. Edward Jones published a research note on November 16th, announcing that the company would begin covering Synopsys. The note was issued on the same day. They advised their clients to “hold” the stock moving forward. The beginning of Stifel Nicolaus’s coverage of Synopsys was marked by the publication of a research report on the company’s website on September 7th. They recommended investing in the stock, giving it a “buy” rating, and forecasting its price would rise to $445.00 over the next month. Wells Fargo & Company downgraded Synopsys from “overweight” to “neutral” in a research note published on Tuesday, November 22nd.
Additionally, the firm lowered its price objective on the stock from $425 to $400, which was also included in the note. The last and most significant modification was made here. Compared to the two research analysts who have a “hold” rating on the stock, ten research analysts have a “buy” rating on the stock. According to the data retrieved from Bloomberg.com, Synopsys’s average price objective is $420.55, and the website recommends that investors “Moderately Buy” the stock.
The company Synopsys, Inc. is responsible for the development of the electronic design automation software that is employed in the process of designing and testing integrated circuits. The Fusion Design Platform gives users a wide range of options for putting their digital ideas into practice. Verification A wide range of services, such as virtual prototypes, static and formal verification, simulation, emulation, FPGA-based prototyping and debugging solutions, and FPGA design kits with pre-programmed functionality, are all offered by Continuum Platform.