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Merrill Lynch analyst Adam Gonzalez maintained a Buy rating on Synopsys (SNPS) on March 9 and set a price target of $170.00. The company’s shares closed last Monday at $135.19.
According to TipRanks.com, Gonzalez is a 2-star analyst with an average return of -1.1% and a 53.8% success rate. Gonzalez covers the Consumer Goods sector, focusing on stocks such as Cadence Design, Cirrus Logic, and Ambarella.
Synopsys has an analyst consensus of Strong Buy, with a price target consensus of $178.33.
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Based on Synopsys’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $104 million. In comparison, last year the company had a net profit of $154 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNPS in relation to earlier this year. Earlier this month, John Runkel, the General Counsel & of SNPS sold 5,000 shares for a total of $710,200.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. The firm operates through the following segments: Semiconductor and System Design, and Software Integrity.
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