SNPS

Redburn Atlantic Initiates Coverage of Synopsys (SNPS) with Buy Recommendation

Fintel reports that on January 13, 2025, Redburn Atlantic initiated coverage of Synopsys (NasdaqGS:SNPS) with a Buy recommendation.

Analyst Price Forecast Suggests 34.26% Upside

As of December 23, 2024, the average one-year price target for Synopsys is $654.19/share. The forecasts range from a low of $501.08 to a high of $743.17. The average price target represents an increase of 34.26% from its latest reported closing price of $487.26 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Synopsys is 7,536MM, an increase of 22.99%. The projected annual non-GAAP EPS is 14.14.

What is the Fund Sentiment?

There are 2,325 funds or institutions reporting positions in Synopsys. This is an decrease of 29 owner(s) or 1.23% in the last quarter. Average portfolio weight of all funds dedicated to SNPS is 0.39%, an increase of 14.71%. Total shares owned by institutions increased in the last three months by 2.21% to 163,281K shares. SNPS / Synopsys, Inc. Put/Call Ratios The put/call ratio of SNPS is 0.96, indicating a bullish outlook.

What are Other Shareholders Doing?

SNPS / Synopsys, Inc. Shares Held by Institutions

Capital World Investors holds 7,165K shares representing 4.64% ownership of the company. In its prior filing, the firm reported owning 7,395K shares , representing a decrease of 3.21%. The firm decreased its portfolio allocation in SNPS by 21.61% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,869K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 4,840K shares , representing an increase of 0.58%. The firm decreased its portfolio allocation in SNPS by 19.60% over the last quarter.

Price T Rowe Associates holds 4,857K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 5,548K shares , representing a decrease of 14.22%. The firm decreased its portfolio allocation in SNPS by 28.32% over the last quarter.

Jpmorgan Chase holds 4,054K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 5,917K shares , representing a decrease of 45.96%. The firm decreased its portfolio allocation in SNPS by 45.97% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 4,013K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 3,915K shares , representing an increase of 2.43%. The firm decreased its portfolio allocation in SNPS by 19.73% over the last quarter.

Synopsys Background Information
(This description is provided by the company.)

Synopsys, is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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