Synopsys Receives a Hold from Benchmark Co.

By Carrie Williams

Benchmark Co. analyst Gary Mobley reiterated a Hold rating on Synopsys (NASDAQ: SNPS) today and set a price target of $60. The company’s shares opened today at $58.18, close to its 52-week high of $61.36.

According to TipRanks.com, Mobley is a 1-star analyst with an average return of -4.4% and a 40.4% success rate. Mobley covers the Technology sector, focusing on stocks such as Adesto Technologies Corp, Vitesse Semicond, and Cadence Design.

Synopsys has an analyst consensus of Strong Buy, with a price target consensus of $66.60.

The company has a one year high of $61.36 and a one year low of $39.26. Currently, Synopsys has an average volume of 752.3K.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Alfred Castino, a Director at SNPS sold 10,000 shares for a total of $584,400.

Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It operates through the following geographical segments: United States, Europe, Japan, and Asia Pacific and Other. Its provides intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs, as well as software and hardware that are used to develop the electronic systems that incorporate chips and the software that runs on the circuits. It’s also offers technical services to support the customers in industries such as electronics, financial services, energy, and industrials for developing chips and electronic systems. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Mountain View, CA.