What the Options Market Tells Us About Synopsys - Synopsys (NASDAQ:SNPS)

Core Viewpoint - Significant investors have adopted a bearish stance on Synopsys (NASDAQ:SNPS), indicating potential upcoming changes in the company's outlook [1][2]. Options Trading Activity - Recent options trading revealed a split sentiment among large investors, with 25% bullish and 55% bearish positions [3]. - A total of 20 options trades were identified, including 1 put option worth $49,500 and 19 call options totaling $909,895 [3]. - The significant investors are targeting a price range of $400.0 to $510.0 for Synopsys over the past three months [4]. Volume and Open Interest - The average open interest for Synopsys options is 208.64, with a total trading volume of 299.00 [5]. - The trading activity over the last 30 days shows a focus on high-value trades within the strike price corridor of $400.0 to $510.0 [5]. Analyst Insights - Analysts have set an average target price of $525.0 for Synopsys, with varying ratings from different firms [12]. - Wells Fargo maintains an Equal-Weight rating with a price target of $445, while Citigroup downgraded to Buy with a target of $580 [13]. - Keybanc holds an Overweight rating with a target of $575, and B of A Securities upgraded to Neutral with a target of $500 [13]. Company Overview - Synopsys specializes in electronic design automation (EDA) software and intellectual property products, enhancing chip design processes [10]. - The company benefits from a trend where semiconductor firms are increasingly engaging in in-house chip design, expanding its customer base [10].