NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $29.38, above its previous 52-week high of $29.35 with 83,669 shares traded as of 10:25 a.m. ET. Average volume has been 923,200 shares over the past 30 days.
Synopsys has a market cap of $4.21 billion and is part of the
industry. Shares are up 7.4% year to date as of the close of trading on Monday.
Synopsys, Inc. provides core electronic design automation (EDA) solutions primarily in the United States, Europe, Japan, and the rest of Asia Pacific. The company has a P/E ratio of 19.9, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Synopsys as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
52-week high stocks
or get investment ideas from our