Synopsys, Inc. (SNPS) Reaches $109.17 High on Mar, 17; Btg Pactual Global Asset Management LTD Has Cut Mercadolibre (MELI) Stake By $3.10 Million

Synopsys, Inc. (NASDAQ:SNPS) Logo

The stock of Synopsys, Inc. (NASDAQ:SNPS) reached all time high today, Mar, 17 and still has $112.45 target or 3.00% above today’s $109.17 share price. This indicates more upside for the $16.34B company. This technical setup was reported by Barchart.com. If the $112.45 PT is reached, the company will be worth $490.20M more. The stock increased 1.08% or $1.17 during the last trading session, reaching $109.17. About 2.30 million shares traded or 92.27% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 21.85% since March 17, 2018 and is uptrending. It has outperformed by 17.48% the S&P500. Some Historical SNPS News: 23/05/2018 – Synopsys 2Q Net $102.5M; 31/05/2018 – Synopsys’ Latest ARC MetaWare EV Development Toolkit Release Speeds Application Software Development for Embedded Vision; 23/05/2018 – Synopsys Sees 3Q EPS 65c-EPS 75c; 31/05/2018 – Synopsys’ Latest ARC MetaWare EV Development Toolkit Release Speeds Application Software Development for Embedded Vision Systems; 23/05/2018 – Synopsys Sees FY EPS $1.66-EPS $1.76; 20/03/2018 – Synopsys Accelerates Development of Renesas R-Car V3H SoC that Achieves Cutting-edge Computer Vision; 16/04/2018 – Synopsys and Arm Extend Collaboration to Improve Power, Performance, and Time to Results for Arm’s Latest IP and Synopsys Tools; 22/04/2018 – DJ Synopsys Inc, Inst Holders, 1Q 2018 (SNPS); 30/05/2018 – Synopsys Presenting at Conference Jun 7; 14/03/2018 – Synopsys’ John Rogers Named SPIE Fellow

Btg Pactual Global Asset Management Ltd decreased Mercadolibre Inc (MELI) stake by 50.31% reported in 2018Q4 SEC filing. Btg Pactual Global Asset Management Ltd sold 10,632 shares as Mercadolibre Inc (MELI)’s stock rose 34.13%. The Btg Pactual Global Asset Management Ltd holds 10,502 shares with $3.08 million value, down from 21,134 last quarter. Mercadolibre Inc now has $22.09B valuation. The stock decreased 1.02% or $5.06 during the last trading session, reaching $488.73. About 1.05 million shares traded or 48.29% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 20.35% since March 17, 2018 and is uptrending. It has outperformed by 15.98% the S&P500. Some Historical MELI News: 07/03/2018 MercadoLibre Conference Call Set By Aliya Capital for Mar. 8; 11/04/2018 – MERCADOLIBRE TO PARTNER FOR DISTRIBUTION CENTER IN ARGENTINA; 08/03/2018 – MERCADOLIBRE SAYS ON MARCH 7, CO ENTERED PRIVATELY NEGOTIATED CAPPED CALL TRANSACTIONS WITH SEVERAL FINANCIAL INSTITUTIONS – SEC FILING; 09/05/2018 – Amazon Looms as MercadoLibre Reports Results Amid Shipping Hike; 09/05/2018 – MELI RESULTS CAME BELOW EXPECTATIONS ON UNPLANNED COSTS IN BZ; 09/05/2018 – MERCADOLIBRE 1Q REV. $321.0M; 04/05/2018 – Mackenzie Emerging Markets Adds MercadoLibre, Cuts Samsung; 15/05/2018 – Tiger Global Management Buys New 1.8% Position in MercadoLibre; 15/05/2018 – MercadoLibre Conference Call Set By Aliya Capital for May. 23; 15/05/2018 – MercadoLibre Presenting at JPMorgan Conference Tomorrow

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on May, 8. They expect $0.01 EPS, up 103.45% or $0.30 from last year’s $-0.29 per share. MELI’s profit will be $452,029 for 12218.25 P/E if the $0.01 EPS becomes a reality. After $-0.05 actual EPS reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts -120.00% EPS growth.

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Seekingalpha.com which released: “MercadoLibre: Time To Sell – Seeking Alpha” on March 13, 2019, also Nasdaq.com with their article: “eBay’s $2.5 Billion Boondoggle – Nasdaq” published on March 16, 2019, Nasdaq.com published: “Nasdaq 100 Movers: REGN, MELI – Nasdaq” on March 13, 2019. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Benzinga.com and their article: “BTIG Likes MercadoLibre’s Prospects In Brazil (NASDAQ:MELI) – Benzinga” published on March 13, 2019 as well as Globenewswire.com‘s news article titled: “MercadoLibre, Inc. Announces Closing of Follow-on Offering – GlobeNewswire” with publication date: March 15, 2019.

Investors sentiment decreased to 0.96 in Q4 2018. Its down 0.17, from 1.13 in 2018Q3. It dived, as 31 investors sold MELI shares while 107 reduced holdings. 39 funds opened positions while 94 raised stakes. 37.81 million shares or 6.06% less from 40.25 million shares in 2018Q3 were reported. Advisors Asset Mgmt stated it has 1,650 shares. The Georgia-based Synovus Fincl Corp has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). 2.74M are owned by Rech Global Investors. 2,207 are held by State Board Of Administration Of Florida Retirement System. Ems Cap Lp, a New York-based fund reported 86,150 shares. Blackrock stated it has 1.57 million shares. Wells Fargo And Com Mn has invested 0.06% in MercadoLibre, Inc. (NASDAQ:MELI). Nomura Incorporated accumulated 3,557 shares. Reliance Of Delaware stated it has 808 shares or 0.04% of all its holdings. Motley Fool Asset Ltd Liability Company, Virginia-based fund reported 28,287 shares. State Of Wisconsin Board has invested 0.02% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Walleye Trading Lc has invested 0.05% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). 150,738 were accumulated by Deutsche Bank Ag. Fisher Asset Mgmt Limited Company, Washington-based fund reported 2,315 shares. North Star Investment Management invested in 0% or 30 shares.

Among 10 analysts covering MercadoLibre (NASDAQ:MELI), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. MercadoLibre had 20 analyst reports since October 12, 2018 according to SRatingsIntel. J.P. Morgan maintained the shares of MELI in report on Monday, March 11 with “Buy” rating. Piper Jaffray maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Wednesday, February 27. Piper Jaffray has “Buy” rating and $442 target. The firm earned “Overweight” rating on Friday, November 2 by Barclays Capital. The rating was maintained by BTIG Research with “Buy” on Tuesday, March 12. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Wednesday, February 27 by Barclays Capital. On Wednesday, February 27 the stock rating was maintained by HSBC with “Buy”. Goldman Sachs maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Tuesday, February 5. Goldman Sachs has “Buy” rating and $438 target. On Wednesday, February 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, March 12. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Wednesday, February 27 by Credit Suisse.

Among 5 analysts covering Synopsys (NASDAQ:SNPS), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Synopsys has $125 highest and $98 lowest target. $112’s average target is 2.59% above currents $109.17 stock price. Synopsys had 6 analyst reports since October 23, 2018 according to SRatingsIntel. J.P. Morgan maintained the stock with “Hold” rating in Thursday, February 21 report. JP Morgan upgraded Synopsys, Inc. (NASDAQ:SNPS) rating on Tuesday, October 23. JP Morgan has “Neutral” rating and $98 target. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Buy” rating by Benchmark on Thursday, December 6. The stock of Synopsys, Inc. (NASDAQ:SNPS) has “Buy” rating given on Thursday, February 21 by DA Davidson.

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $16.34 billion. It offers Galaxy Design platform that provides IC design solutions; Verification Continuum Platform, which offers virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA) prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It has a 28.54 P/E ratio. The firm also provides DesignWare intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals.

Investors sentiment decreased to 0.88 in 2018 Q4. Its down 0.09, from 0.97 in 2018Q3. It fall, as 45 investors sold Synopsys, Inc. shares while 159 reduced holdings. 48 funds opened positions while 132 raised stakes. 131.55 million shares or 2.47% more from 128.39 million shares in 2018Q3 were reported. Asset Mgmt One has invested 0.06% in Synopsys, Inc. (NASDAQ:SNPS). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma holds 25 shares. Moreover, Hightower Ltd Co has 0.01% invested in Synopsys, Inc. (NASDAQ:SNPS). Raymond James Ser Advsrs invested in 4,397 shares or 0% of the stock. Pnc Fincl Gp Inc has 7,040 shares for 0% of their portfolio. Symphony Asset Mgmt Ltd Liability Corp reported 0.31% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Aqr Cap Mngmt Limited Liability Co has 0.08% invested in Synopsys, Inc. (NASDAQ:SNPS). Hartford Management reported 16,522 shares. Sg Americas Securities Ltd Liability has 13,694 shares for 0.01% of their portfolio. Bp Public Ltd Com reported 0.06% stake. Toronto Dominion Savings Bank reported 89,642 shares stake. Fdx Advsrs stated it has 5,075 shares. Champlain Invest Partners Llc invested 0.75% in Synopsys, Inc. (NASDAQ:SNPS). The Ontario – Canada-based Td Asset Mgmt has invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS). Tompkins Financial holds 0% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS) for 171 shares.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on May, 22. They expect $0.73 earnings per share, up 8.96% or $0.06 from last year’s $0.67 per share. SNPS’s profit will be $109.26 million for 37.39 P/E if the $0.73 EPS becomes a reality. After $1.01 actual earnings per share reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -27.72% negative EPS growth.

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