Synopsys, Inc. (NASDAQ:SNPS) is scheduled to announce its earnings results after the market closes on Tuesday, August 15th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Synopsys has set its Q3 guidance at $0.91-0.94 EPS and its FY17 guidance at $3.24-3.29 EPS.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, May 17th. The semiconductor company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. Synopsys had a return on equity of 11.16% and a net margin of 10.74%. The company had revenue of $680.07 million for the quarter, compared to analyst estimates of $672.40 million. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect Synopsys to post $3.28 EPS for the current fiscal year and $3.55 EPS for the next fiscal year.

Synopsys, Inc. (SNPS) opened at 77.15 on Tuesday. The firm has a 50-day moving average price of $74.74 and a 200 day moving average price of $71.67. Synopsys, Inc. has a 12 month low of $54.69 and a 12 month high of $77.29. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 43.10 and a beta of 1.02.

Synopsys announced that its Board of Directors has approved a share repurchase plan on Friday, June 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In related news, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $71.05, for a total value of $355,250.00. Following the sale, the executive vice president now owns 68,793 shares of the company’s stock, valued at $4,887,742.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Geus Aart De sold 264,000 shares of Synopsys stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $71.01, for a total value of $18,746,640.00. Following the completion of the sale, the chairman now directly owns 220,133 shares in the company, valued at approximately $15,631,644.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 304,246 shares of company stock worth $21,608,505. 1.82% of the stock is owned by company insiders.

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A number of analysts have recently commented on SNPS shares. Needham & Company LLC restated a “buy” rating and issued a $76.00 price target on shares of Synopsys in a report on Monday, April 17th. Zacks Investment Research lowered Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. BidaskClub lowered Synopsys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating and issued a $87.00 price target (up from $80.00) on shares of Synopsys in a report on Friday, May 19th. Finally, DA Davidson restated a “buy” rating and issued a $85.00 price target (up from $77.00) on shares of Synopsys in a report on Friday, May 19th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $75.78.

Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

Earnings History for Synopsys (NASDAQ:SNPS)

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