Synopsys (SNPS) Scheduled to Post Earnings on Wednesday

Synopsys (NASDAQ:SNPS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 22nd. Analysts expect Synopsys to post earnings of $0.73 per share for the quarter.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.51. Synopsys had a return on equity of 17.23% and a net margin of 18.59%. The firm had revenue of $820.40 million during the quarter, compared to the consensus estimate of $796.30 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect Synopsys to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ SNPS opened at $117.74 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.82. Synopsys has a 1-year low of $79.14 and a 1-year high of $122.36. The firm has a market cap of $17.56 billion, a P/E ratio of 41.75, a P/E/G ratio of 3.80 and a beta of 1.30.

Several equities research analysts recently weighed in on the company. Royal Bank of Canada increased their price target on Synopsys from $130.00 to $140.00 and gave the stock a “top pick” rating in a report on Thursday, April 11th. Wells Fargo & Co assumed coverage on Synopsys in a report on Tuesday. They set an “outperform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Synopsys in a report on Wednesday, April 3rd. DA Davidson increased their price target on Synopsys to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, KeyCorp started coverage on Synopsys in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $135.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $119.56.

In other Synopsys news, VP Sudhindra Kankanwadi sold 2,085 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $102.71, for a total value of $214,150.35. Following the completion of the transaction, the vice president now owns 10,387 shares in the company, valued at $1,066,848.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $101.71, for a total value of $1,017,100.00. Following the completion of the transaction, the general counsel now owns 21,071 shares of the company’s stock, valued at approximately $2,143,131.41. The disclosure for this sale can be found here. Insiders sold 142,190 shares of company stock valued at $14,729,218 in the last quarter. 1.84% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

Read More: Green Investing

Earnings History for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with's FREE daily email newsletter.

Leave a Reply