Synopsys (NASDAQ:SNPS) is scheduled to announce its earnings results after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Synopsys had a net margin of 18.74% and a return on equity of 16.88%. The firm had revenue of $836.20 million during the quarter, compared to analyst estimates of $829.41 million. During the same period in the previous year, the business posted $1.08 EPS. The business’s quarterly revenue was up 7.6% 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.
NASDAQ:SNPS opened at $132.12 on Wednesday. The firm’s fifty day moving average price is $133.13. Synopsys has a 52 week low of $79.14 and a 52 week high of $138.72. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 3.93 and a beta of 1.27.
A number of research firms recently commented on SNPS. Zacks Investment Research lowered shares of Synopsys from a “hold” rating to a “sell” rating and set a $143.00 price target for the company. in a report on Wednesday, July 24th. Bank of America reiterated an “average” rating on shares of Synopsys in a report on Wednesday, June 5th. BidaskClub lowered shares of Synopsys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Co started coverage on shares of Synopsys in a research report on Tuesday, May 14th. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of Synopsys from $135.00 to $152.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $128.00.
In other news, Director Steven Walske sold 2,453 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $126.54, for a total value of $310,402.62. Following the sale, the director now directly owns 14,038 shares of the company’s stock, valued at approximately $1,776,368.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chi-Foon Chan sold 5,105 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $117.15, for a total transaction of $598,050.75. Following the completion of the sale, the chief executive officer now directly owns 204,117 shares in the company, valued at $23,912,306.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,180 shares of company stock worth $24,653,559. Insiders own 1.84% of the company’s stock.
Synopsys Company Profile
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.
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