Wall Street brokerages expect Synopsys, Inc. (NASDAQ:SNPS) to post earnings per share of $0.90 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Synopsys’ earnings, with estimates ranging from $0.82 to $1.08. Synopsys reported earnings of $0.88 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 16th.
According to Zacks, analysts expect that Synopsys will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.71. For the next year, analysts forecast that the business will report earnings of $4.06 per share, with EPS estimates ranging from $3.95 to $4.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Synopsys.
Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The firm had revenue of $769.40 million during the quarter, compared to analyst estimates of $750.43 million. Synopsys had a return on equity of 6.72% and a net margin of 1.63%. Synopsys’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share.
Several brokerages recently weighed in on SNPS. BidaskClub lowered Synopsys from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday. Royal Bank of Canada restated a “buy” rating on shares of Synopsys in a research note on Friday. KeyCorp restated an “overweight” rating and issued a $110.00 target price (up from $106.00) on shares of Synopsys in a research note on Thursday, February 22nd. Finally, DA Davidson restated a “buy” rating and issued a $105.00 target price (up from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $97.33.
In other news, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Chrysostomos L. Nikias sold 21,074 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $1,892,023.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,364 shares of company stock valued at $6,959,036. Insiders own 1.84% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SNPS. Cerebellum GP LLC bought a new stake in Synopsys during the fourth quarter worth approximately $124,000. Robecosam AG raised its holdings in Synopsys by 69.2% during the fourth quarter. Robecosam AG now owns 2,200 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 900 shares in the last quarter. IBM Retirement Fund bought a new stake in Synopsys during the fourth quarter worth approximately $201,000. Conning Inc. bought a new stake in Synopsys during the fourth quarter worth approximately $205,000. Finally, Checchi Capital Advisers LLC bought a new stake in Synopsys during the fourth quarter worth approximately $205,000. Institutional investors and hedge funds own 88.58% of the company’s stock.
Shares of Synopsys (NASDAQ:SNPS) traded up $0.23 during trading on Friday, reaching $85.47. The company had a trading volume of 977,500 shares, compared to its average volume of 1,077,191. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 0.68. The company has a market capitalization of $12,677.33, a price-to-earnings ratio of 316.56, a P/E/G ratio of 4.21 and a beta of 1.04. Synopsys has a 1 year low of $69.42 and a 1 year high of $94.80.
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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.
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