Analysts predict that Synopsys, Inc. (NASDAQ:SNPS) will post $0.78 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Synopsys’ earnings. The lowest EPS estimate is $0.77 and the highest is $0.79. Synopsys reported earnings per share of $0.69 during the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The company is expected to issue its next quarterly earnings results on Wednesday, December 5th.
According to Zacks, analysts expect that Synopsys will report full-year earnings of $3.91 per share for the current year, with EPS estimates ranging from $3.90 to $3.92. For the next financial year, analysts forecast that the business will post earnings of $4.18 per share, with EPS estimates ranging from $4.00 to $4.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Synopsys.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 22nd. The semiconductor company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. The business had revenue of $779.70 million for the quarter, compared to analysts’ expectations of $773.61 million. Synopsys had a net margin of 1.92% and a return on equity of 5.52%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS.
Shares of NASDAQ SNPS traded up $2.37 during midday trading on Friday, reaching $88.12. 1,544,035 shares of the stock were exchanged, compared to its average volume of 1,060,921. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 100.14, a PEG ratio of 6.28 and a beta of 1.18. Synopsys has a twelve month low of $80.13 and a twelve month high of $103.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70.
In other news, General Counsel John F. Runkel, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $102.00, for a total transaction of $1,020,000.00. Following the transaction, the general counsel now owns 22,322 shares in the company, valued at approximately $2,276,844. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph W. Logan sold 20,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $101.43, for a total value of $2,028,600.00. Following the transaction, the executive vice president now owns 88,271 shares in the company, valued at approximately $8,953,327.53. The disclosure for this sale can be found here. Insiders have sold a total of 33,609 shares of company stock worth $3,416,177 in the last quarter. Insiders own 1.84% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in Synopsys by 1.2% in the 1st quarter. Stifel Financial Corp now owns 56,390 shares of the semiconductor company’s stock valued at $4,693,000 after purchasing an additional 661 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Synopsys by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 893,070 shares of the semiconductor company’s stock valued at $74,339,000 after purchasing an additional 20,989 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Synopsys by 10.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 25,484 shares of the semiconductor company’s stock valued at $2,121,000 after purchasing an additional 2,351 shares in the last quarter. Profund Advisors LLC lifted its holdings in Synopsys by 9.1% in the 1st quarter. Profund Advisors LLC now owns 13,676 shares of the semiconductor company’s stock valued at $1,138,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Rampart Investment Management Company LLC lifted its holdings in Synopsys by 257.6% in the 1st quarter. Rampart Investment Management Company LLC now owns 7,210 shares of the semiconductor company’s stock valued at $600,000 after purchasing an additional 5,194 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.
Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; 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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