Synopsys (SNPS) to Release Earnings on Wednesday

Synopsys (NASDAQ:SNPS) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Synopsys to post earnings of $2.81 per share and revenue of $1.45 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Synopsys Trading Down 3.9 %

SNPS stock opened at $474.84 on Monday. Synopsys has a twelve month low of $457.52 and a twelve month high of $629.38. The company has a market capitalization of $73.40 billion, a P/E ratio of 32.70, a PEG ratio of 3.23 and a beta of 1.12. The firm has a 50 day simple moving average of $510.21 and a 200-day simple moving average of $517.67.

Analyst Ratings Changes

A number of research firms have recently weighed in on SNPS. Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. Loop Capital began coverage on shares of Synopsys in a research report on Monday, November 11th. They set a “buy” rating and a $675.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a research report on Wednesday, December 4th. Robert W. Baird decreased their price target on shares of Synopsys from $644.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on shares of Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $641.82.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total value of $10,544,236.38. Following the transaction, the executive now directly owns 1,460 shares of the company’s stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.66% of the company’s stock.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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.