Synopsys (SNPS) Projected to Post 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 Price Performance

SNPS opened at $525.00 on Wednesday. Synopsys has a 12 month low of $457.52 and a 12 month high of $629.38. The stock has a market capitalization of $81.15 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 3.49 and a beta of 1.12. The business has a 50-day moving average of $511.06 and a two-hundred day moving average of $517.59.

Analyst Ratings Changes

A number of analysts have recently issued reports on SNPS shares. Piper Sandler decreased their target price on Synopsys from $670.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price target for the company. Redburn Atlantic began coverage on Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 price target for the company. Wells Fargo & Company decreased their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $641.82.

Insider Buying and Selling at Synopsys

In related news, CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

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.