FY2020 EPS Estimates for Synopsys, Inc. (SNPS) Reduced by Griffin Securities

Synopsys, Inc. (NASDAQ:SNPS) – Griffin Securities lowered their FY2020 earnings per share (EPS) estimates for Synopsys in a research report issued on Wednesday. Griffin Securities analyst J. Vleeschhouwer now expects that the semiconductor company will earn $3.18 per share for the year, down from their previous forecast of $3.19.

SNPS has been the topic of several other reports. Royal Bank of Canada upgraded Synopsys from an “outperform” rating to a “top pick” rating and lifted their target price for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research lowered Synopsys from a “hold” rating to a “strong sell” rating in a report on Monday, December 4th. Needham & Company LLC lifted their target price on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 30th. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $105.00 target price (up from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Synopsys has an average rating of “Hold” and an average price target of $96.89.

Synopsys (NASDAQ SNPS) traded up $0.69 during mid-day trading on Monday, reaching $89.76. The company’s stock had a trading volume of 1,191,600 shares, compared to its average volume of 1,004,101. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $13,380.00, a price-to-earnings ratio of 104.59, a PEG ratio of 3.97 and a beta of 1.04. Synopsys has a 52-week low of $69.42 and a 52-week high of $94.80.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. During the same period last year, the company earned $0.77 EPS. The firm’s revenue was up 9.9% on a year-over-year basis.

In other news, Director Steven Walske sold 4,545 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total value of $409,595.40. Following the sale, the director now directly owns 14,988 shares in the company, valued at $1,350,718.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $336,675.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,442 shares of company stock worth $5,779,693. Corporate insiders own 1.82% of the company’s stock.

Several institutional investors have recently modified their holdings of SNPS. GHP Investment Advisors Inc. increased its position in shares of Synopsys by 1.9% in the fourth quarter. GHP Investment Advisors Inc. now owns 33,011 shares of the semiconductor company’s stock valued at $2,814,000 after acquiring an additional 626 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Synopsys by 8.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 9,298 shares of the semiconductor company’s stock valued at $749,000 after acquiring an additional 690 shares during the last quarter. National Pension Service increased its position in shares of Synopsys by 0.4% in the fourth quarter. National Pension Service now owns 176,640 shares of the semiconductor company’s stock valued at $15,057,000 after acquiring an additional 692 shares during the last quarter. MML Investors Services LLC increased its position in shares of Synopsys by 24.3% in the fourth quarter. MML Investors Services LLC now owns 3,602 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 705 shares during the last quarter. Finally, Strs Ohio increased its position in shares of Synopsys by 3.8% in the third quarter. Strs Ohio now owns 20,004 shares of the semiconductor company’s stock valued at $1,610,000 after acquiring an additional 729 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.

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About Synopsys

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.

Earnings History and Estimates for Synopsys (NASDAQ:SNPS)

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