Synopsys Inc. (NASDAQ:SNPS) is scheduled to be releasing its Q416 earnings data on Wednesday, November 30th. Analysts expect Synopsys to post earnings of $0.77 per share and revenue of $628.39 million for the quarter.

Earnings History for Synopsys (NASDAQ:SNPS)

Shares of Synopsys Inc. (NASDAQ:SNPS) opened at 61.30 on Tuesday. Synopsys Inc. has a 12 month low of $39.26 and a 12 month high of $62.00. The firm’s 50-day moving average is $59.60 and its 200 day moving average is $56.33. The stock has a market cap of $9.28 billion, a PE ratio of 39.09 and a beta of 0.88.

SNPS has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $75.00 price objective (up previously from $64.00) on shares of Synopsys in a research report on Wednesday, October 12th. Credit Suisse Group AG initiated coverage on shares of Synopsys in a research report on Wednesday, October 19th. They set an “outperform” rating and a $68.00 price objective on the stock. Zacks Investment Research cut shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Pacific Crest lifted their price objective on shares of Synopsys from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 18th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $66.00 price objective on shares of Synopsys in a research report on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $64.10.

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In related news, Director Alfred Castino sold 10,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $58.44, for a total value of $584,400.00. Following the sale, the director now owns 27,982 shares in the company, valued at $1,635,268.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian M. Beattie sold 63,125 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $59.18, for a total transaction of $3,735,737.50. Following the completion of the sale, the executive vice president now owns 74,500 shares in the company, valued at approximately $4,408,910. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC acquired a new stake in shares of Synopsys during the second quarter valued at $879,000. OMERS ADMINISTRATION Corp boosted its stake in shares of Synopsys by 150.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 50,400 shares of the company’s stock valued at $2,726,000 after buying an additional 30,300 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Synopsys by 23.2% in the second quarter. Sei Investments Co. now owns 164,098 shares of the company’s stock valued at $8,875,000 after buying an additional 30,898 shares in the last quarter. Comerica Bank boosted its stake in shares of Synopsys by 1.3% in the second quarter. Comerica Bank now owns 115,780 shares of the company’s stock valued at $6,425,000 after buying an additional 1,438 shares in the last quarter. Finally, GAM Holding AG boosted its stake in shares of Synopsys by 35.6% in the second quarter. GAM Holding AG now owns 21,483 shares of the company’s stock valued at $1,162,000 after buying an additional 5,636 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

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.

5 Day Chart for NASDAQ:SNPS

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