Synopsys (SNPS) Releases Earnings Results, Beats Expectations By $0.16 EPS

Andrew Cummings
February 17, 2017

(NASDAQ:SNPS) opened at 65.98 on Tuesday.

Synopsys, Inc. (NASDAQ:SNPS) will post its Q117 quarterly earnings results on Wednesday, February 15th. The sell-side target prices range from $58 to $75. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 38.14 and a beta of 0.87.

In terms of earnings per share, 8 analysts have a 0.78 EPS mean target for the quarter ending Jan-17, for the quarter ending Apr-17, 8 analysts have a 0.77 EPS mean target and for the quarter ending Apr-17 there are 8 estimates of 3.20 EPS. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company had a trading volume of 790,853 shares.

If we look at stock performance in last active day trading, we see that stock has moved up 0.64% to end the day at $66.26. Numeric Investors LLC boosted its position in Synopsys by 316.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Synopsys by 0.3% in the second quarter.

Analysts had been modeling $638 million and 78 cents per share. Synopsys has a 12 month low of $43.17 and a 12 month high of $73.08. Earnings per share for the recently concluded quarter is expected to come in at $0.78 a share with $637.73M in revenue. Legal & General Group Plc boosted its position in Synopsys by 1.8% in the second quarter. The business's revenue for the quarter was up 7.9% compared to the same quarter past year. Sumitomo Mitsui Trust Holdings Inc. increased its position in Synopsys by 2.9% in the second quarter. Numeric Investors LLC now owns 1,009,981 shares of the company's stock valued at $54,620,000 after buying an additional 767,356 shares during the last quarter. Congress Asset Management Co. Martingale Asset Management L P now owns 599,420 shares of the company's stock valued at $32,418,000 after buying an additional 129,013 shares in the last quarter. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future. MA increased its position in Synopsys by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 524,888 shares of the company's stock valued at $28,381,000 after buying an additional 34,696 shares during the last quarter.

Huntsman Corporation (NYSE:HUN) reported fourth quarter 2016 results with revenues of $2,395 million, net income of $137 million and adjusted EBITDA of $256 million. During the same period in the previous year, the firm earned $0.67 EPS.

"Synopsys, Inc. (SNPS) Shares Sold by Columbia Wanger Asset Management LLC" was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. They issued an outperform rating and a $68.00 target price on the stock. If you are viewing this report on another site, it was illegally stolen and reposted in violation of United States & global trademark & copyright law. The original version of this piece of content can be read at The companys products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process.

Synopsys, one of the leading suppliers of electronic design automation software to the global electronics industry.

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