Synopsys (NASDAQ:SNPS – Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.15, Briefing.com reports. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Synopsys had a net margin of 23.05% and a return on equity of 22.66%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.17 EPS.
Synopsys Trading Down 1.6 %
Shares of SNPS traded down $8.67 during trading hours on Friday, reaching $539.39. 1,040,658 shares of the stock traded hands, compared to its average volume of 1,064,959. The company has a market cap of $82.65 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.07. The company’s 50-day moving average price is $571.88 and its two-hundred day moving average price is $566.53. Synopsys has a 52-week low of $434.14 and a 52-week high of $629.38.
Insider Activity
In related news, Director Mercedes Johnson sold 5,500 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $581.38, for a total value of $3,197,590.00. Following the completion of the transaction, the director now owns 1,543 shares of the company’s stock, valued at approximately $897,069.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider John F. Runkel, Jr. sold 936 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $566.97, for a total transaction of $530,683.92. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $11,339,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 5,500 shares of Synopsys stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $581.38, for a total transaction of $3,197,590.00. Following the completion of the sale, the director now owns 1,543 shares of the company’s stock, valued at $897,069.34. The disclosure for this sale can be found here. Insiders have sold 69,830 shares of company stock worth $42,643,721 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on SNPS
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.
Featured Articles
- Five stocks we like better than Synopsys
- How to Choose Top Rated Stocks
- Lumen: Among Top Performers Last Month, Still Has Warning Signs
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Baidu’s Strong Quarter Proves a Smart Pick for Michael Burry
- What is the Euro STOXX 50 Index?
- Intuit Beats Q4 Earnings: AI, Dividends, and a Growth Strategy
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.