$0.41 EPS Expected for Synopsys, Inc. (SNPS)

November 11, 2018 - By Christine McCrea

Synopsys, Inc. (NASDAQ:SNPS) LogoInvestors sentiment increased to 1.04 in 2018 Q2. Its up 0.29, from 0.75 in 2018Q1. It improved, as 25 investors sold Synopsys, Inc. shares while 157 reduced holdings. 46 funds opened positions while 144 raised stakes. 128.62 million shares or 0.27% less from 128.97 million shares in 2018Q1 were reported.
73,088 were accumulated by Natixis L P. Hightower Advsrs Ltd Liability Company accumulated 0.01% or 8,223 shares. Moreover, Fdx has 0.02% invested in Synopsys, Inc. (NASDAQ:SNPS) for 5,501 shares. Pub Employees Retirement Association Of Colorado accumulated 0.02% or 27,682 shares. Rdl has 1.27% invested in Synopsys, Inc. (NASDAQ:SNPS) for 22,722 shares. Putnam Ltd Liability Company reported 0.03% stake. Alliancebernstein L P has invested 0.01% in Synopsys, Inc. (NASDAQ:SNPS). Dupont Capital stated it has 6,323 shares or 0.01% of all its holdings. Credit Suisse Ag stated it has 0.03% in Synopsys, Inc. (NASDAQ:SNPS). Pitcairn stated it has 0.03% in Synopsys, Inc. (NASDAQ:SNPS). Toronto Dominion Comml Bank reported 95,762 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.04% in Synopsys, Inc. (NASDAQ:SNPS). Cubist Systematic Strategies Limited Liability Com has 84,047 shares for 0.36% of their portfolio. Renaissance Techs Limited Company invested 0.1% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Asset Mgmt One Ltd stated it has 0.06% in Synopsys, Inc. (NASDAQ:SNPS).

Since May 25, 2018, it had 0 insider buys, and 6 insider sales for $9.84 million activity. Logan Joseph W sold 20,000 shares worth $2.03 million. RUNKEL JOHN F JR sold $1.02M worth of stock or 10,000 shares.

Analysts expect Synopsys, Inc. (NASDAQ:SNPS) to report $0.41 EPS on December, 5.They anticipate $1.21 EPS change or 151.25 % from last quarter’s $-0.8 EPS. SNPS’s profit would be $60.92M giving it 56.92 P/E if the $0.41 EPS is correct. After having $0.52 EPS previously, Synopsys, Inc.’s analysts see -21.15 % EPS growth. The stock decreased 1.05% or $0.99 during the last trading session, reaching $93.35. About 787,378 shares traded. Synopsys, Inc. (NASDAQ:SNPS) has risen 28.30% since November 11, 2017 and is uptrending. It has outperformed by 12.68% the S&P500.

Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage

Among 3 analysts covering Synopsys (NASDAQ:SNPS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Synopsys had 4 analyst reports since May 24, 2018 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, May 24. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Neutral” rating by JP Morgan on Tuesday, October 23. The firm has “Outperform” rating given on Thursday, May 24 by Credit Suisse. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, August 23.

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). The company has market cap of $13.87 billion. It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA) prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It has a 251.62 P/E ratio. The firm also offers DesignWare intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals.

Another recent and important Synopsys, Inc. (NASDAQ:SNPS) news was published by Prnewswire.com which published an article titled: “Synopsys Wins 2018 World Electronic Achievement Awards for Two Major Game-Changing Innovations” on November 08, 2018.

Synopsys, Inc. (NASDAQ:SNPS) Institutional Positions Chart

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