5 Companies Reach 52-Week Highs

Synopsys, PG&E, Agilent, Procter & Gamble, McDonald's prices climb

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Aug 29, 2017
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Synopsys reached the 52-week high of $78.49

Synopsys Inc. (SNPS, Financial)Â is a software development company. It supplies electronic design automation software used by engineers to design and test integrated circuits. It provides software and hardware used to develop the electronic systems that incorporate chips.

Synopsys is a provider of electronic design automation software and intellectual property products to designers, engineers and developers. The software enables designers to automate the integrated circuit design process, reduce errors and verify that the design behaves as intended. Its intellectual property products include solutions for wired and wireless interfaces, logic libraries and embedded memories and configurable processor cores.

The firm derives revenue from the sale of software licenses as well as from maintenance and professional fees. Roughly half of the firm's revenue is generated in the U.S., with the rest coming from Europe, Japan and the Asia-Pacific region.

The price of Synopsys shares has reached $78.49, which is 1.5% off the 52-week high of $79.66. Synopsys has a market cap of $11.79 billion; its shares were traded around $78.49 with a price-earnings (P/E) ratio of 37.02 and a price-sales (P/S) ratio of 4.56. Synopsys had an annual average earnings growth of 10.70% over the past 10 years. GuruFocus rated Synopsys the business predictability rank of 4 stars.

Synopsys reported revenue of $695.4 million in the third quarter of fiscal 2017 compared to $615.2 million for the third quarter of fiscal year 2016, an increase of 13.0%. On a generally accepted accounting principles (GAAP) basis, net income for the third quarter of fiscal 2017 was $116.8 million, or 75 cents per share, compared to $64.7 million, or 42 cents per share, for the third quarter of fiscal 2016. On a non-GAAP basis, net income was $141.6 million, or 92 cents per share, compared to non-GAAP net income of $116.2 million, or 76 cents per share, for the third quarter of fiscal 2016.

Co-CEO and President Chi-Foon Chan sold 3,750 shares for $77.5 per share on Aug. 18. The stock price has increased by 1.28% since.

PG&E reached the 52-week high of $70.08

PG&E Corp. (PCG, Financial)Â is an electric utility company that provides electricity as well as natural gas distribution, electricity generation, procurement and transmission and natural gas procurement, transportation and storage. PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.4 million gas customers in 47 of the state's 58 counties. In 2004, PG&E sold its unregulated assets as part of its post-bankruptcy reorganization.

The price of PG&E shares has reached $70.08, which is 0.4% off the 52-week high of $70.35. PG&EÂ has a market cap of $35.94 billion; its shares were traded around $70.08 with a P/E ratio of 17.22 and a P/S ratio of 1.97.

PG&E's trailing 12-month dividend yield is 2.85%. The forward dividend yield is 3.03%.

PG&E's second-quarter 2017 net income after dividends on preferred stock (also called "income available for common shareholders") was $406 million, or 79 cents per share, as reported in accordance with generally accepted accounting principles (GAAP). This compares with $206 million, or 41 cents per share, for the second quarter of 2016. The quarter-over-quarter increase primarily reflects the timing impacts of regulatory decisions in Pacific Gas and Electric Company's 2017 General Rate Case (GRC) and its 2015 Gas Transmission and Storage (GT&S) rate case. On a non-GAAP basis, excluding items impacting comparability, PG&E's earnings from operations in the second quarter were $440 million, or 86 cents per share, compared with $330 million, or 66 cents per share, in the second quarter of 2016.

Vice President and Controller David S. Thomason sold 700 shares for $69.62 per share on Aug. 23. The stock price has increased by 0.66% since.

Agilent Technologies reached the 52-week high of $62.90

Agilent Technologies Inc. (A, Financial)Â is engaged in life sciences, diagnostics and applied chemical markets. The company provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow.

Originally spun out of Hewlett-Packard in 1999, Agilent has evolved into a leading health-care firm. Today, Agilent's measurement technologies serve a broad base of customers within three operating segments: life science and applied equipment (49% of sales), cross lab (which includes consumables and services at 34%) and diagnostics and genomics (17%). The U.S. and Europe account for 34% and 27% of revenue with China and Japan accounting for the majority of remaining sales. Agilent is headquartered in California.

The price of Agilent Technologies shares has reached $62.90, which is 0.7% off the 52-week high of $63.37. Agilent Technologies has a market cap of $20.25 billion; its shares were traded around $62.90 with a P/E ratio of 32.42 and P/S ratio of 4.67.

Agilent Technologies'Â trailing 12-month dividend yield is 0.81%. The forward dividend yield is 0.84%. Agilent Technologies had an annual average earnings growth of 2.80% over the past 10 years.

Agilent Technologies recently reported revenue of $1.11 billion, up 7% year over year (up 7.5% on a core basis) for the third fiscal quarter ended July 31. Third-quarter GAAP net income was $175 million, or 54 cents per share. Last year’s third-quarter GAAP net income was $124 million, or 38 cents per share.

Senior Vice President and Chief Financial Officer Didier Hirsch sold 72,545 shares for $62.38 per share on Aug. 22. The stock price increased by 0.83% since.

Procter & Gamble reached the 52-week high of $92.51

Procter & Gamble Co. (PG, Financialis a consumer goods company. The firm markets its products internationally through various channels that include mass merchandisers, grocery stores, membership club stores, drug stores and department stores.

Since its founding in 1837, Procter & Gamble has become the world's largest consumer product manufacturer. It operates with a lineup of leading brands, including 21 that generate more than $1 billion in annual global sales such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg (K, Financial) in 2012. Sales outside the U.S. represent around 60% of the firm's consolidated total, with about one-third from emerging markets.

The price of Procter & Gamble shares has reached $92.51, which is 0.5% off the 52-week high of $92.96. Procter & Gamble has a market cap of $235.9 billion; its shares were traded around $92.51 with a P/E ratio of 16.52 and P/S ratio of 3.90.

Procter & Gamble's trailing 12-month dividend yield is 2.94%. The forward dividend yield is 2.98%. Procter & Gamble had an annual average earnings growth of 0.50% over the past five years.

Procter & Gamble recently reported April-June net sales of $16.1 billion, unchanged versus the prior year including a negative two percentage point impact from foreign exchange. Organic sales increased 2% for the quarter driven by a 2% increase in organic shipment volume. Diluted net earnings per share were 82 cents, an increase of 19% versus the prior year. Core earnings per share were 85 cents, an increase of 8% versus the prior year. The company generated $3.7 billion of operating cash flow in the quarter with adjusted free cash flow productivity of 125%.

President and CEO David S. Taylor sold 6,382 shares for $92.04 per share on Aug. 15. The stock price has increased by 0.51% since.

McDonald's reached the 52-week high of $158.82

McDonald's Corp. (MCD, Financialoperates a chain of more than 30,000 restaurants in more than 100 countries. It also receives franchise royalties and licensing pacts. The company offers a uniform value-priced menu with special additions based on regions.

Restaurants offer a uniform value-priced menu with some regional variations. As of June, there were 37,000 locations in 120 countries: 31,900 franchisee/affiliate units and 5,100 company units.

The price of McDonald's shares has reached $158.82, which is 0.7% off the 52-week high of $159.98. McDonald's has a market cap of $128.64 billion; its shares were traded around $158.82 with a P/E ratio of 26.04 and P/S ratio of 5.46.

McDonald's trailing 12-month dividend yield is 2.34%. The forward dividend yield is 2.37%. McDonald's had an annual average earnings growth of 8.70% over the past 10 years.

McDonald's recently announced results for the second quarter ended June 30. Second-quarter highlights:

  • Global comparable sales increased 6.6%, reflecting positive guest counts in all segments.
  • Consolidated revenues decreased 3% (2% in constant currencies) due to the impact of the company's strategic refranchising initiative.
  • Systemwide sales increased 8% in constant currencies, due to strong comparable sales performance and restaurant expansion.
  • Consolidated operating income increased 24% (26% in constant currencies), which included a benefit from the prior year's strategic charges of approximately $230 million.
  • Diluted earnings per share of $1.70 increased 36% (38% in constant currencies). Excluding the impact of the current quarter and prior year strategic charges of 3 cents and 20 cents per share, diluted earnings per share increased 19% (21% in constant currencies).
  • Returned $1.8 billion to shareholders through share repurchases and dividends.

Executive Vice President and Chief People Officer David Ogden Fairhurst sold 4,782 shares for $157.05 per share on Aug. 14. The stock price has increased by 1.13% since.

Disclosure: I do not own these stocks