Synopsys (SNPS) Stock Price, News & Analysis

$527.52
+0.02 (+0.00%)
(As of 04/24/2024 ET)
Today's Range
$527.28
$540.73
50-Day Range
$510.71
$602.01
52-Week Range
$360.36
$629.38
Volume
1.43 million shs
Average Volume
883,885 shs
Market Capitalization
$80.45 billion
P/E Ratio
58.10
Dividend Yield
N/A
Price Target
$601.00

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.9% Upside
$601.00 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
1.18mentions of Synopsys in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$15.46 M Sold Last Quarter
Proj. Earnings Growth
18.81%
From $9.78 to $11.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.46 out of 5 stars

Computer And Technology Sector

93rd out of 585 stocks

Prepackaged Software Industry

20th out of 195 stocks

SNPS stock logo

About Synopsys Stock (NASDAQ:SNPS)

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. It also provides intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, MIPI, HDMI, and Bluetooth low energy applications; logic libraries and embedded memories; processor cores, software, and application-specific instruction-set processor tools for embedded applications; security IP solutions; IP solutions for automotive market; and system-on-chip (SoC) 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. In addition, the company offers HAPS FPGA-based prototyping systems; virtual prototyping solutions; and Platform Architect solutions for SoC architecture analysis and optimization, as well as optical products, and mechatronic simulations. Further, it provides security and quality testing products, managed services, programs and professional services, and training that enable its customers to detect and remediate security vulnerabilities, and defects in the software development lifecycle, as well as manufacturing solutions. Additionally, the company provides intelligent orchestration solution, software risk manager, and black duck software composition analysis tools. It serves electronics, financial services, automotive, medicine, energy, and industrial areas. The company was incorporated in 1986 and is headquartered in Sunnyvale, California.

SNPS Stock Price History

SNPS Stock News Headlines

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
SNPS Quantitative Stock Analysis
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ANSYS: Rating Upgrade After Merger Confirmation
ANSYS: Rating Upgrade After Merger Confirmation
Synopsys Director Makes Rare Insider Purchase
The 3 Best Tech Stocks to Buy in Q2 2024
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/22/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
Employees
20,300
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$601.00
High Stock Price Target
$665.00
Low Stock Price Target
$500.00
Potential Upside/Downside
+13.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
24.27%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$10.25 per share
Book Value
$40.46 per share

Miscellaneous

Free Float
151,494,000
Market Cap
$80.45 billion
Optionable
Optionable
Beta
1.06

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SNPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SNPS shares.
View SNPS analyst ratings
or view top-rated stocks.

What is Synopsys' stock price target for 2024?

10 brokers have issued 12-month price objectives for Synopsys' stock. Their SNPS share price targets range from $500.00 to $665.00. On average, they anticipate the company's stock price to reach $601.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for SNPS
or view top-rated stocks among Wall Street analysts.

How have SNPS shares performed in 2024?

Synopsys' stock was trading at $514.91 at the start of the year. Since then, SNPS stock has increased by 2.4% and is now trading at $527.52.
View the best growth stocks for 2024 here
.

When is Synopsys' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our SNPS earnings forecast
.

How can I listen to Synopsys' earnings call?

Synopsys will be holding an earnings conference call on Wednesday, May 22nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) issued its earnings results on Wednesday, February, 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.13. The semiconductor company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.65 billion. Synopsys had a trailing twelve-month return on equity of 22.88% and a net margin of 22.96%. The company's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys declared that its Board of Directors has authorized a share buyback program on Thursday, September 1st 2022, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has Synopsys issued on next quarter's earnings?

Synopsys issued an update on its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 13.470-13.550 for the period, compared to the consensus earnings per share estimate of 13.420. The company issued revenue guidance of $6.6 billion-$6.6 billion, compared to the consensus revenue estimate of $6.6 billion.

What is Dr. Aart J. de Geus and Dr. Chi-Foon Chan's approval rating as Synopsys' CEO?

1,170 employees have rated Synopsys Chief Executive Officer Dr. Aart J. de Geus and Dr. Chi-Foon Chan on Glassdoor.com. Dr. Aart J. de Geus and Dr. Chi-Foon Chan has an approval rating of 95% among the company's employees. This puts Dr. Aart J. de Geus and Dr. Chi-Foon Chan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Synopsys own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Synopsys investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Advanced Micro Devices (AMD), Adobe (ADBE), Tesla (TSLA), Netflix (NFLX) and Micron Technology (MU).

Who are Synopsys' major shareholders?

Synopsys' stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.48%), Global Assets Advisory LLC (0.32%), Congress Asset Management Co. MA (0.18%), Los Angeles Capital Management LLC (0.15%), Fifth Third Bancorp (0.14%) and Raymond James & Associates (0.11%). Insiders that own company stock include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Marc N Casper, Mercedes Johnson, Richard S Mahoney, Roy Vallee, Sassine Ghazi, Sudhindra Kankanwadi and Trac Pham.
View institutional ownership trends
.

How do I buy shares of Synopsys?

Shares of SNPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Synopsys have any subsidiaries?
The following companies are subsidiares of Synopsys: Accelerant Networks, Advanced Test Technology Inc., Analog Design Automation, Arcad SA, ArchPro Design Automation, Avant! Corp., Black Duck Software, Black Duck Software Inc., Cadis GmbH, Cascade Semiconductor Solutions, Chipidea Microelectrónica, Cigital, CiraNova, Co-Design Automation, CoWare, Codenomicon, Codiscope, Compiled Designs GmbH, Conversant Intellectual Property Management, Coverity, Coverity LLC, EPIC Design Technology, Elliptic Technologies, Emulation and Verification Engineering, Everest Design Automation, ExperTest, ExpertIO, Extreme DA, Forcheck, Gambit Automated Design, Gemini Design Technology, Goanna Software, Gold Standard Simulations, HPL Technologies Inc., InnoLogic Systems, Integrated Systems Engineering, Kilopass Technology, LEDA Systems, Leda SA, Logic Modeling Corporation, Magma Design Automation, MoSys Inc., Monterey Design Systems, Moortec Semiconductor, Nassda, Nihon Synopsys G.K., Numerical Technologies Inc., Nusym Technology, Optical Research Associates, PhoeniX Software, Pro Design Electronic - CHIPit, Progressant Technologies, Protecode, QTronic GmbH, QuantumWise, RSoft Design Group, Radiant Design Tools, SIGMA-C Software AG, SNPS Ireland New Limited, Sandwork Design Inc., Sidense, Silicon Architects, Simpleware, Smartech Oy, SpringSoft, Stanza Systems, Synfora, Synopsys (India) Private Limited, Synopsys Emulation and Verification S.A.S., Synopsys Global Kft., Synopsys International Limited, Synopsys International Old Unlimited Company, Synopsys International Services Inc., Synopsys Ireland New Limited, Synopsys Ireland Unlimited Company, Synopsys Korea Inc., Synopsys Netherlands B.V., Synopsys Taiwan Co. Ltd., Synopsys Technologies Company Limited, Synopsys Technologies Holding LLC, Synopsys USIE Holdings LLC, Synplicity Inc, Systems Science, Target Compiler Technologies, Terrain EDA, Tinfoil Security, TriCN Associates, VaST Systems Technology, Viewlogic Systems, Virage Logic Corporation, Virtio, WinterLogic, ZEROSOFT, inSilicon Corp., and nSys Design Systems.
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This page (NASDAQ:SNPS) was last updated on 4/25/2024 by MarketBeat.com Staff

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