S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.90 (-0.46%)
AAPL   167.06 (-0.56%)
MSFT   405.16 (-1.62%)
META   501.81 (+1.55%)
GOOGL   156.45 (+0.63%)
AMZN   179.42 (-1.03%)
TSLA   150.63 (-3.10%)
NVDA   847.33 (+0.83%)
AMD   154.68 (+0.43%)
NIO   4.02 (+2.81%)
BABA   68.94 (+0.17%)
T   16.28 (+0.99%)
F   12.04 (+0.00%)
MU   112.27 (-3.49%)
GE   153.93 (-1.12%)
CGC   8.01 (+23.42%)
DIS   112.88 (-0.05%)
AMC   2.92 (-2.01%)
PFE   25.37 (-0.20%)
PYPL   62.25 (-1.60%)
XOM   118.52 (-0.09%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.90 (-0.46%)
AAPL   167.06 (-0.56%)
MSFT   405.16 (-1.62%)
META   501.81 (+1.55%)
GOOGL   156.45 (+0.63%)
AMZN   179.42 (-1.03%)
TSLA   150.63 (-3.10%)
NVDA   847.33 (+0.83%)
AMD   154.68 (+0.43%)
NIO   4.02 (+2.81%)
BABA   68.94 (+0.17%)
T   16.28 (+0.99%)
F   12.04 (+0.00%)
MU   112.27 (-3.49%)
GE   153.93 (-1.12%)
CGC   8.01 (+23.42%)
DIS   112.88 (-0.05%)
AMC   2.92 (-2.01%)
PFE   25.37 (-0.20%)
PYPL   62.25 (-1.60%)
XOM   118.52 (-0.09%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.90 (-0.46%)
AAPL   167.06 (-0.56%)
MSFT   405.16 (-1.62%)
META   501.81 (+1.55%)
GOOGL   156.45 (+0.63%)
AMZN   179.42 (-1.03%)
TSLA   150.63 (-3.10%)
NVDA   847.33 (+0.83%)
AMD   154.68 (+0.43%)
NIO   4.02 (+2.81%)
BABA   68.94 (+0.17%)
T   16.28 (+0.99%)
F   12.04 (+0.00%)
MU   112.27 (-3.49%)
GE   153.93 (-1.12%)
CGC   8.01 (+23.42%)
DIS   112.88 (-0.05%)
AMC   2.92 (-2.01%)
PFE   25.37 (-0.20%)
PYPL   62.25 (-1.60%)
XOM   118.52 (-0.09%)
S&P 500   5,020.26 (-0.04%)
DOW   37,842.79 (+0.24%)
QQQ   423.90 (-0.46%)
AAPL   167.06 (-0.56%)
MSFT   405.16 (-1.62%)
META   501.81 (+1.55%)
GOOGL   156.45 (+0.63%)
AMZN   179.42 (-1.03%)
TSLA   150.63 (-3.10%)
NVDA   847.33 (+0.83%)
AMD   154.68 (+0.43%)
NIO   4.02 (+2.81%)
BABA   68.94 (+0.17%)
T   16.28 (+0.99%)
F   12.04 (+0.00%)
MU   112.27 (-3.49%)
GE   153.93 (-1.12%)
CGC   8.01 (+23.42%)
DIS   112.88 (-0.05%)
AMC   2.92 (-2.01%)
PFE   25.37 (-0.20%)
PYPL   62.25 (-1.60%)
XOM   118.52 (-0.09%)

Synopsys (SNPS) Stock Price, News & Analysis

$519.96
-7.62 (-1.44%)
(As of 03:27 PM ET)
Today's Range
$517.06
$530.00
50-Day Range
$527.58
$602.01
52-Week Range
$360.36
$629.38
Volume
826,088 shs
Average Volume
1.24 million shs
Market Capitalization
$79.29 billion
P/E Ratio
57.26
Dividend Yield
N/A
Price Target
$601.00

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.6% 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
1.20mentions of Synopsys in the last 14 days
Based on 12 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.

4.42 out of 5 stars

Computer And Technology Sector

93rd out of 586 stocks

Prepackaged Software Industry

23rd out of 191 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

Nvidia Has a BIG Problem — Here’s Who Benefits MOST
#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
SNPS Quantitative Stock Analysis
Nvidia Has a BIG Problem — Here’s Who Benefits MOST
#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
3 AI Stocks to Buy for Long-Term Growth in Q2 2024
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
Receive SNPS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Synopsys and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/21/2024
Today
4/18/2024
Next Earnings (Estimated)
5/15/2024
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
+15.7%
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
$9.84 per share
Book Value
$40.46 per share

Miscellaneous

Free Float
151,494,000
Market Cap
$79.18 billion
Optionable
Optionable
Beta
1.06

Social Links

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Should I Buy Synopsys Stock? SNPS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Synopsys, Inc.:

  • Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits, catering to a wide range of industries such as electronics, financial services, automotive, medicine, energy, and industrial areas.
  • The company offers a variety of solutions including Digital and Custom IC Design, Verification, FPGA design products, intellectual property solutions for various applications, and security IP solutions.
  • Synopsys, Inc. operates in three segments: Design Automation, Design IP, and Software Integrity, providing a diversified portfolio of products and services.
  • The company's focus on security and quality testing products, managed services, and professional services can help customers detect and remediate security vulnerabilities and defects in the software development lifecycle.
  • With a strong presence in the prepackaged software industry, Synopsys, Inc. has established itself as a key player in the application software subindustry, showcasing stability and growth potential.

Cons

Investors should be bearish about investing in Synopsys, Inc. for these reasons:

  • Market volatility and fluctuations in the technology sector can impact the stock price of Synopsys, Inc., potentially leading to short-term losses for investors.
  • Competition in the electronic design automation software industry is intense, with other players constantly innovating and introducing new products, posing a challenge to Synopsys, Inc.'s market position.
  • Changes in regulations or industry standards related to electronic design automation could affect the demand for Synopsys, Inc.'s products and services, impacting the company's revenue and profitability.
  • Investing in Synopsys, Inc. involves risks associated with the performance of the overall stock market, economic conditions, and geopolitical factors that may influence the company's financial performance.
  • Fluctuations in currency exchange rates, particularly for a company like Synopsys, Inc. that operates globally, can impact its financial results and shareholder returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Synopsys pros and cons to contact@marketbeat.com.

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 Wall Street research analysts have issued 12-month target prices for Synopsys' stock. Their SNPS share price targets range from $500.00 to $665.00. On average, they expect the company's stock price to reach $601.00 in the next year. This suggests a possible upside of 15.6% 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 on January 1st, 2024. Since then, SNPS shares have increased by 1.0% and is now trading at $519.84.
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 15th 2024.
View our SNPS earnings forecast
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) posted its earnings results on Wednesday, February, 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.13. The semiconductor company earned $1.65 billion during the quarter, compared to analysts' expectations of $1.65 billion. Synopsys had a net margin of 22.96% and a trailing twelve-month return on equity of 22.88%. The company's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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 initiated a stock repurchase 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 generally an indication that the company's board believes its stock is 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 EPS 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 a number of retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.32%), Congress Asset Management Co. MA (0.18%), Los Angeles Capital Management LLC (0.15%), Perpetual Ltd (0.10%), Congress Wealth Management LLC DE (0.02%) and Wealth Enhancement Advisory Services LLC (0.02%). 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.
Read More
This page (NASDAQ:SNPS) was last updated on 4/18/2024 by MarketBeat.com Staff

From Our Partners