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Synopsys (SNPS) Stock Price, News & Analysis

$573.52
+0.17 (+0.03%)
(As of 12:22 PM ET)
Today's Range
$570.00
$577.00
50-Day Range
$494.34
$602.01
52-Week Range
$360.36
$629.38
Volume
227,585 shs
Average Volume
1.32 million shs
Market Capitalization
$87.48 billion
P/E Ratio
63.16
Dividend Yield
N/A
Price Target
$594.60

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
3.7% Upside
$594.60 Price Target
Short Interest
Healthy
2.09% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.77mentions of Synopsys in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$19.87 M Sold Last Quarter
Proj. Earnings Growth
19.58%
From $10.06 to $12.03 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.

4.53 out of 5 stars

Computer And Technology Sector

85th out of 587 stocks

Prepackaged Software Industry

25th out of 198 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

The 3 Best Tech Stocks to Buy in Q2 2024
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Synopsys Announces New AI-Driven Solutions
3 Wide-Moat Stocks That Could Triple By 2030
The AI Defense Stock Set to Soar
To protect our interests, The Pentagon has partnered with this small AI defense contractor - creating some of the most powerful AI defenses ever made.
Deep Dive Into Synopsys Stock: Analyst Perspectives (7 Ratings)
Synopsys Sees AI Driving Expanded Growth
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
3/28/2024
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
$594.60
High Stock Price Target
$660.00
Low Stock Price Target
$500.00
Potential Upside/Downside
+3.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
24.27%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$10.06 per share
Book Value
$43.76 per share

Miscellaneous

Free Float
151,537,000
Market Cap
$87.46 billion
Optionable
Optionable
Beta
1.07

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Should I Buy Synopsys Stock? SNPS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Synopsys was last updated on Monday, March 25, 2024 at 11:47 AM.

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 sectors.
  • 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, catering to different needs in the market.
  • Synopsys provides services that enable customers to detect and remediate security vulnerabilities and defects in the software development lifecycle, which is crucial in today's digital landscape.
  • The company offers a range of professional services, training, and managed services, enhancing customer support and ensuring a comprehensive approach to software design and testing.
  • Recent financial reports indicate a positive trend in the company's performance, with a steady increase in revenue and profitability, making it an attractive investment option.

Cons

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

  • Market volatility and competition in the electronic design automation software industry may pose challenges to Synopsys' growth and market share.
  • Dependency on the semiconductor industry's performance and technological advancements could impact Synopsys' revenue and profitability in the long term.
  • Regulatory changes or shifts in industry standards may require significant investments in research and development to stay competitive, affecting the company's bottom line.
  • Fluctuations in global economic conditions and geopolitical factors could influence customer spending patterns, impacting Synopsys' sales and revenue streams.
  • The current stock price of Synopsys, Inc. should be carefully evaluated by investors to ensure it aligns with their investment goals and risk tolerance levels.

SNPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 9 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?

9 analysts have issued 12 month target prices for Synopsys' stock. Their SNPS share price targets range from $500.00 to $660.00. On average, they expect the company's share price to reach $594.60 in the next twelve months. This suggests a possible upside of 3.7% 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 beginning of the year. Since then, SNPS shares have increased by 11.4% and is now trading at $573.52.
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 15th 2024.
View our SNPS earnings forecast
.

How were Synopsys' earnings last quarter?

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

How will Synopsys' stock buyback program work?

Synopsys announced that its board has approved a stock buyback program on Thursday, September 1st 2022, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

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

Synopsys updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided 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 investors include Vanguard Group Inc. (8.92%), Vanguard Group Inc. (8.88%), Capital World Investors (4.31%), Price T Rowe Associates Inc. MD (2.52%), Franklin Resources Inc. (2.13%) and Massachusetts Financial Services Co. MA (1.69%). 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 3/28/2024 by MarketBeat.com Staff

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