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Top-Rated StocksTop-Rated
NASDAQ:SNPS

Synopsys (SNPS) Stock Forecast, Price & News

$458.42
-0.55 (-0.12%)
(As of 10:39 AM ET)
Compare
Today's Range
$456.76
▼
$465.26
50-Day Range
$424.10
▼
$466.86
52-Week Range
$267.00
▼
$471.94
Volume
141,077 shs
Average Volume
850,442 shs
Market Capitalization
$69.73 billion
P/E Ratio
68.73
Dividend Yield
N/A
Price Target
$475.60
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Synopsys MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
3.6% Upside
$475.60 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.60mentions of Synopsys in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$4.63 M Sold Last Quarter
Proj. Earnings Growth
11.44%
From $7.87 to $8.77 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Computer And Technology Sector

257th out of 609 stocks

Prepackaged Software Industry

78th out of 210 stocks

See Top Rated MarketRank™ Stocks Here

SNPS stock logo

About Synopsys (NASDAQ:SNPS) Stock

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. 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 a series of tools used in the design of optical systems and photonic devices. Further, it provides security testing, 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. The company serves electronics, financial services, automotive, medicine, energy, and industrial areas. It has a strategic partnership with Intel Corporation to develop EDA and IP solutions. Synopsys, Inc. was incorporated in 1986 and is headquartered in Mountain View, California.

SNPS Price History

SNPS Stock News Headlines

September 26, 2023 | marketbeat.com
3 Reasons Unity Software Is Ready to Rally 38% (SNPS)
Unity Software nabbed a "buy" upgrade from Bank of America, shedding light on the software developer's untapped potential. Analysts expect EPS to grow by 79%.
October 2, 2023 | finance.yahoo.com
Cadence (CDNS) Unveils Enhanced System Prototyping Flows
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
October 2, 2023 | americanbankingnews.com
HSBC Begins Coverage on Synopsys (NASDAQ:SNPS)
October 1, 2023 | americanbankingnews.com
Synopsys (NASDAQ:SNPS) Hits New 52-Week High at $471.94
October 1, 2023 | americanbankingnews.com
HSBC Initiates Coverage on Synopsys (NASDAQ:SNPS)
September 29, 2023 | markets.businessinsider.com
Analyst Ratings for Synopsys
September 29, 2023 | finance.yahoo.com
Why Is Salesforce.com (CRM) Down 8.3% Since Last Earnings Report?
October 2, 2023 | PressReach (Ad)
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
September 28, 2023 | markets.businessinsider.com
Synopsys Appoints Ann Minooka as Chief Marketing Officer
September 28, 2023 | seekingalpha.com
Synopsys: Pioneering AI Trends With A Reasonable Valuation
September 27, 2023 | finance.yahoo.com
Synopsys and TSMC Streamline Multi-Die System Complexity with Unified Exploration-to-Signoff Platform and Proven UCIe IP on TSMC N3E Process
September 27, 2023 | finance.yahoo.com
Synopsys (SNPS) Unveils Automotive-Grade IP for N5A Process
September 27, 2023 | finance.yahoo.com
Keysight, Synopsys, and Ansys Accelerate RFIC Semiconductor Design with New Reference Flow for TSMC’s Advanced 4nm RF FinFET Process
September 26, 2023 | finance.yahoo.com
Interested in Arm Holdings? These 2 Chip Stocks Are Growing Even Faster and Are More Reasonably Valued.
September 25, 2023 | tmcnet.com
Synopsys and TSMC Collaborate to Accelerate 2nm Innovation for Advanced SoC Design with Certified Digital and Analog Design Flows
September 25, 2023 | msn.com
Keysight (KEYS), Synopsys Team Up for loT Cybersecurity Testing
September 25, 2023 | finance.yahoo.com
Dow Jones Futures: Market Correction Smashing Leaders; Is Tesla The Next To Crack?
September 24, 2023 | finance.yahoo.com
Dow Jones Futures Loom: Market Correction Smashing Leaders; Is Tesla The Next To Crack?
September 22, 2023 | finance.yahoo.com
Autodesk (ADSK) Down 2.2% Since Last Earnings Report: Can It Rebound?
September 21, 2023 | businesswire.com
Keysight and Synopsys Partner for IoT Device Cybersecurity
September 19, 2023 | finance.yahoo.com
Synopsys (SNPS) Just Flashed Golden Cross Signal: Do You Buy?
September 19, 2023 | finance.yahoo.com
Synopsys (SNPS) Unveils IP Compatible With Intel's PCIe 6.0
September 19, 2023 | finance.yahoo.com
Synopsys Aims to Advance IC Design Workforce in Vietnam
September 18, 2023 | finance.yahoo.com
Unveiling Synopsys (SNPS)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 18, 2023 | finance.yahoo.com
Semiconductor R&D Spending By Country: Top 12
September 15, 2023 | finance.yahoo.com
Synopsys (SNPS) Up 9.9% Since Last Earnings Report: Can It Continue?
See More Headlines
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SNPS Company Calendar

Last Earnings
8/16/2023
Today
10/02/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
11/29/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
Application Software
Sector
Computer and Technology
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
CIK
883241
Web
www.synopsys.com
Phone
(650) 584-5000
Fax
650-965-8637
Employees
19,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$475.60
High Stock Price Forecast
$551.00
Low Stock Price Forecast
$400.00
Forecasted Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.67
Trailing P/E Ratio
68.81
Forward P/E Ratio
58.32
P/E Growth
3.56
Net Income
$984.59 million
Net Margins
18.71%
Pretax Margin
19.98%
Return on Equity
18.01%
Return on Assets
10.69%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.20
Quick Ratio
1.09

Sales & Book Value

Annual Sales
$5.53 billion
Price / Sales
12.63
Cash Flow
$8.41 per share
Price / Cash Flow
54.57
Book Value
$39.21 per share
Price / Book
11.71

Miscellaneous

Outstanding Shares
152,100,000
Free Float
151,051,000
Market Cap
$69.81 billion
Optionable
Optionable
Beta
1.11

Social Links

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Key Executives

  • Dr. Aart J. de Geus (Age 69)
    Co-Founder, Chairman & CEO
    Comp: $3.14M
  • Mr. Sassine GhaziMr. Sassine Ghazi (Age 53)
    Pres, COO & Director
    Comp: $2.5M
  • Mr. John F. Runkel Jr. (Age 67)
    Gen. Counsel & Corp. Sec.
    Comp: $956.55k
  • Ms. Shelagh Glaser (Age 59)
    Chief Financial Officer
  • Mr. Sudhindra Kankanwadi (Age 52)
    Sr. VP of Fin., Chief Accounting Officer & Corp. Controller
  • Mr. Sriram Sitaraman
    Sr. VP & Chief Information Officer
  • Ms. Ann Minooka
    Chief Marketing Officer
  • Ms. Jill Larsen (Age 49)
    Chief People Officer
  • Ms. Deirdre R. Hanford (Age 60)
    Chief Security Officer
  • Mr. John Koeter
    Sr. VP of Marketing and Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SNPS Stock - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SNPS shares.
View SNPS analyst ratings or view top-rated stocks.

What is Synopsys' stock price forecast for 2023?

11 equities research analysts have issued 12-month price targets for Synopsys' stock. Their SNPS share price forecasts range from $400.00 to $551.00. On average, they expect the company's stock price to reach $475.60 in the next twelve months. This suggests a possible upside of 3.6% 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 2023?

Synopsys' stock was trading at $319.29 on January 1st, 2023. Since then, SNPS shares have increased by 43.7% and is now trading at $458.97.
View the best growth stocks for 2023 here.

Are investors shorting Synopsys?

Synopsys saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,600,000 shares, an increase of 32.2% from the August 31st total of 1,210,000 shares. Based on an average daily trading volume, of 780,500 shares, the short-interest ratio is currently 2.0 days. Approximately 1.1% of the shares of the stock are short sold.
View Synopsys' Short Interest.

When is Synopsys' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SNPS earnings forecast.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) posted its quarterly earnings results on Wednesday, August, 16th. The semiconductor company reported $2.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $0.14. The semiconductor company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Synopsys had a trailing twelve-month return on equity of 18.01% and a net margin of 18.71%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS.
Read the conference call transcript.

What ETFs hold Synopsys' stock?

ETFs with the largest weight of Synopsys (NASDAQ:SNPS) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Mohr Growth ETF (MOHR), Franklin Intelligent Machines ETF (IQM), BlackRock Future Tech ETF (BTEK), Invesco Focused Discovery Growth ETF (IVDG), Columbia Seligman Semiconductor and Technology ETF (SEMI) and VanEck Semiconductor ETF (SMH).

How will Synopsys' stock buyback program work?

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

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

Synopsys updated its FY23 earnings guidance on Wednesday, August, 16th. The company provided earnings per share (EPS) guidance of $11.04-11.09 for the period, compared to the consensus estimate of $10.82. The company issued revenue guidance of $5.81-5.84 billion, compared to the consensus revenue estimate of $5.82 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).

What is Synopsys' stock symbol?

Synopsys trades on the NASDAQ under the ticker symbol "SNPS."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Synopsys' stock price today?

One share of SNPS stock can currently be purchased for approximately $458.97.

How much money does Synopsys make?

Synopsys (NASDAQ:SNPS) has a market capitalization of $69.81 billion and generates $5.53 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $6.67 on an earnings per share basis.

How many employees does Synopsys have?

The company employs 19,000 workers across the globe.

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
How can I contact Synopsys?

Synopsys' mailing address is 690 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The official website for the company is www.synopsys.com. The semiconductor company can be reached via phone at (650) 584-5000, via email at synopsys-ir@synopsys.com, or via fax at 650-965-8637.

This page (NASDAQ:SNPS) was last updated on 10/2/2023 by MarketBeat.com Staff

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