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Synopsys (SNPS) Stock Price, News & Analysis

$546.38
+7.66 (+1.42%)
(As of 07/26/2024 ET)
Today's Range
$543.91
$555.42
50-Day Range
$538.72
$621.30
52-Week Range
$418.51
$629.38
Volume
677,533 shs
Average Volume
1.06 million shs
Market Capitalization
$83.72 billion
P/E Ratio
59.39
Dividend Yield
N/A
Price Target
$627.18

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.8% Upside
$627.18 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.63mentions of Synopsys in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$49.36 M Sold Last Quarter
Proj. Earnings Growth
19.77%
From $9.66 to $11.57 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.

4.80 out of 5 stars

Computer And Technology Sector

55th out of 612 stocks

Prepackaged Software Industry

15th out of 202 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

semiconductor chip manufacturing
Semiconductor Stock Giant Beats on EPS, Faces Large Backlog (SNPS)
Cadence Systems beat earnings per share expectations but provided a guidance downgrade. It should ramp up manufacturing to meet hardware demand.
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
AI chip semiconductor
Arm Holdings Stock Soars: Powering the Edge AI Revolution with v9 (SNPS)
U.K. based semiconductor company Arm Holdings plc (NASDAQ: ARM) stock is up 141% year-to-date (YTD). The artificial intelligence (AI) revolution
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
SNPS Aug 2024 670.000 put (SNPS240816P00670000)
See More Headlines
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Company Calendar

Last Earnings
5/22/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/21/2024
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
$627.18
High Stock Price Target
$690.00
Low Stock Price Target
$550.00
Potential Upside/Downside
+14.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
24.76%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$10.19 per share
Book Value
$40.46 per share

Miscellaneous

Free Float
152,205,000
Market Cap
$84.31 billion
Optionable
Optionable
Beta
1.07

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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. has a strong track record of consistently meeting or exceeding earnings per share (EPS) estimates, indicating financial stability and growth potential.
  • The company has a high percentage of institutional ownership, with hedge funds and other institutional investors holding a significant portion of the company's stock, which can be seen as a vote of confidence in the company's future prospects.
  • Recent analyst reports have reiterated buy ratings on Synopsys, with target prices well above the current stock price, suggesting potential for stock price appreciation.
  • Synopsys operates in the electronic design automation software industry, which is a critical sector for semiconductor companies, providing essential tools for designing and testing integrated circuits.
  • Despite missing earnings estimates in the latest quarter, Synopsys has shown consistent revenue growth, indicating a strong business model and market demand for its products and services.

Cons

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

  • The stock price of Synopsys, Inc. has a high price-to-earnings (P/E) ratio of 64.15, which may indicate that the stock is currently overvalued compared to its earnings potential.
  • While the company has shown revenue growth, the recent earnings miss could be a cause for concern regarding the company's ability to maintain consistent profitability.
  • Competition in the electronic design automation software industry is intense, with other major players vying for market share, potentially impacting Synopsys' growth and profitability.
  • The company's beta of 1.08 indicates that the stock price is moderately correlated with market movements, which may lead to increased volatility and risk for investors.
  • Investors should consider the company's P/E ratio, P/E/G ratio of 3.78, and market capitalization of $90.43 billion when evaluating the investment opportunity in Synopsys, Inc.
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 Tuesday, July 2, 2024. Please send any questions or comments about these Synopsys pros and cons to contact@marketbeat.com.

SNPS Stock Analysis - Frequently Asked Questions

How have SNPS shares performed this year?

Synopsys' stock was trading at $514.91 at the beginning of 2024. Since then, SNPS stock has increased by 6.1% and is now trading at $546.38.
View the best growth stocks for 2024 here
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) released its earnings results on Wednesday, May, 22nd. The semiconductor company reported $3.00 EPS for the quarter, missing the consensus estimate of $3.03 by $0.03. The business's quarterly revenue was up 15.2% compared to the same quarter last year.
Read the conference call transcript
.

Is Synopsys buying back stock?

Synopsys' board initiated a share repurchase plan on Thursday, September 1st 2022, which permits the company to repurchase $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

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.

Does Synopsys have any subsidiaries?

Synopsys subsidiaries include these companies: Moortec Semiconductor, Terrain EDA, Tinfoil Security, QTronic GmbH, PhoeniX Software, Kilopass Technology, Black Duck Software, and more.

Who are Synopsys' major shareholders?

Top institutional investors of Synopsys include Swedbank AB (1.22%), Bank of New York Mellon Corp (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.45%) and Ninety One UK Ltd (0.36%). Insiders that own company stock include Geus Aart De, Joseph W Logan, Sassine Ghazi, Trac Pham, Chrysostomos L Nikias, John F Runkel Jr, Roy Vallee, Sudhindra Kankanwadi, Marc N Casper, Richard S Mahoney, Mercedes Johnson and Chi-Foon Chan.
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.

What other stocks do shareholders of Synopsys own?

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

This page (NASDAQ:SNPS) was last updated on 7/26/2024 by MarketBeat.com Staff

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