Synopsys (SNPS) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SNPS shares.
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11 Wall Street analysts have issued 1 year target prices for Synopsys' shares. Their SNPS share price forecasts range from $400.00 to $467.00. On average, they expect the company's stock price to reach $434.70 in the next year. This suggests that the stock has a possible downside of 4.4%.
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Synopsys' stock was trading at $319.29 at the beginning of the year. Since then, SNPS shares have increased by 42.4% and is now trading at $454.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
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Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings results on Wednesday, May, 17th. The semiconductor company reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.07. The semiconductor company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.38 billion. Synopsys had a trailing twelve-month return on equity of 16.29% and a net margin of 17.41%. The firm's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS.
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ETFs with the largest weight of Synopsys (NASDAQ:SNPS) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Invesco Dynamic Software ETF (PSJ), Franklin Intelligent Machines ETF (IQM), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco Focused Discovery Growth ETF (IVDG), BlackRock Future Tech ETF (BTEK), VanEck Semiconductor ETF (SMH) and iShares Expanded Tech-Software Sector ETF (IGV).

Synopsys declared that its Board of Directors has authorized a share buyback program on Thursday, September 1st 2022, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Synopsys updated its FY23 earnings guidance on Wednesday, May, 17th. The company provided earnings per share (EPS) guidance of $10.77-$10.84 for the period, compared to the consensus earnings per share estimate of $10.58. The company issued revenue guidance of $5.79-$5.83 billion, compared to the consensus revenue estimate of $5.80 billion.

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.

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).

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

Synopsys' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.36%), State Street Corp (4.27%), Price T Rowe Associates Inc. MD (3.70%), JPMorgan Chase & Co. (3.07%), Franklin Resources Inc. (2.42%) and FMR LLC (2.26%). Insiders that own company stock include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, Roy Vallee, Sassine Ghazi, Steven Walske, Sudhindra Kankanwadi and Trac Pham.
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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.
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One share of SNPS stock can currently be purchased for approximately $454.55.

Synopsys (NASDAQ:SNPS) has a market capitalization of $69.18 billion and generates $5.29 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $5.93 on an earnings per share basis.

The company employs 19,000 workers across the globe.

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.