Should I buy or sell Synopsys stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 11 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?

11 equities research analysts have issued twelve-month price targets for Synopsys' stock. Their SNPS share price targets range from $500.00 to $660.00. On average, they anticipate the company's share price to reach $575.60 in the next year. This suggests a possible upside of 9.1% 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 stock has increased by 65.2% and is now trading at $527.49. View the best growth stocks for 2023 here .

Are investors shorting Synopsys?

Synopsys saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,910,000 shares, an increase of 17.9% from the October 31st total of 1,620,000 shares. Based on an average daily trading volume, of 769,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.3% of the shares of the stock are sold short. View Synopsys' Short Interest .

When is Synopsys' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our SNPS earnings forecast .

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings results on Wednesday, November, 29th. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.04 by $0.13. The semiconductor company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Synopsys had a trailing twelve-month return on equity of 20.85% and a net margin of 21.05%. Synopsys's quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 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 announced that its Board of Directors has approved a share repurchase program on Thursday, September 1st 2022, which permits the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

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

Synopsys updated its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share guidance of $13.33-13.41 for the period, compared to the consensus estimate of $12.68. The company issued revenue guidance of $6.57-6.63 billion, compared to the consensus revenue estimate of $6.59 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (2.65%), Invesco Ltd. (1.62%), Massachusetts Financial Services Co. MA (1.59%), Ameriprise Financial Inc. (1.34%), Northern Trust Corp (1.11%) and Morgan Stanley (0.90%). 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 , Richard S Mahoney , Roy Vallee , Sassine Ghazi , Steven Walske , 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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

Top-Rated StocksTop-Rated

Synopsys Stock Price, News & Analysis (NASDAQ:SNPS)

$527.49

-8.22 (-1.53%)

(As of 12/6/2023 ET)

Compare

Today's Range: $526.50
▼
$540.19
50-Day Range: $450.72
▼
$552.46
52-Week Range: $312.25
▼
$564.78

Volume: 687,986 shs
Average Volume: 846,949 shs
Market Capitalization: $80.23 billion

P/E Ratio: 66.43
Dividend Yield: N/A
Price Target: $575.60

Synopsys MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 9.1% Upside
$575.60 Price Target
Short Interest: Healthy
1.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.38
Upright™ Environmental Score
News Sentiment: 0.75
Based on 29 Articles This Week
Insider Trading: Selling Shares
$4.76 M Sold Last Quarter
Proj. Earnings Growth: 19.07%
From $8.81 to $10.49 Per Share

Overall MarketRank^™

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

2.60 out of 5 stars

Computer And Technology Sector

92nd out of 594 stocks

Prepackaged Software Industry

16th out of 175 stocks

2.5

Analyst's Opinion

Consensus Rating
Synopsys has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $575.60, Synopsys has a forecasted upside of 9.1% from its current price of $527.49.
Amount of Analyst Coverage
Synopsys has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.26% of the float of Synopsys has been sold short.
Short Interest Ratio / Days to Cover
Synopsys has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Synopsys has recently increased by 17.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Synopsys does not currently pay a dividend.
Dividend Growth
Synopsys does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Synopsys has received a 28.06% net impact score from Upright. Synopsys seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Engineering simulation software", "Electronics prototyping services", and "Software defect tracking software" products. See details.
Environmental Sustainability
The Environmental Impact score for Synopsys is -1.38.

3.7

News and Social Media Coverage

News Sentiment
Synopsys has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for Synopsys this week, compared to 8 articles on an average week.
Search Interest
58 people have searched for SNPS on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
MarketBeat Follows
28 people have added Synopsys to their MarketBeat watchlist in the last 30 days. This is an increase of 65% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synopsys insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,755,888.00 in company stock.
Percentage Held by Insiders
Only 0.69% of the stock of Synopsys is held by insiders.
Percentage Held by Institutions
84.12% of the stock of Synopsys is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Synopsys are expected to grow by 19.07% in the coming year, from $8.81 to $10.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synopsys is 66.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synopsys is 66.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 232.03.
Price to Earnings Growth Ratio
Synopsys has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Synopsys has a P/B Ratio of 13.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Synopsys Stock (NASDAQ:SNPS)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SNPS Stock News Headlines

December 5, 2023 | finance.yahoo.com

BSIMM14 Report: Application Security Automation Soars

December 5, 2023 | americanbankingnews.com

Synopsys, Inc. (NASDAQ:SNPS) Given Consensus Rating of "Buy" by Analysts

December 7, 2023 | DTI Trader (Ad)

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December 3, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) PT Raised to $570.00 at Rosenblatt Securities

December 1, 2023 | finance.yahoo.com

Synopsys, Inc. (NASDAQ:SNPS) Q4 2023 Earnings Call Transcript

December 1, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Price Target Increased to $620.00 by Analysts at Wells Fargo & Company

December 1, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Given New $660.00 Price Target at Needham & Company LLC

November 30, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Salesforce (CRM), Synopsys (SNPS) and nCino (NCNO)

December 7, 2023 | Edge On The Street (Ad)

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November 30, 2023 | finance.yahoo.com

Stock Market Today: Dow wraps up strong November with swashbuckling 520-point gain

November 30, 2023 | finance.yahoo.com

These Stocks Moved the Most Today: Salesforce, Snowflake, Pure Storage, Immunogen, Tesla, Ford, Snap, and More

November 30, 2023 | finance.yahoo.com

AI chip spending beyond Nvidia: How Synopsys is benefiting

November 30, 2023 | finance.yahoo.com

Synopsys Q4 results top estimates amid AI-led demand boost

November 30, 2023 | markets.businessinsider.com

Synopsys Hits Record Backlog In Q4, Analysts Elevate Price Targets Citing Fundamental Strength

November 30, 2023 | finance.yahoo.com

Synopsys (SNPS) Q4 Earnings and Revenues Top Estimates, Up Y/Y

November 30, 2023 | msn.com

Synopsys Stock (NASDAQ:SNPS) Hits New 52-Week High on Upbeat Q4 Results

November 29, 2023 | msn.com

Compared to Estimates, Synopsys (SNPS) Q4 Earnings: A Look at Key Metrics

November 29, 2023 | seekingalpha.com

Synopsys: Generative AI Stock Is Rising, But There's A Problem

November 29, 2023 | chron.com

Synopsys: Fiscal Q4 Earnings Snapshot

November 29, 2023 | markets.businessinsider.com

Synopsys, Inc. Q4 Profit Increases, beats estimates