S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
South Korea takes steps to suspend licenses of striking doctors after they refuse to end walkouts
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
South Korea takes steps to suspend licenses of striking doctors after they refuse to end walkouts
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
South Korea takes steps to suspend licenses of striking doctors after they refuse to end walkouts
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
The former chairman of the state-owned Bank of Beijing is being investigated for alleged corruption
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
Arkhouse and Brigade up Macy's takeover offer to $6.6 billion following rejection of previous deal
Critical asset just had biggest fall on record (Ad)
OPEC+ production cuts deepen with extensions from Saudi Arabia, Russia and other oil giants
South Korea takes steps to suspend licenses of striking doctors after they refuse to end walkouts

Synopsys (SNPS) Stock Price, News & Analysis

$591.35
+17.62 (+3.07%)
(As of 03/1/2024 ET)
Today's Range
$572.56
$592.90
50-Day Range
$484.81
$591.35
52-Week Range
$350.58
$629.38
Volume
962,818 shs
Average Volume
1.16 million shs
Market Capitalization
$90.20 billion
P/E Ratio
65.13
Dividend Yield
N/A
Price Target
$594.60

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
0.5% Upside
$594.60 Price Target
Short Interest
Healthy
2.19% 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 26 Articles This Week
Insider Trading
Selling Shares
$19.87 M Sold Last Quarter
Proj. Earnings Growth
18.76%
From $10.13 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.

4.08 out of 5 stars

Computer And Technology Sector

162nd out of 598 stocks

Prepackaged Software Industry

47th out of 204 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

Wall Street is surprisingly most bullish on these 3 Nasdaq stocks (SNPS)
Analysts are gradually shifting toward underperforming, less prominent names to find the next big thing - including these three current Wall Street faves
Wall Street is surprisingly most bullish on these 3 Nasdaq stocks
NVIDIA is the best example. After soaring 239% last year, the semiconductor leader is up almost 50% year-to-date.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Synopsys (NASDAQ:SNPS) Stock Rating Upgraded by StockNews.com
SNPS Factor-Based Stock Analysis
SNPS Jan 2025 780.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
SNPS Jun 2025 250.000 call
SNPS Dec 2024 780.000 put
Synopsys (SNPS): New Buy Recommendation for This Technology Giant
Synopsys (NASDAQ:SNPS) Downgraded by StockNews.com to Hold
Synopsys (NASDAQ:SNPS) PT Raised to $640.00
Company News for Feb 23, 2024
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
3/03/2024
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
+0.5%
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
$10.25 per share
Book Value
$43.76 per share

Miscellaneous

Free Float
151,537,000
Market Cap
$90.20 billion
Optionable
Optionable
Beta
1.07

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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 brokerages have issued 1-year price targets for Synopsys' shares. Their SNPS share price targets range from $500.00 to $660.00. On average, they predict the company's share price to reach $594.60 in the next twelve months. This suggests a possible upside of 0.5% 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 on January 1st, 2024. Since then, SNPS stock has increased by 14.8% and is now trading at $591.35.
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 (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.13. The semiconductor company earned $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a net margin of 22.96% and a trailing twelve-month return on equity of 22.88%. The firm's revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys announced that its board has initiated a stock repurchase plan on Thursday, September 1st 2022, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally 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 earnings per share (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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.92%), Capital World Investors (4.31%), Price T Rowe Associates Inc. MD (2.52%), Franklin Resources Inc. (2.13%), Massachusetts Financial Services Co. MA (1.69%) and Nuveen Asset Management LLC (1.65%). 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, 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 3/3/2024 by MarketBeat.com Staff

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