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How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
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S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?

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
0.75mentions of Synopsys in the last 14 days
Based on 28 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


SNPS stock logo

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

SNPS Stock News Headlines

BSIMM14 Report: Application Security Automation Soars
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
AI chip spending beyond Nvidia: How Synopsys is benefiting
Synopsys Q4 results top estimates amid AI-led demand boost
Synopsys: Fiscal Q4 Earnings Snapshot
Synopsys, Inc. Q4 Profit Increases, beats estimates
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
12/06/2023
Next Earnings (Estimated)
2/21/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
Employees
19,000
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$575.60
High Stock Price Target
$660.00
Low Stock Price Target
$500.00
Potential Upside/Downside
+9.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
22.28%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$9.90 per share
Book Value
$40.46 per share

Miscellaneous

Free Float
151,051,000
Market Cap
$80.23 billion
Optionable
Optionable
Beta
1.10

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SNPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

11 Wall Street research 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 research 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 Wall Street analysts have issued 1-year target prices for Synopsys' stock. Their SNPS share price targets range from $500.00 to $660.00. On average, they anticipate the company's stock 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 shares have 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 the month of 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 volume of 769,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.3% of the company's 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, February 21st 2024.
View our SNPS earnings forecast
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) announced its earnings results on Wednesday, November, 29th. The semiconductor company reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.13. The semiconductor company had revenue of $1.60 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys announced that its Board of Directors has authorized a share buyback program on Thursday, September 1st 2022, which allows the company to buyback $1,500,000,000.00 in outstanding 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 programs are usually an indication that the company's board believes its stock is undervalued.

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

Synopsys issued an update on its FY24 earnings guidance on Wednesday, November, 29th. The company provided earnings per share (EPS) guidance of $13.33-13.41 for the period, compared to the consensus EPS 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
This page (NASDAQ:SNPS) was last updated on 12/7/2023 by MarketBeat.com Staff

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