Should I buy or sell Synopsys stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street equities 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?

10 analysts have issued twelve-month price targets for Synopsys' stock. Their SNPS share price targets range from $550.00 to $672.00. On average, they expect the company's share price to reach $616.18 in the next twelve months. This suggests a possible upside of 4.5% 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 at the start of the year. Since then, SNPS shares have increased by 14.5% and is now trading at $589.81. 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, August 21st 2024. View our SNPS earnings forecast .

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings data on Wednesday, May, 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing analysts' consensus estimates of $3.03 by $0.03. The semiconductor company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. Synopsys had a net margin of 23.05% and a trailing twelve-month return on equity of 22.66%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 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 ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) , Franklin Intelligent Machines ETF (IQM) , AXS Esoterica NextG Economy ETF (WUGI) , Hennessy Stance ESG Large Cap ETF (STNC) , Invesco Focused Discovery Growth ETF (IVDG) , iShares Expanded Tech-Software Sector ETF (IGV) , BlackRock Future Tech ETF (BTEK) and JPMorgan U.S. Tech Leaders ETF (JTEK) .

How will Synopsys' stock buyback program work?

Synopsys announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 1st 2022, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign 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 third quarter 2024 earnings guidance on Wednesday, May, 22nd. The company provided earnings per share (EPS) guidance of 3.250-3.300 for the period, compared to the consensus earnings per share estimate of 3.220. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.6 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.07%), Capital World Investors (4.83%), Price T Rowe Associates Inc. MD (3.50%), GQG Partners LLC (1.37%), Swedbank AB (1.21%) and Van ECK Associates Corp (0.76%). Insiders that own company stock include Chi-Foon Chan , Chrysostomos L Nikias , Geus Aart De , John F Runkel Jr , Joseph W Logan , Marc N Casper , 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

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NASDAQ:SNPS

Synopsys (SNPS) Stock Price, News & Analysis

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Free SNPS Stock Alerts

$587.16

-0.24 (-0.04%)

(As of 03:33 PM ET)

Compare

Today's Range: $581.24
▼
$592.34
50-Day Range: $510.71
▼
$602.01
52-Week Range: $416.87
▼
$629.38

Volume: 637,431 shs
Average Volume: 1.13 million shs
Market Capitalization: $89.54 billion

P/E Ratio: 63.82
Dividend Yield: N/A
Price Target: $616.18

Synopsys MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 4.5% Upside
$616.18 Price Target
Short Interest: Healthy
2.32% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.38
Upright™ Environmental Score
News Sentiment: 0.39
Based on 62 Articles This Week
Insider Trading: Selling Shares
$3.08 M Sold Last Quarter
Proj. Earnings Growth: 18.81%
From $9.78 to $11.62 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.

4.46 out of 5 stars

Computer And Technology Sector

103rd out of 602 stocks

Prepackaged Software Industry

29th out of 203 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 10 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Synopsys has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Synopsys' stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
2.32% 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 3.5, 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 6.67%, 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.

2.4

News and Social Media Coverage

News Sentiment
Synopsys has a news sentiment score of 0.39. 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 lower news sentiment than the 0.74 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 62 news articles for Synopsys this week, compared to 14 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 38% compared to the previous 30 days.
MarketBeat Follows
Only 16 people have added Synopsys to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synopsys insiders have sold 601.83% more of their company's stock than they have bought. Specifically, they have bought $439,088.00 in company stock and sold $3,081,669.00 in company stock.
Percentage Held by Insiders
Only 0.66% of the stock of Synopsys is held by insiders.
Percentage Held by Institutions
85.47% of the stock of Synopsys is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Synopsys' insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Synopsys are expected to grow by 18.81% in the coming year, from $9.78 to $11.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synopsys is 64.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synopsys is 64.11, 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 228.38.
Price to Earnings Growth Ratio
Synopsys has a PEG Ratio of 3.57. 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 14.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Synopsys' valuation and earnings.

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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

30 days | 90 days | 365 days | Advanced Chart

SNPS Stock News Headlines

May 28 at 1:52 AM | americanbankingnews.com

Synopsys, Inc. (NASDAQ:SNPS) Receives Average Recommendation of "Buy" from Brokerages

May 27 at 9:26 AM | nasdaq.com

Synopsys Faces High Stakes in Ansys Merger: Balancing Growth with Integration Risks and Market Challenges

May 26 at 9:00 AM | investorplace.com

3 Semiconductor Stocks That Could Be Millionaire-Makers: May Edition

May 25 at 8:51 AM | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Releases FY 2024 Earnings Guidance

May 25 at 8:51 AM | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Releases Q3 2024 Earnings Guidance

May 25 at 7:36 AM | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Issues Earnings Results, Misses Estimates By $0.03 EPS

May 24, 2024 | seekingalpha.com

Synopsys, Inc. (SNPS) Q2 2024 Earnings Call Transcript

May 24, 2024 | finance.yahoo.com

Heightened Chip Design Activity Fuels Synopsys Growth

May 24, 2024 | investors.com

Heightened Chip Design Activity Fuels Synopsys Growth

May 24, 2024 | finance.yahoo.com

We Like These Underlying Return On Capital Trends At Synopsys (NASDAQ:SNPS)