Synopsys - SNPS Stock Forecast, Price & News

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides 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, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; 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 logic libraries and embedded memories; configurable processor cores and application-specific instruction-set processor tools for embedded applications; IP subsystems for audio, sensor, and data fusion functionality; and security IP solutions. Further, it provides Platform Architect solutions for SoC architecture analysis and optimization; virtual prototyping solutions; and HAPS FPGA-based prototyping systems, as well as a series of tools used in the design of optical systems and photonic devices. Additionally, the company offers 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. It serves electronics, financial services, automotive, medicine, energy, and industrial areas. The company was incorporated in 1986 and is headquartered in Mountain View, California.

Synopsys Price Performance

SNPS Stock traded up $8.43 during mid-day trading on Friday, reaching $385.44. The company had a trading volume of 931,148 shares, compared to its average volume of 915,464. The company has a market capitalization of $58.96 billion, a price-to-earnings ratio of 59.94, a PEG ratio of 3.06 and a beta of 1.22. Synopsys has a 52 week low of $255.02 and a 52 week high of $386.00. The stock has a 50 day simple moving average of $327.33 and a two-hundred day simple moving average of $311.68.

Synopsys (NASDAQ:SNPS - Get Rating) last released its earnings results on Wednesday, May 18th. The semiconductor company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.09. Synopsys had a net margin of 21.19% and a return on equity of 18.23%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.24 earnings per share. On average, equities analysts predict that Synopsys will post 6.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SNPS. Needham & Company LLC raised their target price on shares of Synopsys from $370.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, May 19th. Rosenblatt Securities upped their target price on shares of Synopsys from $360.00 to $390.00 and gave the stock a "buy" rating in a research note on Friday. Atlantic Securities lowered their target price on Synopsys to $350.00 and set a "na" rating for the company in a report on Thursday, May 19th. UBS Group cut their price target on Synopsys to $360.00 and set a "hold" rating on the stock in a report on Thursday, May 19th. Finally, Wells Fargo & Company increased their price objective on Synopsys from $375.00 to $425.00 and gave the stock an "overweight" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $387.20.

Insider Activity

In related news, CRO Joseph W. Logan sold 53,706 shares of Synopsys stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $299.12, for a total transaction of $16,064,538.72. Following the completion of the transaction, the executive now owns 99,907 shares in the company, valued at $29,884,181.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Synopsys news, CFO Trac Pham sold 49,072 shares of the company's stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $305.00, for a total value of $14,966,960.00. Following the transaction, the chief financial officer now directly owns 58,204 shares in the company, valued at $17,752,220. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Joseph W. Logan sold 53,706 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $299.12, for a total transaction of $16,064,538.72. Following the completion of the transaction, the executive now directly owns 99,907 shares in the company, valued at $29,884,181.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,285 shares of company stock valued at $39,219,908. 1.20% of the stock is owned by company insiders.