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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Financial Day of Reckoning Has Begun (Ad)
NASDAQ:SNPS

Synopsys - SNPS Stock Forecast, Price & News

$385.44
+8.43 (+2.24%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$376.71
$386.00
50-Day Range
$289.49
$385.44
52-Week Range
$255.02
$386.00
Volume
931,148 shs
Average Volume
915,464 shs
Market Capitalization
$58.96 billion
P/E Ratio
59.94
Dividend Yield
N/A
Price Target
$386.70

Synopsys MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
0.5% Upside
$387.20 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.53mentions of Synopsys in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$39.22 M Sold Last Quarter
Proj. Earnings Growth
20.35%
From $6.29 to $7.57 Per Share

Overall MarketRank

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

2.42 out of 5 stars

Computer And Technology Sector

248th out of 665 stocks

Prepackaged Software Industry

77th out of 230 stocks

SNPS stock logo

About Synopsys (NASDAQ:SNPS) Stock

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.

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SNPS Stock News Headlines

Synopsys (NASDAQ:SNPS) PT Raised to $425.00
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares a shocking new forecast
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares a shocking new forecast
Analyzing Synopsys's Short Interest
Synopsys (NASDAQ:SNPS) Shares Gap Down to $368.36
See More Headlines
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SNPS Company Calendar

Last Earnings
5/18/2022
Today
8/14/2022
Next Earnings (Confirmed)
8/17/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
Employees
16,361
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$387.20
High Stock Price Forecast
$445.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$757.52 million
Pretax Margin
22.68%

Debt

Sales & Book Value

Annual Sales
$4.20 billion
Cash Flow
$6.88 per share
Book Value
$34.75 per share

Miscellaneous

Free Float
151,134,000
Market Cap
$58.96 billion
Optionable
Optionable
Beta
1.22

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SNPS Stock - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 3 hold ratings and 7 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 forecast for 2022?

10 Wall Street research analysts have issued 1-year price objectives for Synopsys' shares. Their SNPS share price forecasts range from $350.00 to $445.00. On average, they expect the company's stock price to reach $387.20 in the next year. 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 2022?

Synopsys' stock was trading at $368.50 at the start of the year. Since then, SNPS stock has increased by 4.6% and is now trading at $385.44.
View the best growth stocks for 2022 here
.

When is Synopsys' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our SNPS earnings forecast
.

How can I listen to Synopsys' earnings call?

Synopsys will be holding an earnings conference call on Wednesday, August 17th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "6337628".

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) issued its quarterly earnings results on Wednesday, May, 18th. The semiconductor company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.09. The semiconductor company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Synopsys had a trailing twelve-month return on equity of 18.23% and a net margin of 21.19%. During the same quarter in the previous year, the business posted $1.24 earnings per share.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys announced that its Board of Directors has approved a share buyback program on Friday, December 10th 2021, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

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

Synopsys updated its third quarter 2022 earnings guidance on Wednesday, June, 15th. The company provided earnings per share guidance of $2.01-$2.06 for the period, compared to the consensus earnings per share estimate of $1.61. The company issued revenue guidance of $1.21 billion-$1.24 billion, compared to the consensus revenue estimate of $1.14 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).

What is Synopsys' stock symbol?

Synopsys trades on the NASDAQ under the ticker symbol "SNPS."

Who are Synopsys' major shareholders?

Synopsys' stock is owned by a number of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (3.11%), Franklin Resources Inc. (2.44%), FMR LLC (2.08%), Pictet Asset Management SA (1.98%), Massachusetts Financial Services Co. MA (1.42%) and Northern Trust Corp (1.11%). Insiders that own company stock include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, 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.

What is Synopsys' stock price today?

One share of SNPS stock can currently be purchased for approximately $385.44.

How much money does Synopsys make?

Synopsys (NASDAQ:SNPS) has a market capitalization of $58.96 billion and generates $4.20 billion in revenue each year. The semiconductor company earns $757.52 million in net income (profit) each year or $6.43 on an earnings per share basis.

How many employees does Synopsys have?

The company employs 16,361 workers across the globe.

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

When was Synopsys founded?

Synopsys was founded in 1986.

How can I contact Synopsys?

Synopsys' mailing address is 690 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The official website for the company is www.synopsys.com. The semiconductor company can be reached via phone at (650) 584-5000, via email at synopsys-ir@synopsys.com, or via fax at 650-965-8637.

This page (NASDAQ:SNPS) was last updated on 8/14/2022 by MarketBeat.com Staff

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