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NASDAQ:SNPS

Synopsys - SNPS Stock Forecast, Price & News

$378.34
+2.63 (+0.70%)
(As of 08/11/2022 12:58 PM ET)
Add
Compare
Today's Range
$373.70
$380.94
50-Day Range
$289.49
$375.71
52-Week Range
$255.02
$381.70
Volume
14,309 shs
Average Volume
874,936 shs
Market Capitalization
$57.87 billion
P/E Ratio
58.84
Dividend Yield
N/A
Price Target
$381.70

Synopsys MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
2.6% Upside
$386.70 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.17
Upright™ Environmental Score
News Sentiment
0.39mentions of Synopsys in the last 14 days
Based on 13 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.

2.41 out of 5 stars

Computer And Technology Sector

248th out of 658 stocks

Prepackaged Software Industry

73rd out of 229 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SNPS. Bank of America raised shares of Synopsys from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $325.00 to $360.00 in a research note on Wednesday, June 29th. Needham & Company LLC lifted their price target on shares of Synopsys from $370.00 to $380.00 and gave the stock a "buy" rating in a research note on Thursday, May 19th. Atlantic Securities dropped their price target on shares of Synopsys to $350.00 and set a "na" rating on the stock in a research note on Thursday, May 19th. Wells Fargo & Company dropped their price target on shares of Synopsys from $415.00 to $375.00 and set an "overweight" rating on the stock in a research note on Thursday, May 19th. Finally, StockNews.com downgraded shares of Synopsys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $381.70.

Synopsys Stock Performance

NASDAQ:SNPS opened at $375.71 on Thursday. Synopsys has a one year low of $255.02 and a one year high of $381.70. The company has a 50-day simple moving average of $325.25 and a 200-day simple moving average of $310.55. The firm has a market capitalization of $57.47 billion, a PE ratio of 58.43, a price-to-earnings-growth ratio of 3.04 and a beta of 1.22.

Synopsys (NASDAQ:SNPS - Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $1.89 EPS 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 analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $1.24 EPS. Equities analysts forecast that Synopsys will post 6.29 earnings per share for the current year.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 3,463 shares of the business's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $330.00, for a total transaction of $1,142,790.00. Following the sale, the insider now directly owns 22,623 shares in the company, valued at approximately $7,465,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Synopsys news, insider John F. Runkel, Jr. sold 3,463 shares of the business's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $330.00, for a total transaction of $1,142,790.00. Following the sale, the insider now directly owns 22,623 shares in the company, valued at approximately $7,465,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sassine Ghazi sold 4,651 shares of the business's stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $300.67, for a total transaction of $1,398,416.17. Following the sale, the chief operating officer now owns 45,173 shares in the company, valued at $13,582,165.91. The disclosure for this sale can be found here. Insiders sold 129,285 shares of company stock valued at $39,219,908 in the last ninety days. Company insiders own 1.20% of the company's stock.

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SNPS Stock News Headlines

Analyzing Synopsys's Short Interest
Synopsys (NASDAQ:SNPS) Shares Gap Down to $368.36
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SNPS Company Calendar

Last Earnings
5/18/2022
Today
8/11/2022
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
$386.70
High Stock Price Forecast
$445.00
Low Stock Price Forecast
$350.00
Forecasted Upside/Downside
+0.9%
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
$6.83 per share
Book Value
$34.75 per share

Miscellaneous

Free Float
151,134,000
Market Cap
$57.87 billion
Optionable
Optionable
Beta
1.22

Social Links















SNPS Stock - Frequently Asked Questions

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 year. There are currently 3 hold ratings and 7 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 forecast for 2022?

10 analysts have issued 12 month price targets for Synopsys' shares. Their SNPS share price forecasts range from $350.00 to $445.00. On average, they expect the company's share price to reach $386.70 in the next year. This suggests a possible upside of 2.3% 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 beginning of the year. Since then, SNPS stock has increased by 2.6% and is now trading at $378.16.
View the best growth stocks for 2022 here
.

Are investors shorting Synopsys?

Synopsys saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,910,000 shares, an increase of 15.1% from the July 15th total of 1,660,000 shares. Based on an average trading volume of 949,800 shares, the short-interest ratio is presently 2.0 days. Currently, 1.3% of the company's shares 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, 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) posted its 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 earned $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Synopsys had a net margin of 21.19% and a trailing twelve-month return on equity of 18.23%. During the same quarter in the previous year, the firm earned $1.24 earnings per share.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys declared that its Board of Directors has approved a share repurchase program on Friday, December 10th 2021, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are 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 variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (3.11%), Pictet Asset Management SA (1.98%), Eagle Asset Management Inc. (0.61%), Van ECK Associates Corp (0.59%), TD Asset Management Inc. (0.59%) and Sumitomo Mitsui Trust Holdings Inc. (0.49%). 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 $378.16.

How much money does Synopsys make?

Synopsys (NASDAQ:SNPS) has a market capitalization of $57.85 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 8/11/2022 by MarketBeat.com Staff

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