Synopsys - SNPS Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNPS shares.
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12 brokerages have issued 1 year price targets for Synopsys' shares. Their SNPS share price forecasts range from $360.00 to $467.00. On average, they expect the company's stock price to reach $424.18 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Synopsys' stock was trading at $319.29 at the start of the year. Since then, SNPS stock has increased by 16.3% and is now trading at $371.35.
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Synopsys saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,900,000 shares, an increase of 21.8% from the February 13th total of 1,560,000 shares. Based on an average trading volume of 810,200 shares, the short-interest ratio is presently 2.3 days. Approximately 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
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Synopsys, Inc. (NASDAQ:SNPS) posted its earnings results on Wednesday, February, 15th. The semiconductor company reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $2.50 by $0.12. The semiconductor company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.36 billion. Synopsys had a net margin of 18.22% and a trailing twelve-month return on equity of 16.88%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS.
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ETFs with the largest weight of Synopsys (NASDAQ:SNPS) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Invesco Dynamic Software ETF (PSJ), VanEck Semiconductor ETF (SMH), Franklin Intelligent Machines ETF (IQM), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco Focused Discovery Growth ETF (IVDG), BlackRock Future Tech ETF (BTEK) and iShares Expanded Tech-Software Sector ETF (IGV).

Synopsys announced that its board has authorized a stock buyback program on Thursday, September 1st 2022, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Synopsys issued an update on its FY 2023 earnings guidance on Saturday, February, 18th. The company provided EPS guidance of $10.53-$10.60 for the period, compared to the consensus estimate of $10.38. The company issued revenue guidance of $5.78 billion-$5.83 billion, compared to the consensus revenue estimate of $5.80 billion.

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.

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).

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

Synopsys' stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (3.54%), JPMorgan Chase & Co. (3.14%), Franklin Resources Inc. (2.52%), Geode Capital Management LLC (2.09%), Norges Bank (1.83%) and T. Rowe Price Investment Management Inc. (1.41%). 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.
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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.
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One share of SNPS stock can currently be purchased for approximately $371.35.

Synopsys (NASDAQ:SNPS) has a market capitalization of $56.56 billion and generates $5.17 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $6.06 on an earnings per share basis.

The company employs 19,000 workers across the globe.

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.