Synopsys - SNPS Stock Forecast, Price & News

12 Wall Street 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 analysts is that investors should "buy" SNPS shares.
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12 Wall Street analysts have issued 12 month target prices 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 $420.55 in the next year. This suggests a possible upside of 17.7% 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 shares have increased by 11.9% and is now trading at $357.27.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Synopsys, Inc. (NASDAQ:SNPS) issued its quarterly earnings results on Wednesday, November, 30th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.12. The semiconductor company earned $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Synopsys had a trailing twelve-month return on equity of 17.24% and a net margin of 19.38%.

Synopsys declared that its board has initiated a stock repurchase plan on Thursday, September 1st 2022, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

Synopsys issued an update on its first quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (EPS) guidance of $2.48-$2.53 for the period, compared to the consensus estimate of $2.29. The company issued revenue guidance of $1.34 billion-$1.37 billion, compared to the consensus revenue estimate of $1.34 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 Allspring Global Investments Holdings LLC (0.38%), Strs Ohio (0.20%), Congress Asset Management Co. MA (0.19%), Natixis Advisors L.P. (0.15%), Assenagon Asset Management S.A. (0.15%) and Fifth Third Bancorp (0.13%). 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 $357.27.

Synopsys (NASDAQ:SNPS) has a market capitalization of $54.46 billion and generates $5.08 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $6.30 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.