NASDAQ:SNPS - Synopsys Stock Price, Price Target & More

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

Synopsys declared that its board has initiated a stock repurchase plan on Thursday, April 5th 2018, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Synopsys (NASDAQ:SNPS) issued its quarterly earnings results on Wednesday, May, 23rd. The semiconductor company reported $1.08 EPS for the quarter, hitting analysts' consensus estimates of $1.08. The semiconductor company had revenue of $776.80 million for the quarter, compared to analysts' expectations of $775.60 million. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. The firm's revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. View Synopsys' Earnings History.

Synopsys updated its FY18 earnings guidance on Wednesday, May, 23rd. The company provided earnings per share guidance of $3.76-3.83 for the period, compared to the Thomson Reuters consensus estimate of $3.72. The company issued revenue guidance of $3.07-3.10 billion, compared to the consensus revenue estimate of $2.94 billion.Synopsys also updated its Q3 guidance to $0.89-0.93 EPS.

6 equities research analysts have issued 1-year price targets for Synopsys' shares. Their predictions range from $87.00 to $120.00. On average, they expect Synopsys' share price to reach $104.3333 in the next twelve months. View Analyst Ratings for Synopsys.

Some companies that are related to Synopsys include Intuit (INTU), Electronic Arts (EA), Dassault Systčmes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Splunk (SPLK), Check Point Software Technologies (CHKP), CA Technologies (CA), Shopify (SHOP), Citrix Systems (CTXS), Mobileye (MBBYF), Ansys (ANSS), Symantec (SYMC) and Take-Two Interactive (TTWO).

Media headlines about SNPS stock have trended positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synopsys earned a coverage optimism score of 0.29 on Accern's scale. They also gave media headlines about the semiconductor company an impact score of 47.04 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Synopsys' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.38%), JPMorgan Chase & Co. (1.99%), Swedbank (1.75%), Alkeon Capital Management LLC (1.69%), Northern Trust Corp (1.25%) and Victory Capital Management Inc. (0.81%). Company insiders that own Synopsys stock include Alfred Castino, Brian M Beattie, Chi-Foon Chan, Chrysostomos L Nikias, Deborah A Coleman, Geus Aart De, John F Runkel Jr, John Schwarz, Joseph W Logan, Steven Walske, Sudhindra Kankanwadi and Trac Pham. View Institutional Ownership Trends for Synopsys.

SNPS stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Millennium Management LLC, Victory Capital Management Inc., Northern Trust Corp, Nuveen Asset Management LLC, Teacher Retirement System of Texas, Dimensional Fund Advisors LP and Clinton Group Inc.. Company insiders that have sold Synopsys company stock in the last year include Chi-Foon Chan, Chrysostomos L Nikias, John F Runkel Jr, Joseph W Logan and Steven Walske. View Insider Buying and Selling for Synopsys.

SNPS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Old Mutual Global Investors UK Ltd., Systematic Financial Management LP, Wells Fargo & Company MN, Korea Investment CORP, Swedbank, NorthCoast Asset Management LLC and Franklin Resources Inc.. View Insider Buying and Selling for Synopsys.

Shares of SNPS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SNPS stock can currently be purchased for approximately $88.56.

Synopsys has a market capitalization of $13.28 billion and generates $2.72 billion in revenue each year. The semiconductor company earns $136.56 million in net income (profit) each year or $0.88 on an earnings per share basis. Synopsys employs 11,686 workers across the globe.

Synopsys' mailing address is 690 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The semiconductor company can be reached via phone at 650-584-5000 or via email at [email protected]