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

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

Synopsys declared that its Board of Directors has authorized a share buyback plan on Thursday, April 5th 2018, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Synopsys, Inc. (NASDAQ:SNPS) issued its quarterly earnings results on Wednesday, May, 23rd. The semiconductor company reported $1.08 EPS for the quarter, meeting 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 return on equity of 6.55% and a net margin of 3.25%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. View Synopsys' Earnings History.

Synopsys is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Synopsys.

Synopsys updated its FY18 earnings guidance on Wednesday, May, 23rd. The company provided EPS 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 brokers have issued twelve-month price objectives 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 Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Shopify (SHOP), Splunk (SPLK), Check Point Software Technologies (CHKP), Dropbox (DBX), CA Technologies (CA), ANSYS (ANSS), Citrix Systems (CTXS), Mobileye (MBBYF), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO) and Symantec (SYMC).

News coverage about SNPS stock has trended positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synopsys earned a coverage optimism score of 0.26 on Accern's scale. They also assigned media stories about the semiconductor company an impact score of 46.39 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Synopsys' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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, 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 purchased 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 $89.23.

Synopsys has a market capitalization of $13.29 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]