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NASDAQ:SNPS

Synopsys Stock Forecast, Price & News

$201.51
+3.65 (+1.84 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$196.46
Now: $201.51
$202.83
50-Day Range
$191.04
MA: $205.99
$229.36
52-Week Range
$104.90
Now: $201.51
$230.12
Volume849,288 shs
Average Volume1.09 million shs
Market Capitalization$30.58 billion
P/E Ratio49.88
Dividend YieldN/A
Beta1.15
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which 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. The company also offers 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 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, it provides 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, the company offers Platform Architect tools 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, it provides testing tools, services, and programs, which include security testing, managed services, programs and professional services, and training that enable its customers to detect and remediate defects in the software development lifecycle; manufacturing solutions for semiconductor manufacturers to develop fabrication processes; and professional and other services. Synopsys, Inc. has collaboration with Palma Ceia SemiDesign, Inc. to provide ready-to-use NB-IoT solution. The company was founded in 1986 and is headquartered in Mountain View, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:SNPS
CUSIP87160710
Phone650-584-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.36 billion
Cash Flow$5.34 per share
Book Value$27.21 per share

Profitability

Net Income$532.37 million

Miscellaneous

Employees13,896
Market Cap$30.58 billion
Next Earnings Date12/2/2020 (Estimated)
OptionableOptionable
$201.51
+3.65 (+1.84 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synopsys (NASDAQ:SNPS) Frequently Asked Questions

How has Synopsys' stock been impacted by Coronavirus?

Synopsys' stock was trading at $131.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNPS shares have increased by 53.0% and is now trading at $201.51.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Synopsys?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Synopsys
.

When is Synopsys' next earnings date?

Synopsys is scheduled to release its next quarterly earnings announcement on Wednesday, December 2nd 2020.
View our earnings forecast for Synopsys
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) issued its quarterly earnings data on Wednesday, August, 19th. The semiconductor company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.40. The semiconductor company earned $964.10 million during the quarter, compared to analysts' expectations of $894.23 million. Synopsys had a return on equity of 14.66% and a net margin of 17.88%. The business's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS.
View Synopsys' earnings history
.

How will Synopsys' stock buyback program work?

Synopsys declared that its board has authorized a stock repurchase plan on Friday, June 19th 2020, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

What guidance has Synopsys issued on next quarter's earnings?

Synopsys issued an update on its FY20 earnings guidance on Wednesday, August, 19th. The company provided earnings per share guidance of $5.48-$5.53 for the period, compared to the Thomson Reuters consensus estimate of $5.27. The company issued revenue guidance of $3.66-$3.69 billion, compared to the consensus revenue estimate of $3.62 billion.

What price target have analysts set for SNPS?

13 brokerages have issued twelve-month price targets for Synopsys' stock. Their forecasts range from $160.00 to $230.00. On average, they anticipate Synopsys' stock price to reach $211.15 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts' price targets for Synopsys
.

Are investors shorting Synopsys?

Synopsys saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,770,000 shares, an increase of 10.6% from the August 15th total of 1,600,000 shares. Based on an average daily trading volume, of 859,500 shares, the days-to-cover ratio is currently 2.1 days.
View Synopsys' Short Interest
.

Who are some of Synopsys' key competitors?

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), salesforce.com (CRM), Square (SQ), Advanced Micro Devices (AMD), Adobe (ADBE), Netflix (NFLX), Tesla (TSLA) and Micron Technology (MU).

Who are Synopsys' key executives?

Synopsys' management team includes the following people:
  • Dr. Aart J. de Geus, Co-Founder, Chairman & Co-CEO (Age 65)
  • Dr. Chi-Foon Chan, Co-CEO, Pres & Director (Age 70)
  • Mr. Trac Pham, Chief Financial Officer (Age 50)
  • Mr. John F. Runkel Jr., Gen. Counsel & Corp. Sec. (Age 63)
  • Mr. Joseph W. Logan, Sales & Corp. Marketing Officer (Age 59)

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.83%), BlackRock Inc. (8.53%), Nuveen Asset Management LLC (1.29%), FMR LLC (1.04%), Nordea Investment Management AB (0.95%) and California Public Employees Retirement System (0.84%). Company insiders that own Synopsys stock include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, John Schwarz, Joseph W Logan, Mercedes Johnson, Roy Vallee, Steven Walske, Sudhindra Kankanwadi and Trac Pham.
View institutional ownership trends for Synopsys
.

Which major investors are selling Synopsys stock?

SNPS stock was sold by a variety of institutional investors in the last quarter, including AJO LP, AQR Capital Management LLC, Newbrook Capital Advisors LP, Bank of Nova Scotia, Vanguard Group Inc., SG Americas Securities LLC, MERIAN GLOBAL INVESTORS UK Ltd, and Oribel Capital Management LP. Company insiders that have sold Synopsys company stock in the last year include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, Steven Walske, and Trac Pham.
View insider buying and selling activity for Synopsys
.

Which major investors are buying Synopsys stock?

SNPS stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, PGGM Investments, Nuveen Asset Management LLC, Federated Hermes Inc., and Bessemer Group Inc..
View insider buying and selling activity for Synopsys
.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Synopsys' stock price today?

One share of SNPS stock can currently be purchased for approximately $201.51.

How big of a company is Synopsys?

Synopsys has a market capitalization of $30.58 billion and generates $3.36 billion in revenue each year. The semiconductor company earns $532.37 million in net income (profit) each year or $3.45 on an earnings per share basis. Synopsys employs 13,896 workers across the globe.

What is Synopsys' official website?

The official website for Synopsys is www.synopsys.com.

How can I contact Synopsys?

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]

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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