NASDAQ:SNPS - Synopsys Stock Price, Forecast & News

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

Synopsys announced that its board has authorized a share repurchase plan on Thursday, April 5th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Synopsys, Inc. (NASDAQ:SNPS) posted its quarterly earnings data on Wednesday, December, 4th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.13 by $0.02. The semiconductor company earned $851.10 million during the quarter, compared to analysts' expectations of $847.34 million. Synopsys had a return on equity of 13.54% and a net margin of 15.84%. Synopsys's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. View Synopsys' Earnings History.

Synopsys is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Synopsys.

Synopsys updated its FY20 earnings guidance on Wednesday, December, 4th. The company provided earnings per share guidance of $5.18-5.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.07. The company issued revenue guidance of $3.6-3.65 billion, compared to the consensus revenue estimate of $3.62 billion.

8 brokers have issued 1-year price objectives for Synopsys' stock. Their forecasts range from $140.00 to $175.00. On average, they anticipate Synopsys' share price to reach $158.25 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View Analyst Price Targets for Synopsys.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synopsys.

News coverage about SNPS stock has trended somewhat positive on Monday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Synopsys earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Synopsys.

Synopsys saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,130,000 shares, an increase of 17.0% from the December 15th total of 1,820,000 shares. Based on an average trading volume of 961,900 shares, the short-interest ratio is presently 2.2 days. Approximately 1.4% of the shares of the company are short sold. View Synopsys' Current Options Chain.

Some companies that are related to Synopsys include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Aspen Technology (AZPN) and Guidewire Software (GWRE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synopsys investors own include NVIDIA (NVDA), Paypal (PYPL), Xilinx (XLNX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Micron Technology (MU), Square (SQ), Adobe (ADBE), salesforce.com (CRM) and Walt Disney (DIS).

Synopsys' stock is owned by a number of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.10%), Assenagon Asset Management S.A. (0.10%), State of Alaska Department of Revenue (0.05%), Nisa Investment Advisors LLC (0.04%), Contravisory Investment Management Inc. (0.04%) and Commerzbank Aktiengesellschaft FI (0.02%). Company insiders that own Synopsys stock include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, John F Runkel Jr, John Schwarz, Joseph W Logan, Roy Vallee, 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 Meag Munich Ergo Kapitalanlagegesellschaft MBH, Winslow Evans & Crocker Inc., IFM Investors Pty Ltd, Contravisory Investment Management Inc., Nisa Investment Advisors LLC, First Hawaiian Bank, Monument Capital Management and IFP Advisors Inc. Company insiders that have sold Synopsys company stock in the last year include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, John F Runkel Jr, John Schwarz, Roy Vallee, Steven Walske, Sudhindra Kankanwadi and Trac Pham. View Insider Buying and Selling for Synopsys.

SNPS stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Artemis Investment Management LLP, Commerzbank Aktiengesellschaft FI, Polianta Ltd, Sciencast Management LP, Diversified Trust Co, Gradient Investments LLC and AE Wealth Management LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of SNPS stock can currently be purchased for approximately $151.86.

Synopsys has a market capitalization of $22.86 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.View Additional Information About Synopsys.

The official website for Synopsys is http://www.synopsys.com/.

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]