NASDAQ:SNPS - Synopsys Stock Price, Forecast & News

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

Synopsys declared that its board has approved a share repurchase program on Thursday, April 5th 2018, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings data on Wednesday, December, 4th. The semiconductor company reported $1.15 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 analyst estimates of $847.34 million. Synopsys had a net margin of 15.84% and a return on equity of 13.54%. Synopsys's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business 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 issued an update on its FY20 earnings guidance on Wednesday, December, 4th. The company provided EPS guidance of $5.18-5.25 for the period, compared to the Thomson Reuters consensus 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.

10 analysts have issued 12 month target prices for Synopsys' stock. Their forecasts range from $150.00 to $200.00. On average, they anticipate Synopsys' stock price to reach $171.40 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Price Targets for Synopsys.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synopsys.

News headlines about SNPS stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Synopsys earned a news impact score of 2.6 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Synopsys.

Synopsys saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,130,000 shares, an increase of 17.0% from the December 31st total of 1,820,000 shares. Based on an average trading volume of 943,900 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.4% of the company's shares 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), Guidewire Software (GWRE) and Aspen Technology (AZPN).

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

Synopsys' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.39%), Parnassus Investments CA (2.51%), Pictet Asset Management Ltd. (1.95%), Franklin Resources Inc. (1.35%), FMR LLC (1.23%) and AJO LP (0.86%). 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 Parnassus Investments CA, FMR LLC, Victory Capital Management Inc., Swiss National Bank, Picton Mahoney Asset Management, Virginia Retirement Systems ET AL, State of Tennessee Treasury Department and UBS Asset Management Americas 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 purchased by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Marshall Wace North America L.P., Man Group plc, Prudential Financial Inc., AJO LP, Pictet Asset Management Ltd., Franklin Resources Inc. and Marshall Wace LLP. 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 $162.92.

Synopsys has a market capitalization of $24.53 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]