NASDAQ:SNPS - Synopsys Stock Price, Forecast & News

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

Synopsys declared that its Board of Directors has initiated a share repurchase plan 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 buy up to 4.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Synopsys, Inc. (NASDAQ:SNPS) released its earnings results on Wednesday, December, 4th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The semiconductor company had revenue of $851.10 million for the quarter, compared to analysts' expectations of $847.34 million. Synopsys had a net margin of 15.84% and a return on equity of 13.54%. Synopsys's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. 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 earnings per share guidance of $5.18-5.25 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokerages have issued 1 year target prices for Synopsys' stock. Their forecasts range from $140.00 to $175.00. On average, they expect Synopsys' share price to reach $158.25 in the next year. This suggests a possible upside of 2.7% 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.

Media coverage about SNPS stock has trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Synopsys earned a media sentiment score of -3.4 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Synopsys.

Synopsys saw a increase in short interest in 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 days-to-cover ratio is presently 2.2 days. Approximately 1.4% of the shares of the company are sold short. 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), Citrix Systems (CTXS), SS&C Technologies (SSNC), 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), Alibaba Group (BABA), Xilinx (XLNX), Micron Technology (MU), salesforce.com (CRM), Walt Disney (DIS), Square (SQ), Adobe (ADBE) and Advanced Micro Devices (AMD).

Synopsys' stock is owned by a number of of institutional and retail investors. Top institutional investors include AMI Asset Management Corp (0.15%), New York State Teachers Retirement System (0.15%), Artemis Investment Management LLP (0.10%), Strs Ohio (0.10%), Assenagon Asset Management S.A. (0.10%) and Columbus Circle Investors (0.06%). 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, AMI Asset Management Corp, Janney Montgomery Scott LLC, Winslow Evans & Crocker Inc., Rosenblum Silverman Sutton S F Inc. CA, CENTRAL TRUST Co, IFM Investors Pty Ltd and Contravisory Investment Management 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 Assenagon Asset Management S.A., Strs Ohio, Artemis Investment Management LLP, Commerzbank Aktiengesellschaft FI, Polianta Ltd, Sciencast Management LP, New York State Teachers Retirement System and Columbus Circle Investors. 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 $154.05.

Synopsys has a market capitalization of $23.19 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]