Synopsys - SNPS Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SNPS shares.
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12 Wall Street research analysts have issued 12-month price targets for Synopsys' stock. Their SNPS share price forecasts range from $360.00 to $467.00. On average, they expect the company's stock price to reach $420.55 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
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Synopsys' stock was trading at $319.29 at the start of the year. Since then, SNPS shares have increased by 9.6% and is now trading at $349.88.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings data on Wednesday, November, 30th. The semiconductor company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.11 by $0.12. The semiconductor company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.28 billion. Synopsys had a net margin of 19.38% and a trailing twelve-month return on equity of 17.24%.

Synopsys announced that its Board of Directors has initiated a share buyback plan on Thursday, September 1st 2022, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Synopsys issued an update on its first quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (EPS) guidance of $2.48-$2.53 for the period, compared to the consensus estimate of $2.29. The company issued revenue guidance of $1.34 billion-$1.37 billion, compared to the consensus revenue estimate of $1.34 billion.

1,170 employees have rated Synopsys Chief Executive Officer Dr. Aart J. de Geus and Dr. Chi-Foon Chan on Glassdoor.com. Dr. Aart J. de Geus and Dr. Chi-Foon Chan has an approval rating of 95% among the company's employees. This puts Dr. Aart J. de Geus and Dr. Chi-Foon Chan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Synopsys investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Advanced Micro Devices (AMD), Adobe (ADBE), Tesla (TSLA), Netflix (NFLX) and Micron Technology (MU).

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

Synopsys' stock is owned by many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.49%), Allspring Global Investments Holdings LLC (0.38%), Strs Ohio (0.20%), Congress Asset Management Co. MA (0.19%), New York State Common Retirement Fund (0.17%) and Parnassus Investments LLC (0.16%). Insiders that own company stock include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, Roy Vallee, Sassine Ghazi, Steven Walske, Sudhindra Kankanwadi and Trac Pham.
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Shares of SNPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNPS stock can currently be purchased for approximately $349.88.

Synopsys (NASDAQ:SNPS) has a market capitalization of $53.33 billion and generates $5.08 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $6.30 on an earnings per share basis.

The company employs 19,000 workers across the globe.

Synopsys' mailing address is 690 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The official website for the company is www.synopsys.com. The semiconductor company can be reached via phone at (650) 584-5000, via email at synopsys-ir@synopsys.com, or via fax at 650-965-8637.