Synopsys - SNPS Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNPS shares.
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11 Wall Street research analysts have issued 12 month target prices for Synopsys' shares. Their SNPS share price forecasts range from $360.00 to $467.00. On average, they anticipate the company's share price to reach $416.00 in the next year. This suggests a possible upside of 27.7% from the stock's current price.
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Synopsys' stock was trading at $368.50 at the beginning of the year. Since then, SNPS stock has decreased by 11.6% and is now trading at $325.75.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Synopsys, Inc. (NASDAQ:SNPS) posted its earnings results on Wednesday, December, 1st. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.04. The semiconductor company earned $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Synopsys had a net margin of 19.38% and a trailing twelve-month return on equity of 17.24%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share.
Read the conference call transcript.

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

Synopsys issued an update on its FY23 earnings guidance on Wednesday, November, 30th. The company provided earnings per share (EPS) guidance of $10.28-10.35 for the period, compared to the consensus estimate of $10.04. The company issued revenue guidance of $5.775-5.825 billion, compared to the consensus revenue estimate of $5.65 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.10%), BlackRock Inc. (8.64%), Price T Rowe Associates Inc. MD (4.53%), State Street Corp (4.02%), Pictet Asset Management SA (1.90%) and Massachusetts Financial Services Co. MA (1.41%). 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 $325.75.

Synopsys (NASDAQ:SNPS) has a market capitalization of $49.81 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 16,361 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.