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S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
Penny Stock Shows Big Potential (Ad)
These 3 Dividend Growers Yield More Than the 10-Year Note
Closing prices for crude oil, gold and other commodities
Penny Stock Shows Big Potential (Ad)
GameStop Shares Surge On Surprise Profit
Want Diversified Upside in Biotechnology? Check out LABU
Penny Stock Shows Big Potential (Ad)
What is the Consumer Staples Sector?
Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
Penny Stock Shows Big Potential (Ad)
These 3 Dividend Growers Yield More Than the 10-Year Note
Closing prices for crude oil, gold and other commodities
Penny Stock Shows Big Potential (Ad)
GameStop Shares Surge On Surprise Profit
Want Diversified Upside in Biotechnology? Check out LABU
Penny Stock Shows Big Potential (Ad)
What is the Consumer Staples Sector?
Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
Penny Stock Shows Big Potential (Ad)
These 3 Dividend Growers Yield More Than the 10-Year Note
Closing prices for crude oil, gold and other commodities
Penny Stock Shows Big Potential (Ad)
GameStop Shares Surge On Surprise Profit
Want Diversified Upside in Biotechnology? Check out LABU
Penny Stock Shows Big Potential (Ad)
What is the Consumer Staples Sector?
Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
NASDAQ:SNPS

Synopsys - SNPS Stock Forecast, Price & News

$371.35
-3.01 (-0.80%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$371.17
$381.86
50-Day Range
$331.28
$379.48
52-Week Range
$255.02
$391.17
Volume
722,562 shs
Average Volume
860,314 shs
Market Capitalization
$56.56 billion
P/E Ratio
61.28
Dividend Yield
N/A
Price Target
$424.18

Synopsys MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
14.2% Upside
$424.18 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.31mentions of Synopsys in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$21.59 M Sold Last Quarter
Proj. Earnings Growth
11.67%
From $7.20 to $8.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Computer And Technology Sector

279th out of 602 stocks

Prepackaged Software Industry

99th out of 212 stocks


SNPS stock logo

About Synopsys (NASDAQ:SNPS) Stock

Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It operates through the following segments: Semiconductor and System Design, and Software Integrity. The Semiconductor and System Design segment includes the EDA, IP and System Integration. The Software Integrity segment helps organizations align people, processes, and technology to intelligently address software risks across their portfolio and at all stages of the application lifecycle. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Mountain View, CA.

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SNPS Stock News Headlines

Is Chip Design Specialist Synopsys A Gem Hiding In Plain Sight?
Chip design software maker Synopsys has been consolidating since February. Its technical and fundamental strength suggests it may be ready to notch more gains.
Synopsys (NASDAQ:SNPS) Now Covered by Analysts at StockNews.com
Penny Stock Shows Big Potential
The $4.37 trillion wellness market and the little-known penny stock to get on radar now.
Penny Stock Shows Big Potential
The $4.37 trillion wellness market and the little-known penny stock to get on radar now.
Top Analyst Reports for Intel, Synopsys & FedEx
Synopsys to Present at Needham Growth Conference
Should You Hold Synopsys (SNPS)?
Synopsys Remains Stable In The 'Smart Everything World'
See More Headlines
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SNPS Company Calendar

Last Earnings
2/15/2023
Today
3/23/2023
Next Earnings (Estimated)
5/17/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
Employees
19,000
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$424.18
High Stock Price Forecast
$467.00
Low Stock Price Forecast
$360.00
Forecasted Upside/Downside
+14.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$984.59 million
Pretax Margin
20.64%

Debt

Sales & Book Value

Annual Sales
$5.17 billion
Cash Flow
$8.38 per share
Book Value
$36.10 per share

Miscellaneous

Free Float
151,251,000
Market Cap
$56.56 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Aart J. de Geus
    Chairman & Co-Chief Executive Officer
  • Chi-Foon ChanChi-Foon Chan
    Co-Chief Executive Officer
  • Sassine GhaziSassine Ghazi
    President & Chief Operating Officer
  • Shelagh M. Glaser
    Chief Financial Officer
  • Sriram Sitaraman
    Chief Information Officer













SNPS Stock - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNPS shares.
View SNPS analyst ratings
or view top-rated stocks.

What is Synopsys' stock price forecast for 2023?

12 brokerages have issued 1 year price targets for Synopsys' shares. Their SNPS share price forecasts range from $360.00 to $467.00. On average, they expect the company's stock price to reach $424.18 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
View analysts price targets for SNPS
or view top-rated stocks among Wall Street analysts.

How have SNPS shares performed in 2023?

Synopsys' stock was trading at $319.29 at the start of the year. Since then, SNPS stock has increased by 16.3% and is now trading at $371.35.
View the best growth stocks for 2023 here
.

Are investors shorting Synopsys?

Synopsys saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,900,000 shares, an increase of 21.8% from the February 13th total of 1,560,000 shares. Based on an average trading volume of 810,200 shares, the short-interest ratio is presently 2.3 days. Approximately 1.3% of the shares of the company are short sold.
View Synopsys' Short Interest
.

When is Synopsys' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
View our SNPS earnings forecast
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) posted its earnings results on Wednesday, February, 15th. The semiconductor company reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $2.50 by $0.12. The semiconductor company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.36 billion. Synopsys had a net margin of 18.22% and a trailing twelve-month return on equity of 16.88%. The business's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS.
Read the conference call transcript
.

How will Synopsys' stock buyback program work?

Synopsys announced that its board has authorized a stock buyback program on Thursday, September 1st 2022, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

What guidance has Synopsys issued on next quarter's earnings?

Synopsys issued an update on its FY 2023 earnings guidance on Saturday, February, 18th. The company provided EPS guidance of $10.53-$10.60 for the period, compared to the consensus estimate of $10.38. The company issued revenue guidance of $5.78 billion-$5.83 billion, compared to the consensus revenue estimate of $5.80 billion.

What is Dr. Aart J. de Geus and Dr. Chi-Foon Chan's approval rating as Synopsys' CEO?

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.

What other stocks do shareholders of Synopsys own?

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).

What is Synopsys' stock symbol?

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

Who are Synopsys' major shareholders?

Synopsys' stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (3.54%), JPMorgan Chase & Co. (3.14%), Franklin Resources Inc. (2.52%), Geode Capital Management LLC (2.09%), Norges Bank (1.83%) and T. Rowe Price Investment Management Inc. (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.
View institutional ownership trends
.

How do I buy shares of Synopsys?

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.
Compare Top Brokerages Here.

What is Synopsys' stock price today?

One share of SNPS stock can currently be purchased for approximately $371.35.

How much money does Synopsys make?

Synopsys (NASDAQ:SNPS) has a market capitalization of $56.56 billion and generates $5.17 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $6.06 on an earnings per share basis.

How many employees does Synopsys have?

The company employs 19,000 workers across the globe.

Does Synopsys have any subsidiaries?
The following companies are subsidiares of Synopsys: Accelerant Networks, Advanced Test Technology Inc., Analog Design Automation, Arcad SA, ArchPro Design Automation, Avant! Corp., Black Duck Software, Black Duck Software Inc., Cadis GmbH, Cascade Semiconductor Solutions, Chipidea Microelectrónica, Cigital, CiraNova, Co-Design Automation, CoWare, Codenomicon, Codiscope, Compiled Designs GmbH, Conversant Intellectual Property Management, Coverity, Coverity LLC, EPIC Design Technology, Elliptic Technologies, Emulation and Verification Engineering, Everest Design Automation, ExperTest, ExpertIO, Extreme DA, Forcheck, Gambit Automated Design, Gemini Design Technology, Goanna Software, Gold Standard Simulations, HPL Technologies Inc., InnoLogic Systems, Integrated Systems Engineering, Kilopass Technology, LEDA Systems, Leda SA, Logic Modeling Corporation, Magma Design Automation, MoSys Inc., Monterey Design Systems, Moortec Semiconductor, Nassda, Nihon Synopsys G.K., Numerical Technologies Inc., Nusym Technology, Optical Research Associates, PhoeniX Software, Pro Design Electronic - CHIPit, Progressant Technologies, Protecode, QTronic GmbH, QuantumWise, RSoft Design Group, Radiant Design Tools, SIGMA-C Software AG, SNPS Ireland New Limited, Sandwork Design Inc., Sidense, Silicon Architects, Simpleware, Smartech Oy, SpringSoft, Stanza Systems, Synfora, Synopsys (India) Private Limited, Synopsys Emulation and Verification S.A.S., Synopsys Global Kft., Synopsys International Limited, Synopsys International Old Unlimited Company, Synopsys International Services Inc., Synopsys Ireland New Limited, Synopsys Ireland Unlimited Company, Synopsys Korea Inc., Synopsys Netherlands B.V., Synopsys Taiwan Co. Ltd., Synopsys Technologies Company Limited, Synopsys Technologies Holding LLC, Synopsys USIE Holdings LLC, Synplicity Inc, Systems Science, Target Compiler Technologies, Terrain EDA, Tinfoil Security, TriCN Associates, VaST Systems Technology, Viewlogic Systems, Virage Logic Corporation, Virtio, WinterLogic, ZEROSOFT, inSilicon Corp., and nSys Design Systems.
Read More
How can I contact Synopsys?

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.

This page (NASDAQ:SNPS) was last updated on 3/23/2023 by MarketBeat.com Staff