NASDAQ:SNPS

Synopsys (SNPS) Stock Forecast, Price & News

$449.36

-5.19 (-1.14%)

(As of 06/2/2023 ET)

Compare

Today's Range: $447.57
▼
$457.85
50-Day Range: $364.53
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$464.83
52-Week Range: $267.00
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$468.03

Volume: 1.05 million shs
Average Volume: 1.21 million shs
Market Capitalization: $68.39 billion

P/E Ratio: 75.78
Dividend Yield: N/A
Price Target: $434.70

Synopsys MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 3.3% Downside
$434.70 Price Target
Short Interest: Healthy
0.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.38
Upright™ Environmental Score
News Sentiment: 0.70
Based on 15 Articles This Week
Insider Trading: Selling Shares
$5 M Sold Last Quarter
Proj. Earnings Growth: 8.27%
From $7.50 to $8.12 Per Share

Overall MarketRank^™

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

2.16 out of 5 stars

Computer And Technology Sector

279th out of 609 stocks

Prepackaged Software Industry

81st out of 217 stocks

1.5

Analyst's Opinion

Consensus Rating
Synopsys has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $434.70, Synopsys has a forecasted downside of 3.3% from its current price of $449.36.
Amount of Analyst Coverage
Synopsys has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.89% of the float of Synopsys has been sold short.
Short Interest Ratio / Days to Cover
Synopsys has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Synopsys does not currently pay a dividend.
Dividend Growth
Synopsys does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Synopsys has received a 28.06% net impact score from Upright. Synopsys seems to create the most significant positive value in categories "Taxes", "Creating knowledge", and "Jobs". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Engineering simulation software", "Electronics prototyping services", and "Software defect tracking software" products. See details.
Environmental Sustainability
The Environmental Impact score for Synopsys is -1.38.

3.7

News and Social Media Coverage

News Sentiment
Synopsys has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Synopsys this week, compared to 8 articles on an average week.
Search Interest
35 people have searched for SNPS on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
MarketBeat Follows
20 people have added Synopsys to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Synopsys insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,996,829.00 in company stock.
Percentage Held by Insiders
Only 0.69% of the stock of Synopsys is held by insiders.
Percentage Held by Institutions
84.68% of the stock of Synopsys is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Synopsys are expected to grow by 8.27% in the coming year, from $7.50 to $8.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Synopsys is 75.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Synopsys is 75.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 322.48.
Price to Earnings Growth Ratio
Synopsys has a PEG Ratio of 3.88. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Synopsys has a P/B Ratio of 11.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

June 2, 2023 | finance.yahoo.com

Synopsys Needs to Catch Its Breath Before Making Further Gains

June 2, 2023 | americanbankingnews.com

John F. Runkel, Jr. Sells 1,831 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

June 3, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>

June 2, 2023 | finance.yahoo.com

Synopsys Blasted From This Bullish Pattern Found In Many Market Winners

June 1, 2023 | americanbankingnews.com

Synopsys, Inc. (NASDAQ:SNPS) CAO Sudhindra Kankanwadi Sells 3,895 Shares of Stock

May 31, 2023 | forbes.com

Evident In Its Recent Earnings That Synopsys Reaping The Rewards Of Its Long-Term AI Investments

May 31, 2023 | finance.yahoo.com

What Makes Synopsys (SNPS) a Strong Momentum Stock: Buy Now?

May 30, 2023 | msn.com

Synopsys strengthens AI-enhanced collaboration with Arm

June 3, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

May 29, 2023 | finance.yahoo.com

Synopsys and Arm Strengthen Collaboration for Faster Bring-Up of Next-Generation Mobile SoC Designs on the Most Advanced Nodes

May 28, 2023 | fool.com

Synopsys (NASDAQ: SNPS)

May 27, 2023 | markets.businessinsider.com

Synopsys Announces Accelerated Share Repurchase Agreement - Quick Facts

May 26, 2023 | americanbankingnews.com

John F. Runkel, Jr. Sells 2,142 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

May 25, 2023 | msn.com

Why Synopsys Shares Are Shooting Higher Today

May 25, 2023 | msn.com

Synopsys initiates $300M accelerated share repurchase agreement

May 25, 2023 | marketwatch.com

Synopsys in $300M Accelerated Stock Buyback Deal With Mizuho >SNPS

May 25, 2023 | msn.com

Synopsys Unusual Options Activity For May 25

May 23, 2023 | msn.com

Here's How Much $100 Invested In Synopsys 15 Years Ago Would Be Worth Today

May 23, 2023 | finance.yahoo.com

Synopsys Named a Leader in the 2023 Gartner® Magic Quadrant™ for Application Security Testing for Seventh Consecutive Year

May 22, 2023 | finance.yahoo.com

3 Intriguing Tech Stocks to Buy After Earnings

May 22, 2023 | forbes.com

Synopsys Lays Out The Benefits Of AI

May 22, 2023 | finance.yahoo.com

Here's How Much a $1000 Investment in Synopsys Made 10 Years Ago Would Be Worth Today

May 22, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Earns Buy Rating from Analysts at StockNews.com

May 22, 2023 | americanbankingnews.com

Synopsys, Inc. (NASDAQ:SNPS) Receives $430.70 Consensus Target Price from Analysts

May 21, 2023 | americanbankingnews.com

Robert W. Baird Raises Synopsys (NASDAQ:SNPS) Price Target to $447.00

May 21, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Price Target Raised to $420.00

May 21, 2023 | americanbankingnews.com

Synopsys (NASDAQ:SNPS) Given New $448.00 Price Target at Rosenblatt Securities

See More Headlines

SNPS Price History

30 days | 90 days | 365 days | Advanced Chart

SNPS Company Calendar

Last Earnings: 5/17/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/16/2023
Fiscal Year End: 10/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:SNPS
CUSIP: 87160710
CIK: 883241
Web: www.synopsys.com
Phone: (650) 584-5000
Fax: 650-965-8637
Employees: 19,000
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $434.70
High Stock Price Forecast: $467.00
Low Stock Price Forecast: $400.00
Forecasted Upside/Downside: -3.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.91
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.93
Trailing P/E Ratio: 75.78
Forward P/E Ratio: 59.91
P/E Growth: 3.88
Net Income: $984.59 million
Net Margins: 17.41%
Pretax Margin: 19.27%
Return on Equity: 16.29%
Return on Assets: 9.66%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.15
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $5.08 billion
Price / Sales: 13.46
Cash Flow: $8.31 per share
Price / Cash Flow: 54.05
Book Value: $38.35 per share
Price / Book: 11.72

Miscellaneous

Outstanding Shares: 152,200,000
Free Float: 151,150,000
Market Cap: $68.39 billion
Optionable: Optionable
Beta: 1.17

Social Links

Key Executives

Aart J. de Geus
Chairman & Co-Chief Executive Officer

Chi-Foon Chan
Co-Chief Executive Officer

Sassine Ghazi
President & Chief Operating Officer

Shelagh M. Glaser
Chief Financial Officer

Sriram Sitaraman
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SNPS Stock - Frequently Asked Questions

Should I buy or sell Synopsys stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street 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?: 11 Wall Street analysts have issued 12-month price objectives for Synopsys' shares. Their SNPS share price forecasts range from $400.00 to $467.00. On average, they predict the company's stock price to reach $434.70 in the next year. This suggests that the stock has a possible downside of 3.3%.
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 on January 1st, 2023. Since then, SNPS shares have increased by 40.7% and is now trading at $449.36.
View the best growth stocks for 2023 here.
When is Synopsys' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our SNPS earnings forecast.
How were Synopsys' earnings last quarter?: Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings data on Wednesday, May, 17th. The semiconductor company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.07. The semiconductor company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Synopsys had a net margin of 17.41% and a trailing twelve-month return on equity of 16.29%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 earnings per share.
Read the conference call transcript.
What ETFs hold Synopsys' stock?: ETFs with the largest weight of Synopsys (NASDAQ:SNPS) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Invesco Dynamic Software ETF (PSJ), Franklin Intelligent Machines ETF (IQM), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco Focused Discovery Growth ETF (IVDG), BlackRock Future Tech ETF (BTEK), VanEck Semiconductor ETF (SMH) and iShares Expanded Tech-Software Sector ETF (IGV).
How will Synopsys' stock buyback program work?: Synopsys announced that its board has initiated a stock buyback plan on Thursday, September 1st 2022, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
What guidance has Synopsys issued on next quarter's earnings?: Synopsys issued an update on its FY23 earnings guidance on Wednesday, May, 17th. The company provided earnings per share guidance of $10.77-$10.84 for the period, compared to the consensus estimate of $10.58. The company issued revenue guidance of $5.79-$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 shareholders include BlackRock Inc. (8.36%), State Street Corp (4.27%), Price T Rowe Associates Inc. MD (3.70%), JPMorgan Chase & Co. (3.07%), Franklin Resources Inc. (2.42%) and FMR LLC (2.26%). Insiders that own company stock include 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 $449.36.
How much money does Synopsys make?: Synopsys (NASDAQ:SNPS) has a market capitalization of $68.39 billion and generates $5.08 billion in revenue each year. The semiconductor company earns $984.59 million in net income (profit) each year or $5.93 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 6/3/2023 by MarketBeat.com Staff

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Synopsys (SNPS) Stock Forecast, Price & News

Synopsys MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Synopsys (NASDAQ:SNPS) Stock

SNPS Stock News Headlines

SNPS Price History

SNPS Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SNPS Stock - Frequently Asked Questions

Overall MarketRank^™