NASDAQ:SNPS - Synopsys Stock Price, Price Target & More

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

Synopsys announced that its Board of Directors has authorized a stock buyback program on Thursday, April 5th 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Synopsys, Inc. (NASDAQ:SNPS) posted its earnings results on Wednesday, May, 23rd. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.08. The semiconductor company earned $776.80 million during the quarter, compared to the consensus estimate of $775.60 million. Synopsys had a return on equity of 6.55% and a net margin of 3.25%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. View Synopsys' Earnings History.

Synopsys is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for Synopsys.

Synopsys issued an update on its FY18 earnings guidance on Wednesday, May, 23rd. The company provided earnings per share (EPS) guidance of $3.76-3.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.72. The company issued revenue guidance of $3.07-3.10 billion, compared to the consensus revenue estimate of $2.94 billion.Synopsys also updated its Q3 guidance to $0.89-0.93 EPS.

6 brokers have issued 1-year price targets for Synopsys' stock. Their forecasts range from $87.00 to $120.00. On average, they expect Synopsys' share price to reach $104.3333 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price. View Analyst Ratings for Synopsys.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 1 sell rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Synopsys include Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), UBISOFT Entmt S/ADR (UBSFY) and Symantec (SYMC).

Press coverage about SNPS stock has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synopsys earned a coverage optimism score of 0.11 on Accern's scale. They also gave media stories about the semiconductor company an impact score of 49.67 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Synopsys' stock is owned by a number of of retail and institutional investors. Top institutional investors include Swedbank (1.95%), Assenagon Asset Management S.A. (0.26%), Bank of Montreal Can (0.22%), Fisher Asset Management LLC (0.19%), Westpac Banking Corp (0.05%) and Retirement Systems of Alabama (0.05%). Company insiders that own Synopsys stock include Alfred Castino, Brian M Beattie, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, John F Runkel Jr, John Schwarz, Joseph W Logan, 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, Fisher Asset Management LLC, Hartford Investment Management Co., Smith Graham & Co. Investment Advisors LP, Nisa Investment Advisors LLC, Monument Capital Management, Retirement Systems of Alabama and Contravisory Investment Management Inc.. Company insiders that have sold Synopsys company stock in the last year include Chi-Foon Chan, Chrysostomos L Nikias, John F Runkel Jr, Joseph W Logan and Steven Walske. 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., Swedbank, Bank of Montreal Can, Clinton Group Inc., State of Alaska Department of Revenue, Dorsey Wright & Associates, IFM Investors Pty Ltd and Atria Investments LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of SNPS stock can currently be purchased for approximately $91.77.

Synopsys has a market capitalization of $13.73 billion and generates $2.72 billion in revenue each year. The semiconductor company earns $136.56 million in net income (profit) each year or $0.88 on an earnings per share basis. Synopsys employs 11,686 workers across the globe.

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]