NASDAQ:SNPS - Synopsys Stock Price, Forecast & News

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

Synopsys declared that its Board of Directors has authorized a stock repurchase plan on Thursday, April 5th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings results on Wednesday, December, 4th. The semiconductor company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The semiconductor company had revenue of $851.10 million for the quarter, compared to analyst estimates of $847.34 million. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. View Synopsys' Earnings History.

Synopsys is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Synopsys.

Synopsys will be holding an earnings conference call on Wednesday, February 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Synopsys updated its FY20 earnings guidance on Wednesday, December, 4th. The company provided earnings per share guidance of $5.18-5.25 for the period, compared to the Thomson Reuters consensus estimate of $5.07. The company issued revenue guidance of $3.6-3.65 billion, compared to the consensus revenue estimate of $3.62 billion.

8 analysts have issued twelve-month price objectives for Synopsys' stock. Their forecasts range from $140.00 to $180.00. On average, they expect Synopsys' share price to reach $160.75 in the next year. This suggests that the stock has a possible downside of 1.6%. View Analyst Price Targets for Synopsys.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Synopsys.

News headlines about SNPS stock have trended very negative on Monday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Synopsys earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Synopsys.

Synopsys saw a increase in short interest in January. As of January 15th, there was short interest totalling 2,130,000 shares, an increase of 17.0% from the December 31st total of 1,820,000 shares. Based on an average daily volume of 943,900 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the shares of the stock are short sold. View Synopsys' Current Options Chain.

Some companies that are related to Synopsys include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), ANSYS (ANSS), Cadence Design Systems (CDNS), SS&C Technologies (SSNC), Citrix Systems (CTXS), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Aspen Technology (AZPN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Synopsys investors own include NVIDIA (NVDA), Paypal (PYPL), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), Walt Disney (DIS), Xilinx (XLNX), salesforce.com (CRM), Square (SQ) and Netflix (NFLX).

Synopsys' stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.39%), Parnassus Investments CA (2.51%), Pictet Asset Management Ltd. (1.95%), Franklin Resources Inc. (1.35%), FMR LLC (1.23%) and AJO LP (0.86%). Company insiders that own Synopsys stock include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, John F Runkel Jr, John Schwarz, Joseph W Logan, Roy Vallee, 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 Parnassus Investments CA, FMR LLC, Victory Capital Management Inc., Swiss National Bank, Picton Mahoney Asset Management, Virginia Retirement Systems ET AL, State of Tennessee Treasury Department and UBS Asset Management Americas Inc.. Company insiders that have sold Synopsys company stock in the last year include Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, John F Runkel Jr, John Schwarz, Roy Vallee, Steven Walske, Sudhindra Kankanwadi and Trac Pham. View Insider Buying and Selling for Synopsys.

SNPS stock was bought by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Marshall Wace North America L.P., Prudential Financial Inc., AJO LP, Pictet Asset Management Ltd., Franklin Resources Inc., Marshall Wace LLP and MERIAN GLOBAL INVESTORS UK Ltd. 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, Robinhood, Fidelity and Charles Schwab.

One share of SNPS stock can currently be purchased for approximately $163.35.