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NASDAQ:SNPS

Synopsys Stock Forecast, Price & News

$236.88
+2.41 (+1.03 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$234.57
Now: $236.88
$240.12
50-Day Range
$213.86
MA: $224.55
$241.78
52-Week Range
$104.90
Now: $236.88
$246.69
Volume874,683 shs
Average Volume1.02 million shs
Market Capitalization$35.95 billion
P/E Ratio58.63
Dividend YieldN/A
Beta1.15
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. The company also offers intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals. In addition, it provides logic libraries and embedded memories; configurable processor cores and application-specific instruction-set processor tools for embedded applications; IP subsystems for audio, sensor, and data fusion functionality; and security IP solutions. Further, the company offers Platform Architect tools for SoC architecture analysis and optimization; virtual prototyping solutions; and HAPS FPGA-based prototyping systems, as well as a series of tools used in the design of optical systems and photonic devices. Additionally, it provides security testing, managed services, programs and professional services, and training that enable its customers to detect and remediate security vulnerabilities, and defects in the software development lifecycle; manufacturing solutions; and professional and other services. It has a collaboration with IBM Research's AI Hardware Center to advance the development of chip architectures and design methodologies critical to the next generation of AI chips. The company was founded in 1986 and is headquartered in Mountain View, California.
Synopsys logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryApplication Software
Current SymbolNASDAQ:SNPS
CUSIP87160710
Phone650-584-5000
Employees13,896

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.36 billion
Cash Flow$5.60 per share
Book Value$27.21 per share

Profitability

Net Income$532.37 million

Miscellaneous

Market Cap$35.95 billion
Next Earnings Date2/17/2021 (Estimated)
OptionableOptionable
$236.88
+2.41 (+1.03 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Synopsys (NASDAQ:SNPS) Frequently Asked Questions

How has Synopsys' stock been impacted by Coronavirus?

Synopsys' stock was trading at $131.74 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNPS shares have increased by 79.8% and is now trading at $236.88.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Synopsys?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last year. There are currently 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Synopsys
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Synopsys?

Wall Street analysts have given Synopsys a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Synopsys wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Synopsys' next earnings date?

Synopsys is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Synopsys
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) announced its quarterly earnings data on Tuesday, December, 1st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.57 by $0.01. The semiconductor company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. Synopsys had a net margin of 17.88% and a return on equity of 14.66%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 earnings per share.
View Synopsys' earnings history
.

How will Synopsys' stock buyback program work?

Synopsys announced that its Board of Directors has authorized a stock buyback program on Friday, June 19th 2020, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 1.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

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

Synopsys updated its FY21 earnings guidance on Wednesday, December, 2nd. The company provided earnings per share guidance of $6.23-$6.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.16. The company issued revenue guidance of $4.0-$4.05 billion, compared to the consensus revenue estimate of $3.98 billion.

What price target have analysts set for SNPS?

13 brokerages have issued 1 year price targets for Synopsys' stock. Their forecasts range from $160.00 to $285.00. On average, they expect Synopsys' share price to reach $234.85 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for Synopsys
.

Are investors shorting Synopsys?

Synopsys saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,430,000 shares, a decrease of 29.6% from the October 15th total of 2,030,000 shares. Based on an average daily trading volume, of 760,200 shares, the short-interest ratio is currently 1.9 days.
View Synopsys' Short Interest
.

Who are some of Synopsys' key competitors?

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), Square (SQ), salesforce.com (CRM), Advanced Micro Devices (AMD), Adobe (ADBE), Tesla (TSLA), Netflix (NFLX) and Micron Technology (MU).

Who are Synopsys' key executives?

Synopsys' management team includes the following people:
  • Dr. Aart J. de Geus, Co-Founder, Chairman & Co-CEO (Age 66, Pay $1.84M)
  • Dr. Chi-Foon Chan, Co-CEO, Pres & Director (Age 71, Pay $1.84M)
  • Mr. Trac Pham, Chief Financial Officer (Age 51, Pay $869.65k)
  • Mr. John F. Runkel Jr., Gen. Counsel & Corp. Sec. (Age 64, Pay $685.15k)
  • Mr. Joseph W. Logan, Sales & Corp. Marketing Officer (Age 60, Pay $1.13M)
  • Mr. Sassine Ghazi, Chief Operating Officer
  • Mr. Sudhindra Kankanwadi, Principal Accounting Officer, VP & Corp. Controller (Age 49)
  • Mr. Sriram Sitaraman, Chief Information Officer
  • Ms. Lisa L. Ewbank, VP of Investor Relations
  • Ms. Janet Sue Collinson, HR & Facilities Officer (Age 59)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.43%), State Street Corp (4.29%), JPMorgan Chase & Co. (4.26%), Alkeon Capital Management LLC (1.77%), Nuveen Asset Management LLC (1.56%) and Massachusetts Financial Services Co. MA (1.18%). Company insiders that own Synopsys stock include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, John Schwarz, Joseph W Logan, Mercedes Johnson, Roy Vallee, Steven Walske, Sudhindra Kankanwadi and Trac Pham.
View institutional ownership trends for Synopsys
.

Which major investors are selling Synopsys stock?

SNPS stock was sold by a variety of institutional investors in the last quarter, including Polar Capital LLP, Polar Capital LLP, AQR Capital Management LLC, Victory Capital Management Inc., Federated Hermes Inc., Champlain Investment Partners LLC, New York State Common Retirement Fund, and Earnest Partners LLC. Company insiders that have sold Synopsys company stock in the last year include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, Steven Walske, and Trac Pham.
View insider buying and selling activity for Synopsys
.

Which major investors are buying Synopsys stock?

SNPS stock was purchased by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Ninety One UK Ltd, Nuveen Asset Management LLC, Massachusetts Financial Services Co. MA, Alkeon Capital Management LLC, Nikko Asset Management Americas Inc., Assenagon Asset Management S.A., and JPMorgan Chase & Co..
View insider buying and selling activity for Synopsys
.

How do I buy shares of 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.

What is Synopsys' stock price today?

One share of SNPS stock can currently be purchased for approximately $236.88.

How big of a company is Synopsys?

Synopsys has a market capitalization of $35.95 billion and generates $3.36 billion in revenue each year. The semiconductor company earns $532.37 million in net income (profit) each year or $3.45 on an earnings per share basis. Synopsys employs 13,896 workers across the globe.

What is Synopsys' official website?

The official website for Synopsys is www.synopsys.com.

How can I contact Synopsys?

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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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