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Synopsys (SNPS) Stock Price, News & Analysis

$463.97
-12.06 (-2.53%)
(As of 09/6/2024 ET)
Today's Range
$462.42
$482.00
50-Day Range
$463.97
$621.30
52-Week Range
$440.62
$629.38
Volume
1.14 million shs
Average Volume
1.00 million shs
Market Capitalization
$71.27 billion
P/E Ratio
50.43
Dividend Yield
N/A
Price Target
$630.09

Synopsys MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.8% Upside
$630.09 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
1.10mentions of Synopsys in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$45.15 M Sold Last Quarter
Proj. Earnings Growth
15.66%
From $9.45 to $10.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Computer And Technology Sector

5th out of 594 stocks

Prepackaged Software Industry

1st out of 202 stocks

SNPS stock logo

About Synopsys Stock (NASDAQ:SNPS)

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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. It also provides intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, MIPI, HDMI, and Bluetooth low energy applications; logic libraries and embedded memories; processor cores, software, and application-specific instruction-set processor tools for embedded applications; security IP solutions; IP solutions for automotive market; and system-on-chip (SoC) 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, the company offers HAPS FPGA-based prototyping systems; virtual prototyping solutions; and Platform Architect solutions for SoC architecture analysis and optimization, as well as optical products, and mechatronic simulations. Further, it provides security and quality testing products, 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, as well as manufacturing solutions. Additionally, the company provides intelligent orchestration solution, software risk manager, and black duck software composition analysis tools. It serves electronics, financial services, automotive, medicine, energy, and industrial areas. The company was incorporated in 1986 and is headquartered in Sunnyvale, California.

SNPS Stock Price History

SNPS Stock News Headlines

Electronic circuit board — Photo
Synopsys: Looking to Stay Ahead of Industry Trends after Solid Q3
Synopsys beat estimates on adjusted earnings per share and revenue. Answers to questions in the earnings call also gave positive signals.
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Short Interest in Synopsys, Inc. (NASDAQ:SNPS) Drops By 19.2%
SNPS Sep 2024 770.000 call
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Synopsys' (SNPS) "Overweight" Rating Reaffirmed at Piper Sandler
See More Headlines
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Company Calendar

Last Earnings
8/21/2024
Today
9/07/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
12/04/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:SNPS
CUSIP
87160710
Employees
20,300
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$630.09
High Stock Price Target
$690.00
Low Stock Price Target
$550.00
Potential Upside/Downside
+35.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
25.67%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$9.96 per share
Book Value
$50.22 per share

Miscellaneous

Free Float
152,205,000
Market Cap
$71.27 billion
Optionable
Optionable
Beta
1.08

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Should I Buy Synopsys Stock? SNPS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Synopsys, Inc.:

  • Synopsys, Inc. has a strong market capitalization of $84.12 billion, indicating stability and potential for growth.
  • The company's recent quarterly earnings report showed a positive revenue trend, with a 15.2% increase year-over-year, reflecting a healthy financial performance.
  • Analysts have given Synopsys a consensus rating of "Buy" with an average target price of $629.00, suggesting confidence in the company's future prospects.
  • The stock price of Synopsys, Inc. has been showing an upward trend, currently trading at $564.68, indicating positive investor sentiment.
  • Synopsys operates in three segments: Design Automation, Design IP, and Software Integrity, diversifying its revenue streams and reducing risk.

Cons

Investors should be bearish about investing in Synopsys, Inc. for these reasons:

  • The price-to-earnings ratio of Synopsys, Inc. is relatively high at 59.67, which may indicate an overvalued stock compared to industry peers.
  • The price-to-earnings-growth ratio of 3.39 suggests that the stock may be considered expensive relative to its earnings growth potential.
  • While the company has seen revenue growth, missing analysts' consensus estimates in the previous quarter by $0.03 EPS could raise concerns about future performance.
  • The beta of 1.07 indicates that the stock's price is more volatile compared to the overall market, potentially leading to higher risk for investors.
  • Investors should consider the 1-year high of $629.38 for Synopsys, Inc. as a potential resistance level that could impact short-term price movements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 25, 2024. Please send any questions or comments about these Synopsys pros and cons to contact@marketbeat.com.

SNPS Stock Analysis - Frequently Asked Questions

How have SNPS shares performed this year?

Synopsys' stock was trading at $514.91 on January 1st, 2024. Since then, SNPS shares have decreased by 9.9% and is now trading at $463.97.
View the best growth stocks for 2024 here
.

How were Synopsys' earnings last quarter?

Synopsys, Inc. (NASDAQ:SNPS) released its earnings results on Wednesday, August, 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.15. The firm's quarterly revenue was up 12.7% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Synopsys have any subsidiaries?

Synopsys subsidiaries include Moortec Semiconductor, Terrain EDA, Tinfoil Security, QTronic GmbH, PhoeniX Software, Kilopass Technology, Black Duck Software, and more.

Who are Synopsys' major shareholders?

Synopsys' top institutional shareholders include Massachusetts Financial Services Co. MA (1.60%), Swedbank AB (1.22%), Ameriprise Financial Inc. (0.92%) and Legal & General Group Plc (0.92%). Insiders that own company stock include Geus Aart De, Joseph W Logan, Sassine Ghazi, Trac Pham, Chrysostomos L Nikias, John F Runkel Jr, Roy Vallee, Sudhindra Kankanwadi, Marc N Casper, Richard S Mahoney, Mercedes Johnson and Chi-Foon Chan.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Synopsys own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Synopsys investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Advanced Micro Devices (AMD) and Adobe (ADBE).

This page (NASDAQ:SNPS) was last updated on 9/7/2024 by MarketBeat.com Staff

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