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Synopsys (SNPS) Stock Price, News & Analysis

$495.95
-6.30 (-1.25%)
(As of 09/18/2024 ET)

About Synopsys Stock (NASDAQ:SNPS)

Key Stats

Today's Range
$493.09
$506.85
50-Day Range
$463.97
$616.01
52-Week Range
$440.62
$629.38
Volume
1.07 million shs
Average Volume
1.09 million shs
Market Capitalization
$75.99 billion
P/E Ratio
53.91
Dividend Yield
N/A
Price Target
$630.09
Consensus Rating
Buy

Company Overview

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.

Synopsys Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 99th Percentile

Synopsys scored higher than 99% of companies evaluated by MarketBeat, and ranked 11th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Synopsys has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Synopsys has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Synopsys' stock forecast and price target.
  • Earnings Growth

    Earnings for Synopsys are expected to grow by 15.66% in the coming year, from $9.45 to $10.93 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Synopsys is 53.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.45.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Synopsys is 53.91, 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 275.17.

  • Price to Earnings Growth Ratio

    Synopsys has a PEG Ratio of 3.23. 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 9.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Synopsys' valuation and earnings.
  • Percentage of Shares Shorted

    1.91% of the outstanding shares of Synopsys have been sold short.
  • Short Interest Ratio / Days to Cover

    Synopsys has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synopsys has recently increased by 12.26%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Synopsys does not currently pay a dividend.

  • Dividend Growth

    Synopsys does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.91% of the outstanding shares of Synopsys have been sold short.
  • Short Interest Ratio / Days to Cover

    Synopsys has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synopsys has recently increased by 12.26%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Synopsys has a news sentiment score of 1.22. 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 0.54 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for Synopsys this week, compared to 15 articles on an average week.
  • Search Interest

    40 people have searched for SNPS on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
  • MarketBeat Follows

    22 people have added Synopsys to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.
  • 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 $44,616,637.00 in company stock.

  • Percentage Held by Insiders

    Only 0.66% of the stock of Synopsys is held by insiders.

  • Percentage Held by Institutions

    85.47% of the stock of Synopsys is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Synopsys' insider trading 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.
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A Look At The Fair Value Of Synopsys, Inc. (NASDAQ:SNPS)
See More Headlines

SNPS Stock Analysis - Frequently Asked Questions

Synopsys' stock was trading at $514.91 at the beginning of the year. Since then, SNPS shares have decreased by 3.7% and is now trading at $495.95.
View the best growth stocks for 2024 here
.

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

The following companies are subsidiaries of Synopsys: Moortec Semiconductor, Terrain EDA, Tinfoil Security, QTronic GmbH, PhoeniX Software, Kilopass Technology, Black Duck Software, and others.

Top institutional shareholders of Synopsys 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
.

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.

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).

Company Calendar

Last Earnings
8/21/2024
Today
9/18/2024
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
+27.0%
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
$6.48 billion
Cash Flow
$10.40 per share
Book Value
$50.22 per share

Miscellaneous

Free Float
152,205,000
Market Cap
$75.99 billion
Optionable
Optionable
Beta
1.08

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Should I Buy Synopsys Stock? SNPS Pros and Cons Explained

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.

Synopsys
Bull Case

green Wall Street bull icon

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.

Synopsys
Bear Case

red Wall Street bear icon

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.

This page (NASDAQ:SNPS) was last updated on 9/19/2024 by MarketBeat.com Staff
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