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Synopsys (SNPS) Stock Price, News & Analysis

$495.56
-10.83 (-2.14%)
(As of 10/1/2024 ET)

About Synopsys Stock (NASDAQ:SNPS)

Key Stats

Today's Range
$490.56
$508.36
50-Day Range
$463.97
$564.68
52-Week Range
$448.26
$629.38
Volume
1.12 million shs
Average Volume
1.09 million shs
Market Capitalization
$76.12 billion
P/E Ratio
53.87
Dividend Yield
N/A
Price Target
$638.00
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
100th Percentile Overall Score

SNPS MarketRank™: 

Synopsys scored higher than 100% of companies evaluated by MarketBeat, and ranked 2nd out of 664 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 9 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Synopsys has been the subject of 5 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 53.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.83.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Synopsys is 53.87, 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 234.65.

  • Price to Earnings Growth Ratio

    Synopsys has a PEG Ratio of 3.39. 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 9.87. 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

    1.74% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synopsys has recently decreased by 8.53%, indicating that investor sentiment is improving 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

    1.74% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Synopsys has recently decreased by 8.53%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Synopsys has a news sentiment score of 0.89. 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 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Synopsys this week, compared to 15 articles on an average week.
  • Search Interest

    Only 25 people have searched for SNPS on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • MarketBeat Follows

    19 people have added Synopsys to their MarketBeat watchlist in the last 30 days. This is an increase of 19% 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 $37,173,297.00 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.
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SNPS Stock News Headlines

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SNPS Stock Analysis - Frequently Asked Questions

Synopsys' stock was trading at $514.91 at the beginning of 2024. Since then, SNPS shares have decreased by 3.8% and is now trading at $495.56.
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 (EPS) for the quarter, topping 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
.

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

Synopsys' top institutional shareholders include Jacobs & Co. CA (0.01%). 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
10/01/2024
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
$638.00
High Stock Price Target
$690.00
Low Stock Price Target
$550.00
Potential Upside/Downside
+28.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
25.67%

Debt

Sales & Book Value

Annual Sales
$5.84 billion
Cash Flow
$9.90 per share
Book Value
$50.22 per share

Miscellaneous

Free Float
152,205,000
Market Cap
$76.12 billion
Optionable
Optionable
Beta
1.08

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This page (NASDAQ:SNPS) was last updated on 10/2/2024 by MarketBeat.com Staff
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