Synopsys - SNPS Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Synopsys in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNPS shares.
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11 brokerages have issued twelve-month price targets for Synopsys' stock. Their SNPS share price forecasts range from $350.00 to $455.00. On average, they predict the company's share price to reach $405.33 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price.
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Synopsys' stock was trading at $368.50 at the beginning of 2022. Since then, SNPS shares have decreased by 10.3% and is now trading at $330.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
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Synopsys, Inc. (NASDAQ:SNPS) released its quarterly earnings data on Wednesday, August, 17th. The semiconductor company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.11. The semiconductor company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Synopsys had a trailing twelve-month return on equity of 18.29% and a net margin of 20.86%. The business's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS.
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Synopsys declared that its board has approved a share buyback plan on Friday, December 10th 2021, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Synopsys issued an update on its fourth quarter 2022 earnings guidance on Wednesday, September, 7th. The company provided earnings per share (EPS) guidance of $1.80-$1.85 for the period. The company issued revenue guidance of $1.26 billion-$1.29 billion, compared to the consensus revenue estimate of $1.26 billion.

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.

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

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

Synopsys' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.23%), State Street Corp (3.99%), JPMorgan Chase & Co. (3.11%), Franklin Resources Inc. (2.44%), FMR LLC (2.08%) and Pictet Asset Management SA (1.98%). Insiders that own company stock include Bruce R Chizen, Chi-Foon Chan, Chrysostomos L Nikias, Geus Aart De, Janice Chaffin, John F Runkel Jr, Joseph W Logan, Mercedes Johnson, Roy Vallee, Sassine Ghazi, Steven Walske, Sudhindra Kankanwadi and Trac Pham.
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Shares of SNPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNPS stock can currently be purchased for approximately $330.50.

Synopsys (NASDAQ:SNPS) has a market capitalization of $50.54 billion and generates $4.20 billion in revenue each year. The semiconductor company earns $757.52 million in net income (profit) each year or $6.59 on an earnings per share basis.

The company employs 16,361 workers across the globe.

Synopsys was founded in 1986.

Synopsys' mailing address is 690 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA, 94043. The official website for the company is www.synopsys.com. The semiconductor company can be reached via phone at (650) 584-5000, via email at synopsys-ir@synopsys.com, or via fax at 650-965-8637.