Synopsys, Inc. (SNPS)

NASDAQ: SNPS · IEX Real-Time Price · USD
560.63
+10.60 (1.93%)
At close: Mar 18, 2024, 4:00 PM
574.97
+14.34 (2.56%)
After-hours: Mar 18, 2024, 7:59 PM EDT
1.93%
Market Cap 85.52B
Revenue (ttm) 6.13B
Net Income (ttm) 1.41B
Shares Out 152.54M
EPS (ttm) 9.06
PE Ratio 61.88
Forward PE 41.12
Dividend n/a
Ex-Dividend Date n/a
Volume 1,027,661
Open 558.59
Previous Close 550.03
Day's Range 555.12 - 565.95
52-Week Range 360.37 - 629.38
Beta 1.06
Analysts Strong Buy
Price Target 614.10 (+9.54%)
Earnings Date May 15, 2024

About 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 pe... [Read more]

Sector Technology
IPO Date Feb 26, 1992
Employees 20,300
Stock Exchange NASDAQ
Ticker Symbol SNPS
Full Company Profile

Financial Performance

In 2023, Synopsys's revenue was $5.84 billion, an increase of 14.98% compared to the previous year's $5.08 billion. Earnings were $1.23 billion, an increase of 24.91%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for SNPS stock is "Strong Buy." The 12-month stock price forecast is $614.1, which is an increase of 9.54% from the latest price.

Price Target
$614.1
(9.54% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Synopsys Showcases EDA Performance and Next-Gen Capabilities with NVIDIA Accelerated Computing, Generative AI and Omniverse

Expanding Decades of Collaboration Across Synopsys' Full EDA Stack News Highlights: Enabling Synopsys' industry-leading full AI-driven EDA stack on the NVIDIA GH200 Grace Hopper Superchip; projecting ...

8 hours ago - PRNewsWire

Synopsys Launches Industry's First Complete 1.6T Ethernet IP Solution to Meet High Bandwidth Needs of AI and Hyperscale Data Center Chips

Solution Helps Future-Proof Infrastructure Using New 1.6T Ethernet Controller IP, Silicon-Proven 224G PHY IP, and Verification IP Highlights: Available now and adopted by multiple customers, Synopsys'...

18 days ago - PRNewsWire

New Synopsys Report Finds 74% of Codebases Contained High-Risk Open Source Vulnerabilities, Surging 54% Since Last Year

The Computer Hardware and Semiconductors industry contained the most open source vulnerabilities classified as high risk, followed by Manufacturing, Industrials and Robotics SUNNYVALE, Calif. , Feb. 2...

20 days ago - PRNewsWire

Synopsys' Annual User Group Conference (SNUG) and Investor Day Kicks Off on March 20

SNUG Features Keynotes from Synopsys CEO Sassine Ghazi and Microsoft Corp VP Plus 100+ Sessions on AI, Silicon Proliferation, Software-Defined Systems, and More SUNNYVALE, Calif. , Feb. 26, 2024 /PRNe...

21 days ago - PRNewsWire

Synopsys Stock Soars To a Record High as AI Boom Drives Bullish Outlook, Earnings Beat

Synopsys Inc. (SNPS) shares surged to an all-time high Thursday, after the software firm posted better-than-expected first-quarter results and guidance on the back of the boom in demand for artificial...

25 days ago - Investopedia

Nvidia's AI Boom Spurs AMD, ARM, Super Micro, Palantir, and Many Other Stocks

CEO Jen-Hsun Huang said AI is “enabling a whole new industry.”

25 days ago - Barrons

Synopsys CEO on earnings, AI growth and chip-maker demand

Sassine Ghazi, Synopsys CEO, joins 'Money Movers' to discuss the comapny's opportunity in the artificial intelligence space, the efforts of the largest tech companies developing their own chips, and m...

25 days ago - CNBC Television

Synopsys's stock is another chip and AI play that's soaring after earnings report

Shares of Synopsys Inc. rocketed into record territory as the semiconductor-design-software company beat quarterly profit expectations and raised its full-year outlook, while touting its “turbocharged...

25 days ago - Market Watch

Synopsys (SNPS) Jumps After Earnings

Synopsys (SNPS) jumps after better-than-expected 1Q earnings and strong guidance. Its 1Q adjusted EPS came in at $3.56 versus an estimated $3.43 and revenue came in at $1.65B versus an estimated $1.65...

25 days ago - Schwab Network

Synopsys expects strong second quarter on AI-powered chip design demand

Synopsys forecast second-quarter revenue and profit above Wall Street estimates on Wednesday, anticipating a surge in demand for its software to design complex and artificial intelligence-compatible c...

26 days ago - Reuters

Synopsys Posts Financial Results for First Quarter Fiscal Year 2024

Results Summary Record quarterly revenue of $1.649 billion, up approximately 21% year over year. Quarterly GAAP earnings per diluted share of $2.89; non-GAAP earnings per diluted share of $3.56, which...

26 days ago - PRNewsWire

Synopsys and Intel Foundry Accelerate Advanced Chip Designs with Synopsys IP and Certified EDA Flows for Intel 18A Process

Close Collaboration with EDA Flows and Broad IP Portfolio Enables Chipmakers to Boost Performance and Speed Time to Market Highlights: Synopsys digital and analog EDA flows are certified and optimized...

26 days ago - PRNewsWire

AI drives broad gains in chips

CNBC's Kristina Partsinevelos joins ‘Halftime Report' to discuss the latest news on AI driving broad gains in the semiconductor sector.

Other symbols: ANETARMMPWRNVDASMHTSM
5 weeks ago - CNBC Television

Synopsys' Global Channels & Alliances VP, Tom Herrmann Recognized as 2024 CRN® Channel Chief

SUNNYVALE, Calif. , Feb. 5, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that CRN®, a brand of The Channel Company, has named Tom Herrmann, Global Vice President of Channels & Al...

6 weeks ago - PRNewsWire

Synopsys Announces Earnings Release Date For First Quarter Fiscal Year 2024

SUNNYVALE, Calif. , Jan. 25, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced it will report results for the first quarter fiscal year 2024 on Wednesday, Feb. 21, 2024, after the mar...

7 weeks ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Ansys

NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Ansys (NASDAQ: ANSS) and its board of directors concerning the proposed acquisition of ...

Other symbols: ANSS
2 months ago - PRNewsWire

The announcement Synopsys will buy Ansys for $35B is a relationship years in the making

Bloomberg News Managing Editor of Technology and Global Cybersecurity Lynn Doan joins Bloomberg Radio to break down the news Synopsys will buy software maker Ansys for $35 Billion -------- Get more on...

Other symbols: ANSS
2 months ago - Bloomberg Markets and Finance

Synopsys CEO talks $35 billion Ansys deal

Sassine Ghazi, Synopsys CEO, joins 'Closing Bell Overtime' to talk its acquisition of Ansys for $35 billion and its regulatory timeline.

Other symbols: ANSS
2 months ago - CNBC Television

Synopsys agrees to buy system design firm Ansys for $35B

Chip design firm Synopsys has agreed to acquire simulation and analysis firm Ansys in a deal worth $35 billion.

Other symbols: ANSS
2 months ago - VentureBeat

Synopsys Stock Rises After $35 Billion Ansys Acquisition

Synopsys Inc. (SNPS) stock jumped early Tuesday after the company announced a cash-and-stock acquisition of Ansys Inc. (ANSS) after a seven-year relationship in semiconductor design and simulation bet...

Other symbols: ANSS
2 months ago - Investopedia

Midday Movers: Boeing Tumbles on Safety Inspections, Synopsys Rises on Ansys Deal

U.S. equities started the shortened trading week lower at midday as the yield on the 10-year Treasury note jumped above 4% amid concerns that expectations of Fed rate cuts this year might be overblown...

Other symbols: ANSSBA
2 months ago - Investopedia

Synopsys Strikes $35 Billion Deal to Buy Ansys

The deal was the latest sign of changes in the tech sector, as artificial intelligence booms and sales of some hardware slows.

Other symbols: ANSS
2 months ago - NYTimes

Endura Technologies Appoints New CEO, and Strategic Board Members to Accelerate Growth of System-on-Chip Power Delivery Pioneer

SAN DIEGO , Jan. 16, 2024 /PRNewswire/ -- Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, announces a significant transformation in its leade...

Other symbols: QCOM
2 months ago - PRNewsWire

Faber Report: Synopsys to buy graphics software maker Ansys in $35 billion tech deal

CNBC's David Faber reports on Synopsys' acquisition of Ansys.

Other symbols: ANSS
2 months ago - CNBC Television

Synopsys Buys Ansys for $35 Billion in Biggest Tech Deal of Year So Far

The merger of the design-software companies is expected to close next year.

Other symbols: ANSS
2 months ago - Barrons