Synopsys, Inc. (SNPS)

NASDAQ: SNPS · IEX Real-Time Price · USD
306.66
+3.32 (1.09%)
Sep 27, 2022 10:50 AM EDT - Market open
1.09%
Market Cap 46.89B
Revenue (ttm) 4.95B
Net Income (ttm) 1.03B
Shares Out 152.91M
EPS (ttm) 6.50
PE Ratio 47.17
Forward PE 30.67
Dividend n/a
Ex-Dividend Date n/a
Volume 153,291
Open 307.20
Previous Close 303.34
Day's Range 303.30 - 308.72
52-Week Range 255.02 - 391.17
Beta 1.23
Analysts Buy
Price Target 423.68 (+38.2%)
Earnings Date Aug 17, 2022

About SNPS

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides 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,... [Read more...]

Industry Software
IPO Date Feb 26, 1992
CEO Aart de Geus
Employees 16,361
Stock Exchange NASDAQ
Ticker Symbol SNPS
Full Company Profile

Financial Performance

In 2021, Synopsys's revenue was $4.20 billion, an increase of 14.08% compared to the previous year's $3.69 billion. Earnings were $757.52 million, an increase of 14.02%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for SNPS stock is "Buy." The 12-month stock price forecast is 423.68, which is an increase of 38.18% from the latest price.

Price Target
$423.68
(38.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Investors Heavily Search Synopsys, Inc. (SNPS): Here is What You Need to Know

Zacks.com users have recently been watching Synopsys (SNPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

1 day ago - Zacks Investment Research

4 Blue-Chip Stocks to Buy From Tech Sector Amid Market Swings

Grab these four blue-chip stocks from the technology sector - Cadence Design Systems (CDNS), STMicroelectronics, Fortinet and Synopsys.

Other symbols: CDNSFTNTSTM
4 days ago - Zacks Investment Research

3 Software Stocks to Watch for in a Challenging Industry

Computer Software industry participants like Synopsys (SNPS), Cadence Design Systems (CDNS) and DecisionPoint (DPSI) benefit from steady digital transformations and strong adoption of cloud computing.

Other symbols: CDNSDPSI
5 days ago - Zacks Investment Research

New Synopsys Research Finds Significant Increase in Practices to Bolster Software Supply Chain Security

BSIMM13 data reveals nearly 50 percent surge in activities to secure open source components and integrate security into developer toolchains MOUNTAIN VIEW, Calif. , Sept. 21, 2022 /PRNewswire/ -- Synops...

6 days ago - PRNewsWire

Synopsys Unveils Industry's First Unified Emulation and Prototyping System Addressing Verification Requirements Acros...

Unified Hardware Provides Flexible Capacity with Faster Compile for Hardware Verification and Superior Performance for Software Development MOUNTAIN VIEW, Calif. , Sept. 20, 2022 /PRNewswire/ -- Deliver...

1 week ago - PRNewsWire

Synopsys (SNPS) Down 15.4% Since Last Earnings Report: Can It Rebound?

Synopsys (SNPS) reported earnings 30 days ago. What's next for the stock?

1 week ago - Zacks Investment Research

4 Oversold High-Quality Tech Picks Amid Market Volatility

Investors may consider adding high-quality oversold stocks like SNPS, CDNS, FTNT and MPWR to their portfolio amid the current stock market uncertainties and gain from their upside potential.

Other symbols: CDNSFTNTMPWR
1 week ago - Zacks Investment Research

4 Large-Cap Technology Stocks to Diversify Your Portfolio

Here we present four stocks - SNPS, ZS, STM and FTNT - from the widely-diversified tech sector that are poised to perform well in the rest of 2022 despite a volatile market.

Other symbols: FTNTSTMZS
1 week ago - Zacks Investment Research

Down 15.4% in 4 Weeks, Here's Why You Should You Buy the Dip in Synopsys (SNPS)

Synopsys (SNPS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising ea...

1 week ago - Zacks Investment Research

Is Synopsys (SNPS) a Solid Growth Stock? 3 Reasons to Think "Yes"

Synopsys (SNPS) could produce exceptional returns because of its solid growth attributes.

1 week ago - Zacks Investment Research

Why Synopsys (SNPS) is a Top Growth Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

1 week ago - Zacks Investment Research

Here is What to Know Beyond Why Synopsys, Inc. (SNPS) is a Trending Stock

Recently, Zacks.com users have been paying close attention to Synopsys (SNPS). This makes it worthwhile to examine what the stock has in store.

2 weeks ago - Zacks Investment Research

5 Top-Ranked Tech Stocks With Solid Upside Potential to Buy Now

Here we present five tech stocks - SNPS, VSH, CDNS, PSTG and FTNT - which are poised to perform well in the rest of 2022 despite a volatile market.

Other symbols: CDNSFTNTPSTGVSH
2 weeks ago - Zacks Investment Research

There's a ton of opportunity in the vertical software space, says Wolfe Research's Munda

Gal Munda, Wolfe Research director, joins 'TechCheck' to discuss whether we're in a period of increased productivity, how companies are thinking about technology and what parts of enterprise software ar...

Other symbols: AIBUGCFLTIGVOKTAWCLD
3 weeks ago - CNBC Television

Synopsys Approves Stock Repurchase Program with Authorization Up to $1.5 Billion

MOUNTAIN VIEW, Calif. , Sept. 1, 2022 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has replenished its stock repurchase program with an increased authorizati...

3 weeks ago - PRNewsWire

Wall Street's top analysts say buy these stocks amid the market uncertainty

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, Intel and Analog Devices.

Other symbols: ADIBRCCINTC
4 weeks ago - CNBC

Synopsys (SNPS) Boosts Shareholders' Wealth With $240M ASR Deal

Synopsys' (SNPS) latest stock-buyback program indicates its commitment to delivering a long-term shareholder value and reflects its confidence in the financial position and the ability to generate suffi...

1 month ago - Zacks Investment Research

Synopsys (SNPS) is an Incredible Growth Stock: 3 Reasons Why

Synopsys (SNPS) could produce exceptional returns because of its solid growth attributes.

1 month ago - Zacks Investment Research

Synopsys Initiates $240 Million Accelerated Share Repurchase Agreement

MOUNTAIN VIEW, Calif. , Aug. 25, 2022 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Bank of America, N.A.

1 month ago - PRNewsWire

Is Trending Stock Synopsys, Inc. (SNPS) a Buy Now?

Zacks.com users have recently been watching Synopsys (SNPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

1 month ago - Zacks Investment Research

1 Little-Known Chip Stock Is a Top Buy Right Now

Synopsys offers growth from the semiconductor industry but in software form.

1 month ago - The Motley Fool

Synopsys Selects Inclusively as Its Workforce Inclusion Partner

ST. LOUIS--(BUSINESS WIRE)-- #inclusively--Inclusively, a workforce inclusion platform that empowers employers with the insights, access, training and support they need to attract and retain previously ...

1 month ago - Business Wire

Synopsys CEO on the new wave of 'smart everything'

CNBC's Jim Cramer spoke with Synopsys CEO Aart de Geus on Thursday's episode of "Mad Money."

1 month ago - CNBC Television

Synopsys (SNPS) Q3 Earnings and Revenues Beat Estimates

Synopsys' (SNPS) Q3 results reflect benefits from solid demand for its products amid rapid adoption of Big Data, faster computation and Machine Learning.

1 month ago - Zacks Investment Research

Synopsys (SNPS) Q3 Earnings and Revenues Top Estimates

Synopsys (SNPS) delivered earnings and revenue surprises of 2.94% and 2.07%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research