Synopsys (NASDAQ:SNPS – Get Free Report) had its target price upped by investment analysts at Rosenblatt Securities from $530.00 to $575.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 9.58% from the stock’s current price.
SNPS has been the topic of several other reports. Piper Sandler dropped their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Friday, February 20th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. Wells Fargo & Company lifted their price target on Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley restated an “equal weight” rating and set a $480.00 price target (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Synopsys presently has an average rating of “Hold” and a consensus price target of $539.00.
View Our Latest Stock Analysis on Synopsys
Synopsys Stock Performance
Synopsys (NASDAQ:SNPS – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.21. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Synopsys had a return on equity of 6.83% and a net margin of 13.76%.The business’s quarterly revenue was up 65.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 EPS. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. On average, sell-side analysts anticipate that Synopsys will post 10.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SNPS. Essential Partners LLC purchased a new stake in Synopsys during the first quarter valued at $50,000. CCM Investment Advisers LLC increased its position in Synopsys by 23.9% during the first quarter. CCM Investment Advisers LLC now owns 31,137 shares of the semiconductor company’s stock valued at $12,345,000 after acquiring an additional 6,009 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Synopsys during the first quarter valued at $131,000. Bank of America Corp DE increased its position in Synopsys by 34.0% during the first quarter. Bank of America Corp DE now owns 1,386,817 shares of the semiconductor company’s stock valued at $549,845,000 after acquiring an additional 352,004 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC increased its position in Synopsys by 10.0% during the first quarter. Intrinsic Edge Capital Management LLC now owns 11,000 shares of the semiconductor company’s stock valued at $4,361,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
About Synopsys
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
Featured Articles
- Five stocks we like better than Synopsys
- Why Walmart’s Rally May Need a Reset
- Cloud-flation: Dell’s On-Premise AI Bet Pays Off
- Alphabet Just Unveiled Its Most Ambitious AI Lineup Yet
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
