Synopsys (NASDAQ:SNPS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Synopsys (NASDAQ:SNPS) had its price objective hoisted by JPMorgan Chase & Co. from $600.00 to $650.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 36.39% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Piper Sandler cut their price objective on Synopsys from $630.00 to $602.00 and set an “overweight” rating on the stock in a report on Thursday. Needham & Company LLC raised their price target on shares of Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a report on Thursday. Finally, Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $559.47.

Synopsys Stock Performance

NASDAQ SNPS traded up $0.74 during trading on Thursday, reaching $476.57. The company’s stock had a trading volume of 2,950,105 shares, compared to its average volume of 1,886,305. The business’s fifty day moving average price is $435.91 and its 200-day moving average price is $504.68. Synopsys has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The firm has a market cap of $88.52 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 5.78 and a beta of 1.16.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.79 by $0.11. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business earned $3.40 EPS. The business’s revenue was up 37.8% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. As a group, analysts anticipate that Synopsys will post 10.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. The trade was a 32.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Synopsys

Hedge funds have recently bought and sold shares of the business. Alpine Bank Wealth Management lifted its position in shares of Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares in the last quarter. TFC Financial Management Inc. raised its holdings in shares of Synopsys by 1,250.0% during the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Synopsys during the 3rd quarter worth $27,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Synopsys in the third quarter worth about $28,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Company Profile

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.