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How to Buy Synopsys Stock

Synopsys Inc

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits.

Synopsys stock last closed at $614.05, up 0.87% from the previous day, and has increased 39.13% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.37 percentage points. Synopsys stock is currently +46.72% from its 52-week low of $418.51, and -2.44% from its 52-week high of $629.38.

As of Jul 12, 2024, there are 153.22M shares of SNPS outstanding. The market cap of SNPS is $94.08B. In the past 24 hours, 503,239 SNPS shares were traded.

How to Buy Synopsys Stock

Wondering how to invest in Synopsys stock? Here's how.
  1. Figure out where to buy Synopsys stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Synopsys stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Choose your payment method and add your details.
  4. Analyze Synopsys stock: The Synopsys ticker symbol is SNPS. Is Synopsys stock a good investment? Should you buy shares of SNPS? How do SNPS's underlying business fundamentals look? Do top analysts think Synopsys is a good buy? Why has SNPS's stock price moved recently? (Hint: Our stock market research tools can help you understand if SNPS is a good stock to buy).
  5. Place your SNPS trade: Decide if you will purchase SNPS shares at the current market price or use a limit order to purchase SNPS shares at a particular price.
  6. Get notifications regarding your SNPS position: Create a watchlist to monitor your investment in Synopsys stock.

Step 1: Figure out where to buy Synopsys stock

You will need an online brokerage account in order to access the NASDAQ market and buy SNPS shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the best brokerage, you need to fill out some personal information so you can invest in SNPS stock today.

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Step 3: Deposit money your brokerage account

Now that you've filled out your info on the best app for stock investing, your next step is to transfer the money for your investment:

Check out the video below to see the process of depositing funds into your investment account.

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Step 4: Analyze Synopsys stock

After you have figured out the best place to buy Synopsys stock, it's crucial to evaluate their stock prior to investing, so you can wrap your head around the risk as well as the opportunity.

Synopsys quick stats

SNPS Price
$614.05
1w %
-1.17%
1y %
39.13%
5y %
346.87%
P/E
65.6x
P/B
13.15x
P/S
15.17x
PEG
6.15x
Revenue
$6.19B
Earnings
$1.43B
Fore. Rev. Growth
6.18%
Fore. Earn. Growth
11.86%
Market Cap
$94.08B
Next Earnings
Aug 14, 2024
Next Dividend
N/A

SNPS Due Diligence Checks

WallStreetZen was built to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on SNPS's stock page.

Is SNPS stock properly valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge SNPS's fair value.

Using relative valuations metrics:

  • SNPS may be overvalued based on its P/E ratio of 65.6x, relative to Software - Infrastructure industry P/E ratio of 41.97x
  • SNPS may be overvalued based on its P/B ratio of 13.15x, relative to Software - Infrastructure industry P/B ratio of 12.71x
  • SNPS may be overvalued based on its PEG ratio of 6.15x

You can do additional valuation research on SNPS's stock here.

Is SNPS a healthy company?

Pros:

  • There are more short-term assets than short-term liabilities on the SNPS balance sheet.
  • SNPS earnings of $1.54B is not enough to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the SNPS balance sheet.
  • SNPS's operating cash flow of $1.27B allows it to safely service it's debt of $644.72M.
  • SNPS profit margin has gone up from 17.9% to 23% in the past year.
  • Total SNPS debt is lower than 5 years ago, relative to shareholder equity.

Cons:

  • SNPS has a relatively high debt to equity ratio of 0.53.

Is it a good time to buy Synopsys stock, according to analysts?

Out of 7 Equities analysts who give forecasts on SNPS, the consensus analyst rating on SNPS is a Strong Buy

It's important to note that analyst forecasts are not recommendations, nor are they investment advice.

Latest SNPS Analyst Upgrades/Downgrades

Charles Shi, a top 2% analyst from Needham reiterates SNPS with a buy rating and maintains their SNPS price target from $660.00 to $660.00, on May 23, 2024.

Ruben Roy, a top 3% analyst from Stifel Nicolaus maintains SNPS with a strong buy rating and maintains their SNPS price target from $620.00 to $620.00, on Jan 17, 2024.

You can dive deeper into what analysts are saying on the Synopsys stock forecast page.

SNPS Technicals

SMA10
610.05
SMA20
605.76
SMA50
581.46
SMA100
572.1
SMA200
543.64
MACD
9.14
MACD Signal
9.49
MACD Histogram
-0.35
RSI
57.85
Stochastic %K
71.81
Stochastic %D
71.27
StochRSI %K
32.44
StochRSI %D
33.7

SNPS Growth Metrics

Last year, SNPS earnings were $1.43B. Over the last five year, SNPS's earnings have increased by 18.24% per year. This was slower than the Software - Infrastructure industry average of 38.18%.

Last year, SNPS revenue was $6.19B. Over the last five year, SNPS's revenue has increased by 13.88% per year. This was slower than the Software - Infrastructure industry average of 17.84%.

You can research SNPS's earnings and revenue performance here.

Latest Insiders Trades at SNPS

In the last 12 months, executives and large shareholders at SNPS have sold more shares than they have bought.

Geus Aart De, EXECUTIVE CHAIR of SNPS, was the latest SNPS insider to sell. They sold $2,852,272.43 worth of SNPS shares on Jul 11, 2024.

Dig into more about who owns SNPS stock here.

Does SNPS stock generate passive income?

No, Synopsys doesn't provide an income stream by paying out dividends.

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Step 5: Place your SNPS trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.

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Step 6: Get notifications regarding your SNPS position

Now that you own some shares in SNPS, you'll want to stay up-to-date on your stock purchase.

Make a watchlist to keep tabs on your SNPS stock.

SNPS Feed

How to Buy Stock in Synopsys

To summarize, here are the 6 steps to buy stock in Synopsys:

  1. Figure out where to buy Synopsys stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Analyze Synopsys stock
  5. Place your SNPS trade
  6. Get notifications regarding your SNPS position

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Synopsys, create a watchlist today.

NASDAQ: SNPS
$614.05+5.31 (+0.87%)
Updated Jul 12, 2024
Open eToro Account
NASDAQ: SNPS
$614.05+5.31 (+0.87%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Synopsys share?

As of Jul 12, 2024, it costs $614.05 to buy one share of Synopsys stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.163 shares of SNPS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Synopsys stock?

According to 7 Wall Street analysts who monitor Synopsys, their consensus recommendation is to buy Synopsys stock.

What is the best way to buy Synopsys stock?

One way to place an order for Synopsys stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.