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 $530.11, up 0.49% from the previous day, and has increased 45.42% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.29 percentage points. Synopsys stock is currently +46.41% from its 52-week low of $362.06, and -15.77% from its 52-week high of $629.38.
As of Apr 25, 2024, there are 152.54M shares of SNPS outstanding. The market cap of SNPS is $80.86B. In the past 24 hours, 915,482 SNPS shares were traded.
How to Buy Synopsys Stock
Wondering how to invest in Synopsys stock? Here's how.
- 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.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your payment method and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global financial markets: From Technology to Utilities, New York to Tokyo — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 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.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
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.
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 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 undervalued based on its P/E ratio of 57.37x, relative to Software - Infrastructure industry P/E ratio of 75.61x
- SNPS may be overvalued based on its P/B ratio of 12.12x, relative to Software - Infrastructure industry P/B ratio of 11.14x
You can do more valuation analysis on SNPS's stock here.
How do SNPS Financials look?
Pros:
- There are more short-term assets than short-term liabilities on the SNPS balance sheet.
- There are more short-term assets than long-term liabilities on the SNPS balance sheet.
- SNPS earnings of $1.50B is not enough to cover its interest payments.
- SNPS profit margin has gone up from 18.2% to 23% in the past year.
- Total SNPS debt is lower than 5 years ago, relative to shareholder equity.
- SNPS's operating cash flow of $1.50B allows it to safely service it's debt of $669.96M.
Cons:
- SNPS has a relatively high debt to equity ratio of 0.58.
Do analysts think it's a good time to buy SNPS stock
Out of 9 Wall Street analysts who give recommendations on SNPS, the consensus analyst rating on Synopsys is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest SNPS Analyst Forecasts
Vivek Arya, a top 2% analyst from Bank of America maintains SNPS with a strong buy rating and maintains their SNPS price target from $650.00 to $650.00, on Jan 4, 2024.
Gary Mobley, a top 12% analyst from Wells Fargo maintains SNPS with a strong buy rating and raises their SNPS price target from $620.00 to $630.00, on Dec 13, 2023.
Wells Fargo's Gary Mobley raised their price target on Synopsys (NASDAQ: SNPS) by 1.6% from $620 to $630 on 2023/12/13. The analyst maintained their Strong Buy rating on the stock.
Mobley said, "Synopsys's 10-K dated 2023/12/12 reveals solid CRPOs (Current Remaining Performance Obligations), supporting the proposition that management's FY 2024 revenue guidance is conservative
"The SIG spin should add shareholder value," the analyst noted.
Earnings Report
Synopsys reported:
For Q4 2023:
- EPS of $3.17, which beat the Zacks Consensus Estimate of $3.04 and, by 65.9%, Q4 2022’s $1.91.
- Revenue of $1.6B, which beat the Zacks Consensus Estimate of $1.58B and, by 25%, Q4 2022’s 1.28B.
For FY 2023:
- EPS of $11.19, which beat FY 2022’s $8.90 by 25.7%.
- Revenue of $5.84B, which beat FY 2022’s $5.08B by 15%.
Management guided:
For Q1 2024:
- EPS of $3.40 to $3.45.
For FY 2024:
- EPS of $13.33 to $13.41.
Chairman & CEO Aart de Geus commented: "In our 37 years as a company, Synopsys has driven a roughly 10 million-fold increase in chip design productivity.
“This not only enabled the exponential ambition of the semiconductor industry, it, in turn, radically impacted the world.
"Our momentum continued in 2023 as we substantially expanded our AI-driven design differentiation, our semiconductor IP portfolio, and our multi-die system solutions.
“We also visibly strengthened our customers' differentiation through unique and deep collaborations.
“Looking ahead, I have great confidence, expectations, and enthusiasm for our future as Sassine Ghazi becomes Synopsys' CEO."
President & COO Sassine Ghazi commented: "We start 2024 with tremendous forward momentum driven by a resilient business model, technology trends – chief among them AI – that create a rising tide for our business, and customers who continue to prioritize investments in the chips and systems that position them for the future.
“I am profoundly grateful for the opportunity to propel Synopsys to the next wave of growth as its CEO."
Jason Celino, a bottom 19% analyst from KeyBanc maintains SNPS with a strong buy rating and raises their SNPS price target from $600.00 to $675.00, on Nov 30, 2023.
Lee Simpson, a top 39% analyst from Morgan Stanley initiates coverage on SNPS with a strong buy rating and announces their SNPS price target of $600.00, on Nov 10, 2023.
You can dive deeper into what analysts are saying on the Synopsys stock forecast page.
SNPS Trading Indicators
Is SNPS Making Money?
Last year, SNPS earnings were $1.41B. During the past five year, SNPS's earnings have increased by 18.53% per year. This was slower than the Software - Infrastructure industry average of 141.8%.
Last year, SNPS revenue was $6.13B. During the past five year, SNPS's revenue has increased by 14.09% per year. This was slower than the Software - Infrastructure industry average of 17.26%.
You can research SNPS's earnings and revenue performance here.
What are SNPS insiders up to?
Over the past year, insiders at SNPS have sold more shares than they have bought.
John F. Runkel Jr., GC Corporate Secretary of SNPS, was the latest SNPS insider to sell. They sold $3,081,663.71 worth of SNPS shares on Apr 3, 2024.
Research more about who owns SNPS stock here.
Does SNPS provide a stable income stream?
No, Synopsys doesn't provide an income stream by paying out dividends.
What others are saying about SNPS
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your SNPS trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Press the Open button and your broker will place your order.
If you require more info about buying stocks on eToro, click the helpful video below:
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 new investment.
Make a watchlist to track the latest developments regarding your SNPS stock.
SNPS Feed
How to Buy Stock in Synopsys
To reiterate, here are the 6 steps to buy Synopsys stock:
- Figure out where to buy Synopsys stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Synopsys stock
- Place your SNPS trade
- Get notifications regarding your SNPS position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your new investment in Synopsys, click below.
Other Stock Buying Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.