JPMorgan Chase & Co. Issues Positive Forecast for Synopsys (NASDAQ:SNPS) Stock Price

Synopsys (NASDAQ:SNPS) had its price target increased by equities researchers at JPMorgan Chase & Co. from $600.00 to $650.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 36.39% from the stock’s previous close.

Other analysts also recently issued reports about the stock. BNP Paribas initiated coverage on shares of Synopsys in a report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price objective on the stock. The Goldman Sachs Group lowered their price target on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Citigroup initiated coverage on shares of Synopsys in a research note on Monday, November 24th. They set a “buy” rating and a $580.00 price objective for the company. Rosenblatt Securities raised Synopsys from a “neutral” rating to a “buy” rating and lowered their target price for the company from $605.00 to $560.00 in a research report on Tuesday. Finally, Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Eleven research 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. Based on data from MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and a consensus target price of $559.47.

Synopsys Stock Up 0.2%

Shares of NASDAQ:SNPS traded up $0.74 during midday trading on Thursday, reaching $476.57. 2,950,105 shares of the company were exchanged, compared to its average volume of 1,886,305. The firm has a market cap of $88.52 billion, a PE ratio of 37.41, a P/E/G ratio of 5.78 and a beta of 1.16. Synopsys has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The stock has a fifty day simple moving average of $435.91 and a two-hundred day simple moving average of $504.68. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.11. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 EPS. 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, sell-side analysts forecast that Synopsys will post 10.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Symphony Financial Ltd. Co. grew its position in Synopsys by 4,780.9% in the second quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock worth $20,638,000 after acquiring an additional 39,395 shares in the last quarter. HBW Advisory Services LLC increased its holdings in shares of Synopsys by 494.9% in the second quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock worth $1,851,000 after buying an additional 3,004 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Synopsys by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after acquiring an additional 4,815 shares during the last quarter. Westbourne Investments Inc. purchased a new stake in Synopsys during the 2nd quarter valued at about $1,505,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Synopsys by 1.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 178,786 shares of the semiconductor company’s stock worth $91,660,000 after purchasing an additional 2,991 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

About Synopsys

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.