Synopsys (NASDAQ:SNPS) Given New $575.00 Price Target at Rosenblatt Securities

Synopsys (NASDAQ:SNPS) had its price objective raised by analysts at Rosenblatt Securities from $530.00 to $575.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 9.58% from the stock’s current price.

A number of other brokerages have also recently commented on SNPS. Wells Fargo & Company upped their price target on Synopsys from $450.00 to $505.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research report on Friday, February 20th. Citigroup upped their price target on Synopsys from $580.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Piper Sandler reduced their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Finally, Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $539.00.

Synopsys Stock Performance

Shares of SNPS opened at $524.74 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $453.12 and a two-hundred day simple moving average of $451.89. The stock has a market cap of $100.52 billion, a price-to-earnings ratio of 81.48, a PEG ratio of 4.29 and a beta of 1.25. Synopsys has a 52 week low of $376.18 and a 52 week high of $651.73.

Synopsys (NASDAQ:SNPS) last issued 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 during 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 quarter in the prior year, the business posted $3.03 earnings per share. 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, analysts expect that Synopsys will post 10.28 EPS for the current year.

Hedge Funds Weigh In On Synopsys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNPS. Brighton Jones LLC boosted its stake in Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 50 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Synopsys by 11.6% during the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 79 shares during the period. NewEdge Advisors LLC raised its position in Synopsys by 15.1% during the first quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock valued at $1,291,000 after purchasing an additional 395 shares during the period. WINTON GROUP Ltd raised its position in Synopsys by 9.2% during the second quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 64 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Synopsys by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock valued at $36,962,000 after purchasing an additional 1,505 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys Company Profile

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.