Wells Fargo & Company Raises Synopsys (NASDAQ:SNPS) Price Target to $505.00

Synopsys (NASDAQ:SNPS) had its price objective hoisted by research analysts at Wells Fargo & Company from $450.00 to $505.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 0.51% from the company’s current price.

Several other research analysts have also recently issued reports on SNPS. Morgan Stanley reaffirmed an “equal weight” rating and issued a $480.00 price target (down from $550.00) on shares of Synopsys in a report on Wednesday, February 25th. Rosenblatt Securities dropped their price target on Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a report on Friday, February 20th. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $536.00.

Synopsys Price Performance

NASDAQ SNPS opened at $502.42 on Thursday. Synopsys has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The firm has a market capitalization of $96.24 billion, a PE ratio of 78.02, a P/E/G ratio of 4.17 and a beta of 1.25. The company’s 50 day simple moving average is $444.25 and its 200 day simple moving average is $449.37.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.21. Synopsys had a net margin of 13.76% and a return on equity of 6.83%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $3.03 earnings per share. The business’s revenue for the quarter was up 65.6% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. As a group, equities research analysts forecast that Synopsys will post 10.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Synopsys

Several institutional investors and hedge funds have recently modified their holdings of SNPS. Sankala Group LLC purchased a new position in shares of Synopsys during the 4th quarter valued at $25,000. Millstone Evans Group LLC acquired a new stake in shares of Synopsys in the 3rd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Synopsys in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Synopsys in the 4th quarter valued at $28,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Synopsys in the 4th quarter valued at $32,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

About Synopsys

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.