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Synopsys (SNPS)

Synopsys, is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products.

Company profile

Ticker
SNPS
Exchange
CEO
Aart J. de Geus / Chi-Foon Chan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Synopsys International Limited • SNPS Ireland New Limited • Synopsys USIE Holdings LLC • Synopsys International • Black Duck Software, Inc. • Synopsys Taiwan Co., Ltd. • Nihon Synopsys G.K. • Synopsys Emulation and Verification S.A.S. • Synopsys (India) Private Limited • Synopsys Netherlands B.V. ...
IRS number
561546236

SNPS stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$377.50
Low target
$375.00
High target
$380.00
Wells Fargo
Maintains
Overweight
$375.00
19 May 22
Needham
Maintains
Buy
$380.00
19 May 22

Calendar

20 May 22
29 Jun 22
31 Oct 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Oct 19 Oct 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jun 22 Trac Pham Common Stock Sell Dispose S No No 306.5586 8,005 2.45M 39,811
23 Jun 22 Trac Pham Common Stock Sell Dispose S No No 306.76 84 25.77K 47,816
23 Jun 22 Trac Pham Common Stock Sell Dispose S No No 307.4054 10,304 3.17M 47,900
7 Jun 22 John F Runkel JR Common Stock Sell Dispose S No No 330 1,322 436.26K 22,623
7 Jun 22 John F Runkel JR Common Stock Option exercise Acquire M No No 89.76 1,322 118.66K 23,945
7 Jun 22 John F Runkel JR Common Stock Sell Dispose S No No 330 1,572 518.76K 22,623
7 Jun 22 John F Runkel JR Common Stock Option exercise Acquire M No No 135.88 1,572 213.6K 24,195
7 Jun 22 John F Runkel JR Common Stock Sell Dispose S No No 330 569 187.77K 22,623
7 Jun 22 John F Runkel JR Common Stock Option exercise Acquire M No No 234.17 569 133.24K 23,192
7 Jun 22 John F Runkel JR NQSO Common Stock Option exercise Dispose M No No 234.17 569 133.24K 6,264
84.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 798 816 -2.2%
Opened positions 70 130 -46.2%
Closed positions 88 63 +39.7%
Increased positions 323 285 +13.3%
Reduced positions 279 283 -1.4%
13F shares Current Prev Q Change
Total value 43.19B 47.86B -9.7%
Total shares 129.87M 129.91M -0.0%
Total puts 574.2K 619.3K -7.3%
Total calls 432.8K 312.3K +38.6%
Total put/call ratio 1.3 2.0 -33.1%
Largest owners Shares Value Change
Vanguard 17.35M $5.78B +1.7%
BLK Blackrock 13.53M $4.51B +3.2%
TROW T. Rowe Price 11.32M $3.77B +16.2%
STT State Street 6.3M $2.1B -1.5%
JPM JPMorgan Chase & Co. 4.66M $1.55B -0.1%
BEN Franklin Resources 3.73M $1.24B +2.8%
Pictet Asset Management 3.48M $1.16B -5.0%
FMR 3.31M $1.1B +27.0%
Geode Capital Management 3.02M $1B -2.9%
IVZ Invesco 2.6M $866.49M +8.0%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 11.32M +1.58M +16.2%
Norges Bank 0 -1.4M EXIT
Parnassus Investments 610.88K -1.3M -68.1%
JHG Janus Henderson 1.28M +968.3K +313.5%
California Public Employees Retirement System 312.68K -836.21K -72.8%
FMR 3.31M +704.54K +27.0%
BLK Blackrock 13.53M +417.5K +3.2%
Nordea Investment Management Ab 1.02M -367.99K -26.6%
GS Goldman Sachs 733.2K +347.81K +90.2%
Van Eck Associates 983.95K +300.37K +43.9%

Financial report summary

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Risks
  • The COVID-19 pandemic could have a material adverse effect on our business, operations and financial condition.
  • Uncertainty in the global economy, and its potential impact on the semiconductor and electronics industries in particular, may negatively affect our business, operating results and financial condition.
  • The growth of our business depends primarily on the semiconductor and electronics industries.
  • We operate in highly competitive industries, and if we do not continue to meet our customers’ demand for innovative technology at lower costs, our products may not be competitive or may become obsolete, and our business and financial condition may be harmed.
  • Consolidation among our customers and within the industries in which we operate, as well as our dependence on a relatively small number of large customers, may negatively impact our operating results.
  • The global nature of our operations exposes us to increased risks and compliance obligations that may adversely affect our business.
  • Our operating results may fluctuate in the future, which may adversely affect our stock price.
  • Cybersecurity threats or other security breaches could compromise sensitive information belonging to us or our customers and could harm our business and our reputation, particularly that of our security testing solutions.
  • If we fail to protect our proprietary technology, our business will be harmed.
  • We may not be able to realize the potential financial or strategic benefits of the acquisitions we complete, or find suitable target businesses and technology to acquire, which could hurt our ability to grow our business, develop new products or sell our products.
  • We pursue new product and technology initiatives from time to time, and if we fail to successfully carry out these initiatives, our business, financial condition, or results of operations could be adversely impacted.
  • We may have to invest more resources in research and development than anticipated, which could increase our operating expenses and negatively affect our operating results.
  • Product errors or defects could expose us to liability and harm our reputation and we could lose market share.
  • Our hardware products, which primarily consist of prototyping and emulation systems, subject us to distinct risks.
  • If we fail to timely recruit and retain senior management and key employees globally, our business may be harmed.
  • From time to time we are subject to claims that our products infringe on third-party intellectual property rights.
  • We may not be able to continue to obtain licenses to third-party software and intellectual property on reasonable terms or at all, which may disrupt our business and harm our financial results.
  • In preparing our financial statements we make certain assumptions, judgments and estimates that affect amounts reported in our consolidated financial statements, which, if not accurate, may significantly impact our financial results.
  • Liquidity requirements in our U.S. operations may require us to raise cash in uncertain capital markets, which could negatively affect our financial condition.
  • Our results could be adversely affected by a change in our effective tax rate as a result of tax law changes and related new or revised guidance and regulations, changes in our geographical earnings mix, unfavorable government reviews of our tax returns, material differences between our forecasted and actual annual effective tax rates, future changes to our tax structure, or by evolving enforcement practices.
  • Changes in United States Generally Accepted Accounting Principles (U.S. GAAP) could adversely affect our financial results and may require significant changes to our internal accounting systems and processes.
  • We may be subject to litigation proceedings that could harm our business.
  • Our business is subject to evolving corporate governance and public disclosure regulations that have increased both our compliance costs and the risk of noncompliance, which could have an adverse effect on our stock price.
  • There are inherent limitations on the effectiveness of our controls and compliance programs.
  • Our investment portfolio may be impaired by any deterioration of capital markets.
  • Catastrophic events may disrupt our business and harm our operating results.
Management Discussion
  • The discussion of our consolidated results of operations include year-over-year comparisons of fiscal 2021 changes compared to fiscal 2020. For a discussion of the fiscal 2020 changes compared to fiscal 2019, see the discussion in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended October 31, 2020, filed on December 15, 2020.
  • •Revenues were $4,204.2 million, an increase of $518.9 million or 14%, primarily due to higher revenue resulting from growth across all products and geographies.
  • •Total cost of revenue and operating expenses were $3,469.4 million, an increase of $404.3 million or 13%, primarily due to increases of $342.2 million in employee-related costs resulting from headcount increases through organic growth and acquisitions.

Content analysis

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Positive
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Uncertain
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Legalese
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Readability
H.S. freshman Good
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