Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that provides 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. The company also provides intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip (SoC) infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and Arm AMBA interconnect fabric and peripherals. It offers logic libraries and embedded memories; configurable processor cores and application-specific instruction-set processor tools for embedded applications; IP subsystems for audio, sensor, and data fusion functionality; and security IP solutions. The company provides Platform Architect solutions for SoC architecture analysis and optimization; virtual prototyping solutions; and HAPS FPGA-based prototyping systems, as well as a series of tools used in the design of optical systems and photonic devices. It offers security testing, managed services, programs and professional services, and training that enable its customers to detect and remediate security vulnerabilities, and defects in the software development lifecycle; manufacturing solutions; and professional and other services. It has a collaboration with IBM Research's AI Hardware Center to advance the development of chip architectures and design methodologies critical to the next generation of AI chips; and with Spirent Communications plc. Synopsys, Inc. was founded in 1986 and is headquartered in Mountain View, California.
IPO Year: 1992
Exchange: NASDAQ
Website: synopsys.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $650.00 | Outperform | Mizuho |
| 10/15/2024 | $660.00 | Buy | Berenberg |
| 4/4/2024 | $665.00 | Overweight | Piper Sandler |
| 11/30/2023 | $500.00 → $660.00 | Buy | Needham |
| 11/10/2023 | $600.00 | Overweight | Morgan Stanley |
| 9/29/2023 | $551.00 | Buy | HSBC Securities |
| 12/16/2022 | $410.00 | Neutral → Buy | BofA Securities |
| 11/16/2022 | Hold | Edward Jones | |
| 9/29/2022 | $420.00 | Buy | Deutsche Bank |
| 9/8/2022 | $445.00 | Buy | Stifel |
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Synopsys (NASDAQ:SNPS) has outperformed the market over the past 15 years by 12.93% on an annualized basis producing an average annual return of 25.07%. Currently, Synopsys has a market capitalization of $86.90 billion. Buying $100 In SNPS: If an investor had bought $100 of SNPS stock 15 years ago, it would be worth $2,859.61 today based on a price of $567.16 for SNPS at the time of writing. Synopsys's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
Deep-pocketed investors have adopted a bullish approach towards Synopsys (NASDAQ:SNPS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SNPS usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Synopsys. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 66% leaning bullish and 20% bearish. Among these notable options, 4 ar
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs raised the price target for Tesla, Inc. (NASDAQ:TSLA) from $175 to $248. Goldman Sachs analyst Mark Delaney maintained a Neutral rating. Tesla shares rose 3.7% to close at $262.33 on Tuesday. See how other analysts view this stock. Keybanc lifted the price target for Netflix, Inc. (NASDAQ:NFLX) from $707 to $735. Keybanc analyst Justin Patterson maintained an Overweight rating. Netflix shares closed at $685.74 on Tuesday. See how other analysts view this stock. B of A Securities cu
Piper Sandler analyst Clarke Jeffries maintains Synopsys (NASDAQ:SNPS) with a Overweight and raises the price target from $672 to $687.
Synopsys (NASDAQ:SNPS) has outperformed the market over the past 15 years by 13.19% on an annualized basis producing an average annual return of 26.19%. Currently, Synopsys has a market capitalization of $93.00 billion. Buying $100 In SNPS: If an investor had bought $100 of SNPS stock 15 years ago, it would be worth $3,327.80 today based on a price of $606.99 for SNPS at the time of writing. Synopsys's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
Baird analyst Joe Vruwink maintains Synopsys (NASDAQ:SNPS) with a Outperform and raises the price target from $645 to $661.
Analysts' ratings for Synopsys (NASDAQ:SNPS) over the last quarter vary from bullish to bearish, as provided by 7 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 3 0 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $657.43, with a high estimate of $690.00 and a low estimate of $615.00. Marking an increase of 1.01%, the current average surpasses the prev
Keybanc analyst Jason Celino maintains Synopsys (NASDAQ:SNPS) with a Overweight and raises the price target from $675 to $690.
SUNNYVALE, Calif., Oct. 29, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the fourth quarter and fiscal year 2024 on Wednesday, December 4, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be availabl
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation SANTA MONICA, Calif. and SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Fr
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection
Optimized EDA and IP Solutions Deliver Enhanced Compute Performance, Power and Engineering Productivity for TSMC N2 and A16 Processes Highlights Production-ready AI-driven EDA flows, powered by Synopsys.ai, on N2 deliver exceptional quality of results and accelerate design node migration for industry leadersDeveloping new backside power delivery capabilities on TSMC's A16 to enable efficient power distribution and system performanceJoint TSMC, Synopsys and Ansys multi-physics flow supporting CoWoS interposer packaging addresses thermal and power integrity challengesSynopsys 3DSO.ai delivers AI-driven system analysis for maximum quality of results with support for TSMC's 3DFabricNew developm
Highlights Synopsys to sell its Optical Solutions Group to Keysight Technologies for undisclosed terms.The transaction is subject to customary closing conditions, including review by regulatory authorities, and the successful closing of Synopsys' proposed acquisition of Ansys, which is currently pending regulatory approvals and expected to close in the first half of 2025.Synopsys Optical Solutions provides design tools to help optical engineers deliver superior optics to market faster.These tools will complement and broaden Keysight's existing design engineering software portfolio.SUNNYVALE, Calif., Sept. 19, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it has entered i
Broadens Keysight's growing design engineering software portfolio and computer-aided engineering capabilities. Expands SAM with the addition of optical system design, analysis, simulation, and virtual prototyping solutions. The transaction is subject to customary closing conditions, including review by regulatory authorities and the successful closing of Synopsys' proposed acquisition of Ansys, which is pending regulatory approvals and is expected to close in the first half of 2025. Keysight Technologies, Inc. (NYSE:KEYS) announced it has entered into a definitive agreement with Synopsys, Inc. (NASDAQ:SNPS) to acquire Synopsys' Optical Solutions Group, a leading developer of optical
ImSym - Imaging System Simulator Offers Accuracy, Accelerated Time-to-Market, and Enhanced Team Collaboration Highlights Industry's only system-level imaging virtual prototyping platformIntegrates the trusted accuracy of Synopsys' CODE V and LightToolsSignificantly reduces the time required for imaging system conceptualizationFeatures a unified simulation environment and Python interfaces for streamlined teamwork and custom workflowsSUNNYVALE, Calif., Sept. 10, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced the launch of ImSym – Imaging System Simulator, a groundbreaking virtual prototyping platform for imaging systems, encompassing lenses, sensors, and image signal proces
Popular, interactive yearly demo offers a deep dive into future-ready Ethernet technologies The Ethernet Alliance, a global consortium dedicated to the continued success and advancement of Ethernet technologies, today announced details of its exhibit at stand #A3 during the 2024 European Conference on Optical Communication (ECOC). Europe's leading optical communications conference is set to take place September 22-26, 2024, at Messe Frankfurt, Germany. The Ethernet Alliance's highly anticipated multivendor interoperability demonstration will showcase an impressive range of Ethernet technologies, spanning from 10 Gigabit Ethernet (GbE) to 800GbE. The display includes best-in-class switches
Complete Synopsys 40G UCIe IP Solution Delivers Maximum Bandwidth for Die-to-Die Connectivity in High-Performance AI Data Center Chips Highlights Industry's first complete 40G UCIe IP solution, including controller, PHY, and verification IP, enables fast connectivity between heterogeneous and homogeneous diesSynopsys 40G UCIe PHY IP offers 25% higher bandwidth than the UCIe specification without impact on energy efficiency and silicon footprintIntegrated signal integrity monitors and testability features improve multi-die package reliability and enable in-field monitoring throughout the silicon lifecycleSynopsys 40G UCIe IP is built on a silicon-proven architecture with interoperability suc
Results Summary1 Record quarterly revenue of $1.526 billion, up approximately 13% year over year.Quarterly GAAP earnings per diluted share of $2.73; non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.Expecting record full-year revenue with growth of approximately 15% driven by continued, strong execution and business momentum.SUNNYVALE, Calif., Aug. 21, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today reported results for its third quarter of fiscal year 2024. Revenue for the third quarter of fiscal year 2024 was $1.526 billion, compared to $1.354 billion for the third quarter of fiscal year 2023.
Mizuho initiated coverage of Synopsys with a rating of Outperform and set a new price target of $650.00
Berenberg initiated coverage of Synopsys with a rating of Buy and set a new price target of $660.00
Piper Sandler initiated coverage of Synopsys with a rating of Overweight and set a new price target of $665.00
Needham reiterated coverage of Synopsys with a rating of Buy and set a new price target of $660.00 from $500.00 previously
Morgan Stanley initiated coverage of Synopsys with a rating of Overweight and set a new price target of $600.00
HSBC Securities initiated coverage of Synopsys with a rating of Buy and set a new price target of $551.00
BofA Securities upgraded Synopsys from Neutral to Buy and set a new price target of $410.00
Edward Jones initiated coverage of Synopsys with a rating of Hold
Deutsche Bank initiated coverage of Synopsys with a rating of Buy and set a new price target of $420.00
Stifel initiated coverage of Synopsys with a rating of Buy and set a new price target of $445.00
SUNNYVALE, Calif., Oct. 29, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the fourth quarter and fiscal year 2024 on Wednesday, December 4, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be availabl
Results Summary1 Record quarterly revenue of $1.526 billion, up approximately 13% year over year.Quarterly GAAP earnings per diluted share of $2.73; non-GAAP earnings per diluted share of $3.43, up approximately 27% year over year and exceeding guidance.Expecting record full-year revenue with growth of approximately 15% driven by continued, strong execution and business momentum.SUNNYVALE, Calif., Aug. 21, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today reported results for its third quarter of fiscal year 2024. Revenue for the third quarter of fiscal year 2024 was $1.526 billion, compared to $1.354 billion for the third quarter of fiscal year 2023.
SUNNYVALE, Calif., July 22, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the third quarter fiscal year 2024 on Wednesday, August 21, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be available on t
Results Summary1 Quarterly revenue of $1.455 billion, up approximately 15% year over year and at the high-end of guidance.Quarterly GAAP earnings per diluted share of $1.92; non-GAAP earnings per diluted share of $3.00, up approximately 26% year over year1 and exceeding guidance.Raising full year targets for revenue and non-GAAP EPS, based on strong execution and continued business momentum.SUNNYVALE, Calif., May 22, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today reported results for its second quarter of fiscal year 2024. Revenue for the second quarter of fiscal year 2024 was $1.455 billion, compared to $1.263 billion for the second quarter of fiscal year 2023.
SUNNYVALE, Calif., April 23, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the second quarter fiscal year 2024 on Wednesday, May 22, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be available on th
CEO Sassine Ghazi Discusses Unprecedented Opportunity in Era of Pervasive Intelligence News Highlights: Announces Synopsys.ai customer momentum with applications including DSO.ai and VSO.ai delivering significant improvements in PPA, turn-around time, and more;Drives multi-die design innovation with Platform Architect - Multi-Die and new Synopsys.ai capability, 3DSO.ai, for AI-driven 3D design space optimization using native thermal analysis;Unveils new state-of-the-art hardware-assisted verification systems for faster, higher capacity emulation and prototyping;Announces new Synopsys Cloud Hybrid Solution, enabling seamless "burst to cloud" EDA capability;Further expands Synopsys' broad semi
SUNNYVALE, Calif., March 20, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced that it has completed the acquisition of Intrinsic ID, a leading provider of Physical Unclonable Function (PUF) IP used in the design of system-on-chips (SoCs). The acquisition adds production proven PUF IP to Synopsys' broadly used semiconductor IP portfolio, enabling SoC designers worldwide to protect their SoCs by generating a unique identifier on chip utilizing the inherent and distinctive characteristics of every silicon chip. The acquisition also adds Intrinsic ID's team of experienced research and development engineers who have deep expertise in PUF technology. The terms of the deal, which a
SNUG Features Keynotes from Synopsys CEO Sassine Ghazi and Microsoft Corp VP Plus 100+ Sessions on AI, Silicon Proliferation, Software-Defined Systems, and More SUNNYVALE, Calif., Feb. 26, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) is hosting its annual flagship user group conference, SNUG Silicon Valley, March 20-21, 2024, at the Santa Clara Convention Center. The company's Investor Day will be co-located on the afternoon of March 20 and available via webcast. Join us at SNUG Silicon Valley March 20-21: SNUG Silicon Valley gathers the global design community to discuss
Results Summary Record quarterly revenue of $1.649 billion, up approximately 21% year over year.Quarterly GAAP earnings per diluted share of $2.89; non-GAAP earnings per diluted share of $3.56, which exceeded high end of guidance.SUNNYVALE, Calif., Feb. 21, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today reported results for its first quarter of fiscal year 2024. Revenue for the first quarter of fiscal year 2024 was $1.649 billion, compared to $1.361 billion for the first quarter of fiscal year 2023. Fiscal year 2024 results include a favorable impact of one additional week compared to fiscal year 2023, which occurred in our first fiscal quarter.
SUNNYVALE, Calif., Jan. 25, 2024 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced it will report results for the first quarter fiscal year 2024 on Wednesday, Feb. 21, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Financial and other statistical information to be discussed on this conference call will be available on the corporate website at www.investor.synopsys.com immediately before the call. A live webcast will also be available on thi
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation SANTA MONICA, Calif. and SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Fr
The standalone application security company continues its mission to help organizations build trust in their software to support innovation and business transformation Clearlake Capital Group ("Clearlake") and Francisco Partners announced today that they have completed their acquisition of the Synopsys Software Integrity Group, establishing the newly independent application security company as Black Duck Software, Inc. ("Black Duck"). The transaction with Synopsys, Inc. (NASDAQ:SNPS), which was first announced on May 6, 2024, is valued at up to $2.1 billion, including up to $475 million in cash payable upon Clearlake and Francisco Partners achieving a specified rate of return in connection
Oversubscribed $70M round led by Maverick Capital increases SiMa.ai's total amount raised to $270M; funding will speed release of next generation AI/ML chip to power multimodal generative AI at the edge SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, today announced it has raised an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while acceleratin
SAN DIEGO, Jan. 16, 2024 /PRNewswire/ -- Endura Technologies, a pioneer in advanced power delivery solutions for System on Chip (SoC) applications, announces a significant transformation in its leadership team, positioning the company for accelerated growth and innovation in the dynamically evolving SoC power delivery landscape. Michael Sanie, a seasoned leader in go-to-market and business strategy, and a veteran of the semiconductor industry, joins as Chief Executive Officer. Faraj Aalaei, former CEO and Chairman of Aquantia Corporation and Centillium Communications, two semiconductor companies he built through successful Initial Public Offerings (IPO), steps in as the new Chairman of the B
SUNNYVALE, Calif., Sept. 28, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced the appointment of Ann Minooka as the company's Chief Marketing Officer, reporting to Sassine Ghazi, president and COO of Synopsys. Minooka joins the company with more than two decades of marketing leadership experience in the semiconductor industry and is responsible for leading Synopsys' global brand strategy, communications, and marketing initiatives. "Ann brings deep semiconductor industry experience and a strong track record of strengthening technology brands, revolutionizing di
SUNNYVALE, Calif., Aug. 7, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced the appointment of Rob Painter to its board of directors. Painter currently serves as president and chief executive officer at Trimble (NASDAQ:TRMB), a global technology company focused on transforming work for industries spanning agriculture, construction, geospatial and transportation. "We are thrilled to welcome Rob to our Synopsys board of directors," said Aart de Geus, chair and CEO of Synopsys. "Rob is a visionary leader whose expertise in driving innovation and leading transformational growth by digitalization across the technology landscape will further accelerate our mission to help catalyze
SUNNYVALE, Calif., July 31, 2023 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced that Jill Larsen has joined the company as Chief People Officer, responsible for leading the Synopsys People and Workplace Resources organization. The role supports Synopsys' global workforce of more than 20,000 employees and interns, with a focus on organizational strategy and development, cultural vitality, employee experience, professional development, as well as diversity, equity and inclusion. Synopsys is a deep technology company that for the last three and a half decades has delivered state-of-the-art electronic design automation software and IP building blocks to the semiconductor industry.
MOUNTAIN VIEW, Calif., Nov. 29, 2022 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced that it has appointed Shelagh Glaser as chief financial officer, effective December 2, 2022. Previous CFO Trac Pham, who announced his planned retirement in December 2021, will remain with the company through December 2022 to ensure an orderly transition. "We are thrilled to add Shelagh to the Synopsys executive team," said Aart de Geus, chairman and chief executive officer of Synopsys. "She brings not only an outstanding track record of financial and operational experience in both software and semiconductor industries, but superb experience scaling larger businesses while continually driving pr
MOUNTAIN VIEW, Calif., May 25, 2022 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced the appointment of Luis Borgen and Marc Casper to its board of directors. Borgen most recently served as chief financial officer of athenahealth, Inc., a leading provider of network-enabled healthcare products and services. Casper is currently chairman, president, and chief executive officer of Thermo Fisher Scientific, Inc., a global life sciences leader. "Luis and Marc are accomplished business leaders with operational and strategic experience and vision that will bring substantial value to the strong board we have at Synopsys," said Aart de Geus, chairman and CEO of Synopsys. "We are excited t
MOUNTAIN VIEW, Calif., Sept. 13, 2021 /PRNewswire/ -- Synopsys, Inc. (NASDAQ:SNPS) today announced that as part of its ongoing evolution and scaling of the business, Sassine Ghazi has been appointed as president and chief operating officer, effective November 1, 2021. Chi-Foon Chan will transition from his co-CEO position over the first half of fiscal 2022, after which he will continue to support the company's long-term success in a new role. Since becoming COO in August of 2020, Ghazi has had a significant impact on the company, bolstering its EDA and IP strategy and portfolio, broadening customer collaborations, enhancing a strong management team, and providing exceptional corporate le