Synopsys Stock News

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.

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Synopsys is a market leader in the chip design SaaS space, boasting strong financials and consistent growth. SNPS produces high gross margins above 80% and operating margins near 25%, driving robust cash conversion and shareholder value. Despite 'high-looking' valuation ratios, SNPS is currently undervalued, presenting an attractive investment opportunity with potential for multiple expansion.

Synopsys Inc (SNPS, Financial) has recently captured the attention of investors and financial analysts with its strong financial performance. Currently trading at $522.9 per share, Synopsys Inc has experienced a daily increase of 0.99%, despite a three-month decline of -13.74%.

Synopsys is a high-quality company with a competitive advantage in the semiconductor industry, offering potential low-double digit returns over the next decade. SNPS's moat is built on high switching costs and a vast IP library, ensuring a loyal customer base and steady profitability. The potential acquisition of Ansys could significantly boost Synopsys's TAM and competitive strength, despite t...

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Synopsys is a design automation company that serves the semiconductor sector and other industries. Nvidia is a leading manufacturer of graphics processing units with an 88% market share, and it's seeing surging demand for its products.

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 leaders Developing new backside power delivery capabilities on TSMC's A16 to enable efficient ...