SNPS stock icon

Synopsys
SNPS

$600.14
0.76%
 

About: Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

Employees: 20,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 20 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

28% more repeat investments, than reductions

Existing positions increased: 497 | Existing positions reduced: 389

24% more first-time investments, than exits

New positions opened: 167 | Existing positions closed: 135

10% more capital invested

Capital invested by funds: $66.9B [Q4 2023] → $73.7B (+$6.75B) [Q1 2024]

3% more funds holding

Funds holding: 1,165 [Q4 2023] → 1,197 (+32) [Q1 2024]

0.59% less ownership

Funds ownership: 85.53% [Q4 2023] → 84.94% (-0.59%) [Q1 2024]

6% less funds holding in top 10

Funds holding in top 10: 33 [Q4 2023] → 31 (-2) [Q1 2024]

25% less call options, than puts

Call options by funds: $825M | Put options by funds: $1.09B

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$615
2%
upside
Avg. target
$645
7%
upside
High target
$672
12%
upside

14 analyst ratings

14 positive
100%
neutral
0%
negative
0%
Baird
Joe Vruwink
7%upside
$645
Outperform
Maintained
23 May 2024
JP Morgan
Harlan Sur
9%upside
$655
Overweight
Maintained
23 May 2024
Rosenblatt
Blair Abernethy
2%upside
$615
Buy
Maintained
23 May 2024
Needham
Charles Shi
10%upside
$660
Buy
Reiterated
23 May 2024
Piper Sandler
Clarke Jeffries
12%upside
$672
Overweight
Reiterated
23 May 2024

Financial journalist opinion

Based on 20 articles about SNPS published over the past 30 days