Synopsys (SNPS)

• Market cap: $76.8B
• 1 day: -0.37%
• 5 days: -0.81%
• 1 month: -10.04%
• 3 months: -3.32%
• 6 months: -16.74%
• Year to date: -0.13%
• 1 year: -4.22%
• 5 years: 255.76%
• 10 years: 1,033.55%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Synopsys is a provider of electronic design automation software and intellectual property products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Synopsys' comprehensive portfolio is benefiting from a convergence of semiconductor companies moving up the stack of technologies 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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 493 | Existing positions reduced: 431

1% less funds holding

Funds holding: 1,230 [Q2] → 1,215 (-15) [Q3]

3.53% less ownership

Funds ownership: 88.35% [Q2] → 84.81% (-3.53%) [Q3]

10% less first-time investments, than exits

New positions opened: 128 | Existing positions closed: 143

18% less capital invested

Capital invested by funds: $80.4B [Q2] → $66B (-$14.4B) [Q3]

31% less call options, than puts

Call options by funds: $696M | Put options by funds: $1.02B

34% less funds holding in top 10

Funds holding in top 10: 32 [Q2] → 21 (-11) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $570 14% upside
• Avg. target: $643 29% upside
• High target: $675 35% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Piper Sandler Clarke Jeffries 60% 1-year accuracy 30 / 50 met price target	31% upside $655	Overweight Maintained	6 Dec 2024
Baird Joe Vruwink 45% 1-year accuracy 19 / 42 met price target	26% upside $630	Outperform Maintained	5 Dec 2024
Rosenblatt Blair Abernethy 54% 1-year accuracy 28 / 52 met price target	32% upside $660	Buy Maintained	5 Dec 2024
Needham Charles Shi 29% 1-year accuracy 23 / 78 met price target	28% upside $640	Buy Reiterated	5 Dec 2024
Wells Fargo Gary Mobley 57% 1-year accuracy 12 / 21 met price target	14% upside $570	Equal-Weight Initiated	22 Nov 2024