Synopsys (SNPS)

• Market cap: $83.2B
• 1 day: 1.41%
• 5 days: -2.45%
• 1 month: 7.11%
• 3 months: -2.78%
• 6 months: -5.71%
• Year to date: 8.54%
• 1 year: 0.01%
• 5 years: 284.52%
• 10 years: 1,185.45%
• Sector: Information Technology
• Industry: Prepackaged Software

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

Fund manager confidence

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

15% more repeat investments, than reductions

Existing positions increased: 489 | Existing positions reduced: 427

2% less funds holding

Funds holding: 1,228 [Q2] → 1,203 (-25) [Q3]

3.55% less ownership

Funds ownership: 88.33% [Q2] → 84.78% (-3.55%) [Q3]

16% less first-time investments, than exits

New positions opened: 127 | Existing positions closed: 152

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

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

• Low target: $635 17% upside
• Avg. target: $661 22% upside
• High target: $687 27% upside

10 analyst ratings

• positive: 10 100%
• neutral: 0 0%
• negative: 0 0%

Loop Capital Gary Mobley 36% 1-year accuracy 5 / 14 met price target	25% upside $675	Buy Initiated	11 Nov 2024
Piper Sandler Clarke Jeffries 59% 1-year accuracy 20 / 34 met price target	24% upside $670	Overweight Maintained	24 Oct 2024
Needham Charles Shi 23% 1-year accuracy 14 / 61 met price target	18% upside $640	Buy Reiterated	22 Oct 2024
Mizuho Siti Panigrahi 77% 1-year accuracy 10 / 13 met price target	20% upside $650	Outperform Initiated	22 Oct 2024
Berenberg Nay Soe Naing 67% 1-year accuracy 2 / 3 met price target	22% upside $660	Buy Initiated	15 Oct 2024