Synopsys (SNPS)

• Market cap: $75.9B
• 1 day: -0.24%
• 5 days: -3.00%
• 1 month: -9.12%
• 3 months: -2.86%
• 6 months: -19.34%
• Year to date: -1.36%
• 1 year: -10.79%
• 5 years: 251.86%
• 10 years: 1,018.08%
• 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 16% upside
• Avg. target: $643 31% upside
• High target: $675 37% upside

8 analyst ratings

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

Piper Sandler Clarke Jeffries 61% 1-year accuracy 30 / 49 met price target	33% upside $655	Overweight Maintained	6 Dec 2024
Baird Joe Vruwink 50% 1-year accuracy 21 / 42 met price target	28% upside $630	Outperform Maintained	5 Dec 2024
Rosenblatt Blair Abernethy 56% 1-year accuracy 29 / 52 met price target	34% upside $660	Buy Maintained	5 Dec 2024
Needham Charles Shi 31% 1-year accuracy 24 / 78 met price target	30% upside $640	Buy Reiterated	5 Dec 2024
Wells Fargo Gary Mobley 71% 1-year accuracy 15 / 21 met price target	16% upside $570	Equal-Weight Initiated	22 Nov 2024