Synopsys (SNPS)

• Market cap: $69B
• 1 day: -0.82%
• 5 days: 1.14%
• 1 month: -1.86%
• 3 months: -9.10%
• 6 months: -13.07%
• Year to date: -7.56%
• 1 year: -22.17%
• 5 years: 258.76%
• 10 years: 874.51%
• 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: 20,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 186 | Existing positions closed: 119

3% more funds holding

Funds holding: 1,220 [Q3] → 1,257 (+37) [Q4]

7% more repeat investments, than reductions

Existing positions increased: 472 | Existing positions reduced: 443

0.99% less ownership

Funds ownership: 87.3% [Q3] → 86.32% (-0.99%) [Q4]

5% less capital invested

Capital invested by funds: $68B [Q3] → $64.4B (-$3.6B) [Q4]

14% less funds holding in top 10

Funds holding in top 10: 21 [Q3] → 18 (-3) [Q4]

16% less call options, than puts

Call options by funds: $766M | Put options by funds: $909M

Research analyst outlook

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

• Low target: $520 17% upside
• Avg. target: $612 37% upside
• High target: $660 48% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Piper Sandler Clarke Jeffries 36% 1-year accuracy 17 / 47 met price target	46% upside $653	Overweight Maintained	27 Feb 2025
Needham Charles Shi 14% 1-year accuracy 11 / 78 met price target	46% upside $650	Buy Reiterated	27 Feb 2025
Wells Fargo Joe Quatrochi 0% 1-year accuracy 0 / 9 met price target	17% upside $520	Equal-Weight Maintained	27 Feb 2025
Rosenblatt Blair Abernethy 25% 1-year accuracy 17 / 67 met price target	48% upside $660	Buy Maintained	25 Feb 2025
Morgan Stanley Lee Simpson 0% 1-year accuracy 0 / 2 met price target	32% upside $590	Overweight Maintained	24 Feb 2025