Synopsys (SNPS)

• Market cap: $73.2B
• 1 day: -3.87%
• 5 days: -9.96%
• 1 month: -10.37%
• 3 months: -14.89%
• 6 months: -15.91%
• Year to date: -1.64%
• 1 year: -12.64%
• 5 years: 217.98%
• 10 years: 914.18%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

48% more first-time investments, than exits

New positions opened: 170 | Existing positions closed: 115

6% more repeat investments, than reductions

Existing positions increased: 460 | Existing positions reduced: 432

0% less funds holding

Funds holding: 1,218 [Q3] → 1,213 (-5) [Q4]

2.1% less ownership

Funds ownership: 87.48% [Q3] → 85.38% (-2.1%) [Q4]

6% less capital invested

Capital invested by funds: $68.1B [Q3] → $64.1B (-$4.04B) [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: $908M

Research analyst outlook

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

• Low target: $540 14% upside
• Avg. target: $614 29% upside
• High target: $660 39% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Redburn Atlantic Lachlan Brown 67% 1-year accuracy 2 / 3 met price target	26% upside $600	Buy Initiated	13 Jan 2025
Wells Fargo Joe Quatrochi 44% 1-year accuracy 4 / 9 met price target	14% upside $540	Equal-Weight Maintained	13 Jan 2025
Piper Sandler Clarke Jeffries 67% 1-year accuracy 34 / 51 met price target	38% upside $655	Overweight Maintained	6 Dec 2024
Baird Joe Vruwink 49% 1-year accuracy 20 / 41 met price target	33% upside $630	Outperform Maintained	5 Dec 2024
Rosenblatt Blair Abernethy 49% 1-year accuracy 28 / 57 met price target	39% upside $660	Buy Maintained	5 Dec 2024