Synopsys (SNPS)

• Market cap: $81.6B
• 1 day: 0.58%
• 5 days: 7.53%
• 1 month: 7.55%
• 3 months: 4.78%
• 6 months: -9.86%
• Year to date: 9.74%
• 1 year: -2.21%
• 5 years: 244.93%
• 10 years: 1,148.53%
• 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: 433

1% more first-time investments, than exits

New positions opened: 128 | Existing positions closed: 127

1% less funds holding

Funds holding: 1,231 [Q2] → 1,217 (-14) [Q3]

4.73% less ownership

Funds ownership: 92.21% [Q2] → 87.48% (-4.73%) [Q3]

19% less capital invested

Capital invested by funds: $83.9B [Q2] → $68.1B (-$15.9B) [Q3]

31% less call options, than puts

Call options by funds: $712M | Put options by funds: $1.04B

34% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $540 2% upside
• Avg. target: $624 18% upside
• High target: $675 27% upside

9 analyst ratings

• positive: 7 78%
• neutral: 2 22%
• negative: 0 0%

Redburn Atlantic Lachlan Brown 80% 1-year accuracy 4 / 5 met price target	13% upside $600	Buy Initiated	13 Jan 2025
Wells Fargo Joe Quatrochi 29% 1-year accuracy 2 / 7 met price target	2% upside $540	Equal-Weight Maintained	13 Jan 2025
Piper Sandler Clarke Jeffries 58% 1-year accuracy 30 / 52 met price target	24% upside $655	Overweight Maintained	6 Dec 2024
Baird Joe Vruwink 38% 1-year accuracy 16 / 42 met price target	19% upside $630	Outperform Maintained	5 Dec 2024
Rosenblatt Blair Abernethy 49% 1-year accuracy 26 / 53 met price target	25% upside $660	Buy Maintained	5 Dec 2024