Synopsys, Inc. with ticker code (SNPS) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 171 and 91.9 calculating the mean target price we have 149.72. Given that the stocks previous close was at 141.77 this now indicates there is a potential upside of 5.6%. The 50 day MA is 137.68 and the 200 day moving average is 132.98. The market capitalisation for the company is $21,114m. Company Website: http://www.synopsys.com
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. The company also offers intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and system-on-chip infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating point components, and ARM AMBA interconnect fabric and peripherals. In addition, it provides logic libraries and embedded memories; configurable processor cores and application-specific instruction-set processor tools for embedded applications; IP subsystems for audio, sensor, and data fusion functionality; and security IP solutions. Further, the company offers Platform Architect tools for SoC architecture analysis and optimization; virtual prototyping solutions; and HAPS FPGA-based prototyping systems, as well as a series of tools used in the design of optical systems and photonic devices. Additionally, it provides security testing, managed services, programs and professional services, and training that enable its customers to detect and remediate defects in the software development lifecycle; manufacturing solutions for semiconductor manufacturers; and professional and other services. Synopsys, Inc. has collaboration agreement with Palma Ceia SemiDesign, Inc.; Elektrobit; Ixia; and TSMC. The company was founded in 1986 and is headquartered in Mountain View, California.