Latest news with #SNPS
Business Insider
5 days ago
- Business
- Business Insider
Synopsys Stock (SNPS) Surges 4% as China Clears $35B Ansys Acquisition
Shares in electronic design automation firm Synopsys (SNPS) were higher today after Chinese regulators gave the green light to its $35 billion takeover of peer Ansys (ANSS). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The decision from the Chinese State Administration for Market Regulations comes only a month after it postponed its approval of the deal between the two U.S. firms which was first announced in early 2024. $28 Billion Market The transaction had already entered the last stage of the Chinese regulator's approval process and was expected to be completed by the end of June. Synopsys hopes the deal will create a leader in silicon to systems design solutions and help it attack a $28 billion market. Ansys produces engineering simulation software used across industries such as automotive, construction, healthcare and defense. Synopsys will also aim to boost its revenue growth which trails its rivals in the sector, including CrowdStrike (CRWD). However, President Trump's decision to apply additional export controls on shipments of semiconductor design software from companies such as Synopsys back in May made China have second thoughts. Nvidia Supplier But, it is understood, according to a report in the Financial Times, that the Trump administration 'quietly relaxed' these rules at the beginning of July. It was also reported that the regulator had received the hurry up from China's commerce ministry to get the deal approved. The close relationship between semiconductor giant Nvidia (NVDA) and China, including the design of a Chinese specific chip, has also likely played a part. That's because Synopsys provides design tools and intellectual property used by chip giants like Nvidia and Intel (INTC) to help them design and test their processors. Is SNPS a Good Stock to Buy Now? Given the news today does that shift investor appetite for SNPS stock? On TipRanks, SNPS has a Strong Buy consensus based on 13 Buy and 1 Hold ratings. Its highest price target is $685. SNPS stock's consensus price target is $605.62 implying a 8.29% upside.
Yahoo
12-07-2025
- Business
- Yahoo
Synopsys (SNPS) Dips More Than Broader Market: What You Should Know
In the latest close session, Synopsys (SNPS) was down 1.22% at $559.28. The stock's change was less than the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%. Shares of the maker of software used to test and develop chips have appreciated by 14.38% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.24%, and the S&P 500's gain of 4.07%. The upcoming earnings release of Synopsys will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.84, reflecting a 11.95% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.77 billion, up 16% from the prior-year quarter. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.09 per share and revenue of $6.77 billion. These totals would mark changes of +14.32% and +8.08%, respectively, from last year. It is also important to note the recent changes to analyst estimates for Synopsys. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Synopsys is carrying a Zacks Rank of #3 (Hold). In terms of valuation, Synopsys is currently trading at a Forward P/E ratio of 37.51. This expresses a premium compared to the average Forward P/E of 26.68 of its industry. We can additionally observe that SNPS currently boasts a PEG ratio of 2.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Computer - Software industry stood at 2.36 at the close of the market yesterday. The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 39, finds itself in the top 16% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synopsys, Inc. (SNPS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Cadence Design Systems, Synopsys Jump as US Lifts Software Restrictions on China Exports
Shares of Cadence Design Systems (CDNS) and Synopsys (SNPS) advanced intraday Thursday after the com Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Cadence Design Systems, Synopsys Jump as US Lifts Software Restrictions on China Exports
Shares of Cadence Design Systems (CDNS) and Synopsys (SNPS) advanced intraday Thursday after the com
Yahoo
27-06-2025
- Business
- Yahoo
Why Is Synopsys (SNPS) Up 9% Since Last Earnings Report?
It has been about a month since the last earnings report for Synopsys (SNPS). Shares have added about 9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Synopsys due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates revision have trended downward during the past month. Currently, Synopsys has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Synopsys has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synopsys, Inc. (SNPS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
