Synopsys, Inc.’s Stock Price Declines by 3.13% to $501.35, Investors Eye Market Movements Closely

Synopsys, Inc. (SNPS)

501.35 USD -16.21 (-3.13%) Volume: 1.66M

Explore Synopsys, Inc.’s stock price, currently valued at 501.35 USD, experiencing a -3.13% change this trading session with a trading volume of 1.66M and a year-to-date percentage change of -2.63%, reflecting the dynamic performance of SNPS in the stock market.

Latest developments on Synopsys, Inc.

Synopsys Inc (SNPS) experienced a gap down in shares to $498.73 on Oct 16, despite outperforming competitors and receiving bullish coverage from analysts. The stock price saw a 2.6% decrease, but Vontobel Holding Ltd. acquired over 43,000 shares of Synopsys, Inc. TTP Investments Inc. also holds $390,000 in stock holdings, while Exchange Traded Concepts LLC has $3.92 million in stock holdings. These recent events have contributed to the fluctuations in Synopsys Inc‘s stock price today.

Synopsys, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely covering Synopsys Inc and providing insights on the company’s performance. In a report titled “Synopsys Inc.: How Are They Becoming A Comprehensive Silicon-To-Software-To-Systems Provider! – Major Drivers,” Synopsys reported robust financial results for the third quarter of the fiscal year 2024. The company’s revenue increased by 13% year-over-year, surpassing guidance targets and setting a quarterly revenue record. Non-GAAP operating margin improved by 3.6 points to 40%, with non-GAAP EPS rising by 27% year-over-year.

Furthermore, in another report by Baptista Research titled “Synopsys Inc.: Continued Momentum in Core Business & AI Investments Paying Off? – Major Drivers,” it was highlighted that in Q2 2024, Synopsys’s revenue increased by 15% year over year, meeting high-end expectations. The non-GAAP operating margin also rose to 37.3%, with non-GAAP EPS increasing by 26% year over year. These positive outcomes led Synopsys to raise its full-year revenue and non-GAAP EPS guidance, indicating a strong performance and potential growth for the company.

A look at Synopsys, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Synopsys Inc has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned well for continued expansion and market success. The strong Growth score indicates potential for increasing revenue and market share, while the Momentum score suggests that the company is on a positive trajectory. Additionally, Synopsys Inc‘s Resilience score of 3 indicates a moderate ability to withstand economic downturns or industry challenges, providing further stability to its long-term outlook.

Although Synopsys Inc scores lower in Value and Dividend, the overall outlook remains favorable due to its strong performance in Growth, Resilience, and Momentum. As a supplier of electronic design automation solutions to the global electronics market, Synopsys Inc is well-positioned to capitalize on the increasing demand for advanced integrated circuits and electronic systems. With a focus on streamlining the design process and accelerating time to market for its customers, Synopsys Inc is poised for continued success in the long term.

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