Synopsys (SNPS) closed the most recent trading day at $536.52, moving 2.23% from the previous trading session.
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The U.S. has eased restrictions on exports of semiconductor design software to China, according to three companies impacted by the curbs.
The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced.
Synopsys (SNPS) reported earnings 30 days ago. What's next for the stock?
Synopsys (SNPS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SNPS crossed above the 200-day moving average, suggesting a long-term bullish trend.
Synopsys (SNPS) closed at $495.7 in the latest trading session, marking a +1.73% move from the prior day.
Zacks.com users have recently been watching Synopsys (SNPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Synopsys (SNPS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Synopsys is the EDA industry leader, expanding into AI and multichip systems, with a strategic $35B Ansys acquisition to create a broader design platform. The Ansys deal offers synergy potential but brings significant debt and execution risk; management targets rapid deleveraging to maintain investment grade. Recent financials are robust, with double-digit revenue growth and strong margins, but valuation is high and upside is limited at current prices.
Shares of Synopsys Inc. took a sharp U-turn into the red on Thursday after the provider of semiconductor-design software withdrew its financial guidance given the uncertainties created by new restrictions on exports to China.
Synopsys, which makes chip design software, has now received a letter from the U.S. Commerce Department imposing new restrictions on sales to China. The company yanked guidance for the full fiscal year.