We have put together a list of 11 oversold blue chip stocks that hedge funds recommend buying. In this article, we will examine how Synopsys, Inc. (NASDAQ:SNPS) compares to the other oversold blue chip stocks. Ongoing uncertainty about tariff announcements is still affecting Wall Street.
Electronic Design Automation (EDA) software is essential for developing semiconductors, and this market is mainly controlled by two major companies. Synopsys and Cadence not only offer EDA software but also provide Intellectual Property and earn money from licensing and royalties. I believe both companies will continue to grow significantly over the next ten years due to their strong competitive advantages.
End-to-End Virtual Prototyping Workflows help speed up software development and reduce time to market for automotive, HPC, and IoT systems. The new Synopsys Virtualizer™ allows for faster performance by running software directly on Arm servers, whether in the cloud or on-site. This solution builds on over 20 years of Synopsys expertise in virtual prototyping, offering seamless scaling and integration with their hardware-assisted verification tools for better software analysis.
Recently, Zacks.com users have been closely monitoring Synopsys (SNPS) stock. Therefore, it's important to look into what the future holds for this stock.
SUNNYVALE, Calif., March 5, 2025 /PRNewswire/ -- Synopsys announced today that it is happy the U.K. Competition and Markets Authority (CMA) has officially approved its plan to acquire Ansys in Phase 1, as long as certain divestitures are made.
On Wednesday, Britain's competition regulator announced that it will not investigate Synopsys' $35 billion purchase of Ansys in detail, as it has accepted solutions proposed by the companies.
Synopsys is facing challenges with its valuation and economic uncertainties. Despite this, its solid fundamentals suggest that holding onto the stock is a good idea.
Sassine Ghazi, the CEO of Synopsys, appears on 'Closing Bell Overtime' to discuss the company's quarterly results, the effects of tariffs from China, the demand for AI, and other topics.
SNPS' first quarter results show strong performance in EDA and other areas, but this was balanced out by a drop in Design IP revenues.
On February 26, Synopsys (SNPS 2.73%), a top company in electronic design automation and silicon IP, shared its earnings for the first quarter of 2025. They reported non-GAAP earnings per share (EPS) of $3.03, which was higher than the analyst prediction of $2.79 and the company's own guidance of $2.77 to $2.82.