
NASDAQ:SNPS
This summary was created by AI, based on 7 opinions in the last 12 months.
Synopsys Inc (SNPS) is renowned for its crucial role in the software that powers the design of computer chips and industrial applications, positioning it as a dominant player alongside CDNS. Several experts view the current price drop, off by 35% from last summer's high, as an attractive buying opportunity. Despite a recent earnings miss attributed to setbacks in its Design IP business and global market challenges, there is optimism around its core business in electronic design automation and AI-driven solutions. The company is also engaging in stock buybacks, indicating confidence in its long-term prospects. Analysts suggest a solid overall outlook despite current headwinds, making Synopsys a noteworthy consideration for investors interested in the semiconductor and AI sectors.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They saw some decline today but recouped somewhat. Sales missed estimates and they announced a small per share loss. Margins remain stable and they saw an analyst upgrade. Strong growth is expected for the next few years and their financial position remains healthy. Unlock Premium - Try 5i Free
(A Top Pick Jun 06/19, Up 23%) A maker of computer software for chip manufacturing. They are benefiting from the trend of more AI, cloud and autonomous driving. Chips are getting more complex and the need for software is increasing. He liked their recent earnings report. A time to add to a position.
A past Top Pick. He likes how they are positioned for their software integrity and testing. As semi-conductor chips are becoming more complex their software is growing in demand. They are insulated from any shocks like in China as he expects companies to continue to funnel money into R&D. Yield 0% (Analysts’ price target is $175.17)
An electronic design automation company. He likes it because it is not super cyclical. Companies like AAPL-Q are designing their own chips and this gives them a barrier to entry. He has liked it over the long term.
Took off once the US 10-year rate came down. Profitable, but highly leveraged. Electronic design automation products to design and test integrated semiconductor circuits. Lots of horses. Leader in EDA, which will help semi industry with labour shortages. Buy here around $518, again just shy of $500. Shouldn't go under $470, and definitely not under $450. No dividend.
(Analysts’ price target is $611.38)