SUNNYVALE, Calif., Oct. 29, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced it will report results for the fourth quarter and fiscal year 2024 on Wednesday, December 4, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Synopsys headquarters in Sunnyvale, Calif. (PRNewsfoto/Synopsys, Inc.) Financial and other statistical information to be discussed on this confe ...

In the latest market close, Synopsys (SNPS) reached $501.58, with a +1.28% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.56%.Coming into today, shares of the maker of software used to test and develop chips had lost 3.91% in the past month. In that same time, the Computer and Technology sector gained 1.65%, while the S&P 500 gained 1.39%.Analysts and ...

Synopsys (SNPS) ended the recent trading session at $495.25, demonstrating a +0.37% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.22% gain on the day. Elsewhere, the Dow saw a downswing of 0.33%, while the tech-heavy Nasdaq appreciated by 0.76%.Shares of the maker of software used to test and develop chips witnessed a loss of 3.32% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.29% and the S&P 500's gain of 1.47 ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. . BTIG analyst Gregory Lewis initiated coverage on DHT Holdings, Inc. DHT with a Buy rating and announced a price target of $16. DHT shares fell 3.2% to close at $11.34 on Monday. See how other analysts view this stock. · Berenberg analyst Nay Soe Naing initiated coverage on Synopsys, Inc. SNPS with a Buy rating and anno ...

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Synopsys (SNPS) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept. 30. Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer & Technology Sector's decline of 1.1% and the Zacks Computer – Software industry's fall of 2.7%. Synopsys is currently facing several challenges, including a rise in cost of revenues and operating expenses. In the third quarter of fiscal 2024, these c ...

Optimized EDA and IP Solutions Deliver Enhanced Compute Performance, Power and Engineering Productivity for TSMC N2 and A16 Processes Highlights Production-ready AI-driven EDA flows, powered by Synopsys.ai, on N2 deliver exceptional quality of results and accelerate design node migration for industry leaders Developing new backside power delivery capabilities on TSMC's A16 to enable efficient power distribution and system performance Joint TSMC, Synopsys and Ansys multi-physics flow supporting CoWoS interpo ...

Core Viewpoint - Synopsys has entered into a definitive agreement to sell its Optical Solutions Group (OSG) to Keysight Technologies, with the transaction subject to customary closing conditions and regulatory approvals, including the pending acquisition of Ansys by Synopsys, expected to close in the first half of 2025 [2][4]. Group 1: Transaction Details - The sale of OSG is a strategic move to facilitate the regulatory approval process for Synopsys' acquisition of Ansys [2][4]. - The financial terms of the transaction have not been disclosed, and it is not expected to materially impact Synopsys' financials [4]. Group 2: OSG Overview - Synopsys' Optical Solutions Group provides advanced design tools for optical engineers, including products like CODE V, LightTools, LucidShape, RSoft Photonic Device Tools, and the new ImSym platform [3]. - These tools are designed to enhance the speed and quality of optical product development, supporting high-accuracy simulations and visualizations [3]. Group 3: Keysight's Perspective - Keysight Technologies aims to expand its software simulation portfolio through this acquisition, enhancing capabilities in optics and photonics [4]. - The integration of OSG is expected to address critical design challenges in multi-physics simulations, benefiting customers across various industries [4].

Synopsys Inc. (SNPS) has seen a sharp decline of more than 18% in its stock price over the past three months, underperforming both its industry and the broader technology sector. During this period, the Zacks Computer – Software industry declined 4.2%, and the Zacks Computer and Technology sector fell by 6.7%. Several factors have contributed to this decline, including mounting fears over a potential U.S. recession and a slowdown in the company's growth within its key design automation segment. Despite thes ...

"In today's competitive markets for imaging products, the ability to comprehensively and accurately prototype imaging systems virtually is a game-changer," said Emilie Viasnoff, head of Optical Solutions at Synopsys. "ImSym embodies our commitment to innovation by offering a comprehensive, intuitive, and physics-based software solution for imaging system design and validation. After decades at the forefront of software for optical design, we are proud to expand our trusted solutions into the virtual prototy ...