Is Synopsys Stock a Buy, Sell or Hold at a P/E Multiple of 37.76X?

Synopsys Inc. (SNPS) has long been a respected name in the electronic design automation (EDA) sector, providing essential tools and services to semiconductor design and manufacturing companies. However, with a forward 12-month price-to-earnings (P/E) ratio of 36.76 — significantly above the Zacks Computer - Software industry average of 33.22 — concerns are rising about whether Synopsys' premium valuation is justified in the current market.Image Source: Zacks Investment ResearchSynopsys’ Underwhelming Year-t ...