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Synopsys Inc - Stock Quote SNPS

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Morningstar's Synopsys Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Synopsys Outperforms With IP Sales Leading the Way Amid Rising Technical Complexity; FVE Up to $334

Analyst Note

| Victoria Radke |

Narrow-moat Synopsys reported strong second-quarter results, with the top and bottom line exceeding both management’s and our at-consensus expectations. The firm significantly raised its full-year outlook for fiscal 2022, reflecting an outsize demand environment as consumer and business applications require both more chips and increasingly complex chips. We expect Synopsys to benefit from the increasing reliance on automation in design flows, with the firm’s DSO.ai solution finding increasing success within large customers, and enabling powerful cross-selling opportunities with the firm’s Fusion Design Platform.

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Synopsys Inc's Company Profile

Business Description

Synopsys is a provider of electronic design automation (EDA) software, intellectual property (IP), and software integrity (SI) products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm’s growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys’ comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

Contact
690 East Middlefield Road
Mountain View, CA, 94043
T +1 650 584-5000
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Jan 31, 2022
Fiscal Year End Oct 30, 2022
Stock Type Aggressive Growth
Employees 16,361