Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It operates in two segments, Design Automation and Design IP. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; FPGA design products that are programmed to perform specific functions; synopsys technology computer-aided design (TCAD), mask synthesis, and manufacturing analytic solutions; and AI-driven EDA solutions. It also provides intellectual property (IP) solutions for UCIe, USB, PCI Express, DDR, Ethernet, MIPI, and HDMI; logic libraries and embedded memories; processor cores, software, and application-specific instruction-set processor tools for embedded applications; security IP solutions; IP solutions for automotive market; and system-on-chip (SoC) infrastructure IP, datapath and building block IP, and verification IP products, as well as mathematical and floating-point components, and Arm AMBA interconnect fabric and peripherals. The company was incorporated in 1986 and is headquartered in Sunnyvale, California.
Future Projections | Analysts set price targets ranging from $655 to $690, with Synopsys forecasting 10.6% revenue growth for FY25, potentially conservative given long-term opportunities. |
Market Dynamics | Delve into Synopsys's competitive edge amidst industry tailwinds, including increasing chip design complexity and growing demand for AI-capable hardware. |
Innovation Powerhouse | Explore Synopsys's diverse product portfolio, focusing on its thriving IP business and collaborations with industry giants to drive semiconductor advancements. |
EDA Market Leade | Synopsys dominates the electronic design automation industry with robust financial performance, high margins, and strategic positioning in AI and 3D-IC technologies. |
Metrics to compare | SNPS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSNPSPeersSector | |
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P/E Ratio | 52.6x | −11.4x | 11.4x | |
PEG Ratio | 0.66 | −0.80 | 0.01 | |
Price / Book | 8.4x | 5.6x | 2.4x | |
Price / LTM Sales | 12.4x | 6.5x | 2.1x | |
Upside (Analyst Target) | 26.6% | 4.4% | 26.1% | |
Fair Value Upside | Unlock | 2.2% | 5.7% | Unlock |