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.
EDA Market Leade | Synopsys dominates the electronic design automation industry with an $8.1 billion backlog, showcasing strong demand for its cutting-edge software and services |
AI Chip Design Boom | Explore how Synopsys is capitalizing on the surge in AI-related chip design, positioning itself at the forefront of this rapidly expanding market segment |
Ansys Acquisition | Delve into the strategic implications of Synopsys' pending Ansys acquisition, potentially creating synergies and expanding its product portfolio |
China Challenges | Analysts project a price target range of $502 to $685 amidst concerns over potential EDA restrictions in China, which accounts for 10-11% of Synopsys' revenue |
Metrics to compare | SNPS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipSNPSPeersSector | |
|---|---|---|---|---|
P/E Ratio | 62.7x | 27.4x | 12.0x | |
PEG Ratio | 1.98 | −0.02 | 0.01 | |
Price/Book | 2.6x | 5.5x | 2.4x | |
Price / LTM Sales | 11.4x | 4.8x | 2.3x | |
Upside (Analyst Target) | 39.6% | 47.5% | 23.4% | |
Fair Value Upside | Unlock | 7.9% | 4.1% | Unlock |