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 Dominance | Synopsys maintains leadership in Electronic Design Automation with $8.1 billion backlog, showcasing strong demand and future revenue potential |
AI-Driven Innovation | Explore Synopsys's strategic expansion into AI-enhanced chip design tools, positioning the company at the forefront of technological advancements |
Market Valuation | Analysts set price targets ranging from $687 to $690, reflecting confidence in Synopsys's growth prospects despite conservative FY25 guidance |
Strategic Acquisition | Delve into the potential impact of the Ansys acquisition, which could expand Synopsys's market reach and strengthen its comprehensive design solutions |
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 | 59.3x | 9.8x | 11.3x | |
PEG Ratio | 1.21 | 1.92 | 0.01 | |
Price/Book | 8.3x | 3.9x | 2.4x | |
Price / LTM Sales | 12.7x | 6.3x | 2.0x | |
Upside (Analyst Target) | 18.3% | 17.1% | 28.2% | |
Fair Value Upside | Unlock | 9.4% | 8.5% | Unlock |