Synopsys, Inc. Price and Consensus
Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote
The necessity of compliance with all these certifications has become important in recent times as a growing number of automotive brands are rolling out software-defined vehicles. With a rising number of vehicles depending on software updates online, there’s a growing threat of cyber breaches, malware injection, or unauthorized access. With all these certifications in place, the ARC HS4xFS Processor IP might see its adoption among original equipment manufacturers in the automotive space.Synopsys Gains From Improving IP Portfolio
The global semiconductor IP market is likely to witness a CAGR 8.5% from 2024 to 2032, per a report by Global Market Insights. Companies like Cadence Design Systems CDNS, Arm Holdings ARM, Lattice Semiconductors, NVIDIA and Qualcomm operate in this market. Bigger players like Cadence Design systems are acquiring other companies like Rambus to expand its capabilities in this growing market. Synopsys also acquired Intrinsic ID to advance in Physical Unclonable Function IP technology front. Like any other big semiconductor IP player, Arm Holdings is advancing its automotive IPs. Arm Holdings recently launched server-grade automotive enhanced processor IP. SNPS also undertook multiple steps to advance its IP portfolio in 2024. It rolled out industry’s first complete 1.6T Ethernet IP solution. This followed the certification of Synopsys’ IP on Samsung Advanced SF2 GAA Process. In the domain of IP chips, the company also collaborated with Intel INTC and TSMC to launch INTC’s Pike Creek. Intel's Pike Creek is the world's first silicon-proven UCIe-connected chip, featuring an Intel UCIe IP die built on the Intel 3 process node and a Synopsys UCIe IP die built on the TSMC N3E process. In 2024, SNPS also pioneered the launch of complete PCIe 7.0 IP solution containing PHY, controller, IDE security module and verification IP. Synopsys also sold off its Software Integrity Business to Clearlake Capital and Francisco Partners to be able to free up its resources for advancing its core design automation and design IP segments.Conclusion
Synopsys is benefiting from solid design wins due to a robust product portfolio. Also, certifications provide assurance for products to customers, which ultimately increases its adoption. The growing demand for advanced technology, design, IP and security solutions is also creating solid prospects. The rising impact of artificial intelligence, 5G, the Internet of Things and big data is driving investments in new compute and machine learning architectures. These trends are aiding Synopsys’ top-line growth. In the second quarter of 2024, SNPS’ revenues increased 15% year over year to $1.45 billion. SNPS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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