Synopsys Inc Stock Price, News & Analysis

Synopsys (NASDAQ: SNPS) has completed the acquisition of WhiteHat Security for $330 million in cash, enhancing its application security SaaS capabilities. This acquisition adds WhiteHat's dynamic application security testing (DAST) technology to Synopsys’ portfolio, which is among the industry’s broadest. The integration is expected to be neutral to FY2022 non-GAAP earnings per share. Synopsys aims to leverage WhiteHat's expertise to accelerate the development of SaaS-based security testing solutions, reinforcing its mission to improve software security.

Synopsys (Nasdaq: SNPS) launched a new RF design flow in collaboration with Ansys and Keysight for TSMC's advanced N6RF process. This initiative aims to enhance power and performance optimization for 5G chips, improving design productivity. The new flow addresses complex RFIC design challenges, delivering enhanced connectivity, bandwidth, and reduced latency across connected devices. Key components include Synopsys' Custom Compiler, PrimeSim, and tools from Ansys and Keysight, streamlining design processes and mitigating risks of costly re-spins.

Synopsys (Nasdaq: SNPS) announced the certification of its digital and custom design flows for TSMC's N3E and N4P processes, enhancing performance, power, and area (PPA) for next-gen SoCs targeting mobile and high-performance computing applications. Synopsys' Foundation and Interface IP are now available on these advanced processes to facilitate SoC development and reduce design risks. The collaboration with TSMC aims to help customers meet the stringent PPA demands of complex chip designs, with significant innovations in synthesis, verification, and circuit simulation technologies.

On June 1, 2022, Synopsys (Nasdaq: SNPS) launched DesignDash, a new design optimization solution that enhances the electronic design automation (EDA) analytics portfolio. This cloud-optimized tool leverages machine learning to provide real-time insights, facilitating faster decision-making and improved design productivity in system-on-chip (SoC) development. DesignDash allows designers to visualize data, identify trends, and optimize workflows effectively. In a rapidly evolving semiconductor landscape, this innovation addresses increasing design complexity and aims to accelerate time-to-market for customers.

Synopsys, Inc. (Nasdaq: SNPS) announced an accelerated share repurchase agreement with Wells Fargo Bank to repurchase $200 million of its stock. The agreement will result in an initial delivery of approximately 523,000 shares, with final settlement expected by August 15, 2022. This buyback aims to enhance shareholder value and improve earnings per share (EPS). However, the total number of shares repurchased will depend on the average daily volume-weighted share prices during the buyback period, which carries inherent market risks.

On May 25, 2022, Synopsys (Nasdaq: SNPS) announced its top-ranking performance in the 2022 Gartner® Critical Capabilities for Application Security Testing. The report highlights Synopsys receiving the highest scores across five critical use cases: Enterprise, Continuous Testing, Mobile and Client, DevSecOps, and Cloud-Native Applications. This recognition reflects Synopsys' investments in enhancing its security solutions, including features like Rapid Scan capabilities and the acquisition of Code Dx. The company aims to address the growing complexity of software risk management.

On May 25, 2022, Synopsys (Nasdaq: SNPS) announced the appointment of Luis Borgen and Marc Casper to its board of directors. Borgen, former CFO of athenahealth, brings over 25 years of finance expertise, while Casper, CEO of Thermo Fisher, has extensive executive experience. Aart de Geus, chairman and CEO, emphasized their potential to add significant value as Synopsys aims to scale beyond $5 billion. Both appointees expressed enthusiasm about joining the board, highlighting Synopsys' innovative product portfolio and commitment to addressing critical technological challenges.

Synopsys (Nasdaq: SNPS) has partnered with Arrow Electronics, a top value-added distributor, to enhance the distribution of its application security solutions across North America. This agreement aims to broaden the market reach of Synopsys Software Integrity Group's acclaimed security testing portfolio. Synopsys is recognized as a leader in application security, holding multiple accolades from Gartner and Forrester. The collaboration will empower resellers in Arrow's network to offer solutions such as Coverity, Black Duck, and Seeker, facilitating improved software security and compliance.

Synopsys (Nasdaq: SNPS) and Analog Devices, Inc. have partnered to enhance power management modeling through their joint offerings of model libraries for DC/DC ICs and µModule regulators, integrated with Synopsys’ Saber simulation tool. This collaboration aims to facilitate accurate multi-domain simulations for various applications, including electric vehicles and aerospace systems, thus improving design processes and reducing time-to-market.

The latest SaberRD version is currently available for users seeking to leverage these advancements.