Synopsys Inc Stock Price, News & Analysis

Synopsys, Inc. (Nasdaq: SNPS) has appointed Sassine Ghazi as the new president and chief operating officer effective November 1, 2021. Ghazi, who joined the company in 1998 and was previously COO, has had a significant impact on enhancing Synopsys' EDA and IP strategy, customer collaborations, and leadership. Chi-Foon Chan will transition from his co-CEO position in the first half of fiscal 2022, continuing to support the company in a new role. The company's strategy aims to scale revenues to $5 billion and beyond.

Synopsys (Nasdaq: SNPS) announced the adoption of its PrimeSim Reliability Analysis solution by leading semiconductor companies, enhancing reliability analysis for analog and mixed-signal designs. This solution streamlines the assessment process, supporting compliance with standards like ISO 26262. The integration with PrimeSim Continuum offers advanced simulators for various reliability analyses, significantly reducing late-stage engineering changes. With technologies certified by major foundries, the PrimeSim solution aims to elevate the safety and performance of ICs in sectors such as automotive and aerospace.

Synopsys has successfully completed the acquisition of semiconductor and flat panel display solutions from BISTel, enhancing its process control offerings. This acquisition aims to integrate BISTel's advanced engineering systems and AI applications into Synopsys' portfolio, improving manufacturing quality and efficiency in semiconductor fabs. The deal's financial terms remain undisclosed, but it is expected to significantly boost throughput and operational efficiency through the utilization of real-time predictive analysis technologies.

Synopsys, Inc. (SNPS) announced that its CFO, Trac Pham, will be presenting at the D.A. Davidson Software and Internet Conference on September 9, 2021. The conference will be streamed live at Synopsys Investor Relations at 1:30 p.m. ET (10:30 a.m. PT). A replay will be available on their website about an hour after the live presentation. Synopsys is a leader in electronic design automation and semiconductor IP, providing critical tools for companies developing innovative electronic products and software applications.

Synopsys, Inc. (Nasdaq: SNPS) announced an accelerated share repurchase (ASR) agreement with HSBC Bank USA to buy back $175 million of its stock. The initial share delivery is approximately 431,000 shares, with the final number to be settled by November 24, 2021. The ASR will be based on Synopsys' average daily volume-weighted share prices, discounted. This move reflects the company's commitment to enhancing shareholder value through strategic capital allocation.

Synopsys, Inc. (Nasdaq: SNPS) announced that Achronix achieved first-pass silicon success for its Speedster7t FPGA using Synopsys's design, verification, and IP solutions. The 7-nm FPGA meets high-bandwidth and AI/ML workload requirements, reducing time-to-market. Synopsys's DesignWare IP portfolio contributed to improved memory performance and decreased power consumption. Significant enhancements include a 4% increase in area efficiency and an 8% improvement in timing. Achronix plans ongoing collaboration with Synopsys to utilize DesignWare IP for future designs.

Synopsys, Inc. (Nasdaq: SNPS) announced that CFO Trac Pham will speak at the Rosenblatt Securities Technology Summit: Age of AI Scaling on August 26, 2021, at 2:00 p.m. ET (11:00 a.m. PT). The event will be available via live webcast on the Synopsys corporate website, with a replay accessible post-event. Synopsys is a leader in electronic design automation and semiconductor IP, offering a wide range of application security tools and services for innovators in the tech industry.

Synopsys, Inc. (Nasdaq: SNPS) reported third-quarter fiscal 2021 revenue of $1,057.1 million, a significant increase from $964.1 million in the same period last year. Non-GAAP earnings reached $284.5 million or $1.81 per share, compared to $271.9 million or $1.74 per share in Q3 2020. GAAP net income fell to $198.6 million or $1.27 per share, down from $252.9 million or $1.62 per share the previous year. The company aims for over $5 billion in revenue by 2023, citing strong market performance and technological advancements.