As previously reported, JPMorgan downgraded ANSYS to Underweight from Neutral and lowered its price target to $90 from $92. Analyst Jackson Ader said the Q3 report had too many moving parts and the 2017 outlook was below the previous forecast. Jackson thinks it will take several quarters for the CEO transition, hiring of a new head of sales, infrastructure refresh, and refocusing on stronger verticals to normalize.

Ansys (ANSS) announced a collaboration with TSMC (TSM) on multiphysics software for TSMC's Compact Universal Photonic Engines. COUPE is a cutting-edge Silicon Photonics integration system and Co-Packaged Optics platform that mitigates coupling loss while significantly accelerating chip-to-chip and machine-to-machine communication. TSMC COUPE, along with Ansys multiphysics solutions that are integrated with Synopsys' 3DIC Compiler unified exploration-to-signoff platform, enables the next generation of silicon photonics and co-packaged optics designs for applications in AI, datacenter, cloud, and HPC communications. The work spans multiple areas, including fiber-to-chip coupling, integrated electronic-photonic chip design, power integrity verification, high-frequency electromagnetic analysis, and critical thermal management.