Synopsys- DesignWare DDR PHY IP platform selected by Nvidia » 09:0905/2805/28/20
Synopsys' (SNPS) silicon-proven DesignWare DDR5/4 PHY IP will be used by Mellanox, NVIDIA's (NVDA) networking business unit, to address evolving memory requirements in its InfiniBand networking chips targeting high-performance computing and artificial intelligence applications. Synopsys' DesignWare DDR5/4 PHY IP offers firmware-based training, to help customers reduce their risk of adopting new protocols.
|Over a week ago|
Synopsys initiated with a Buy at UBS » 06:1705/2705/27/20
UBS analyst Pradeep…
UBS analyst Pradeep Ramani initiated coverage of Synopsys (SNPS) with a Buy rating and $209 price target. The analyst cites the company's unique position of delivering "mission-critical" chip-design software to semis vertical with "strong secular underpinnings" in the high-growth areas of Cloud Computing, AI, and 5G. Ramani sees Synopsys as an "entrenched market leader" and well positioned to deliver given the breadth of its software platform and its IP portfolio, even as the stock trades at a 20% discount to peer Cadence Design (CDNS) on enterprise value to sales multiple basis.
Synopsys price target raised to $193 from $182 at Baird » 09:2305/2105/21/20
Baird analyst Joe Vruwink…
Baird analyst Joe Vruwink raised the firm's price target on Synopsys to $193 from $182 and keeps an Outperform rating on the shares. The analyst believes they are well positioned to deliver strong revenue growth and margin expansion, helping the stock to outperform. He remains a buyer and continues to like the upside case for the shares.
Synopsys price target raised to $180 from $160 at JPMorgan » 08:4205/2105/21/20
JPMorgan analyst Jackson…
JPMorgan analyst Jackson Ader raised the firm's price target on Synopsys to $180 from $160 and keeps an Overweight rating on the shares following the company's better than expected Q2 results. The margin expansion story remains intact and cash flow for the year was guided higher with collections remaining strong, Ader tells investors in a research note.
Synopsys price target raised to $185 from $180 at Wells Fargo » 08:2705/2105/21/20
Wells Fargo analyst Gary…
Wells Fargo analyst Gary Mobley raised the firm's price target on Synopsys to $185 from $180 and keeps an Overweight rating on the shares. The analyst cites a "notable beat" for Q2 and fiscal year 2020 revenue/EPS guidance that remains unchanged from beginning-year guidance, perhaps indicating some pull-forward of emulation tool sales.
Synopsys price target raised to $190 from $150 at Benchmark » 07:2005/2105/21/20
Benchmark analyst Ruben…
Benchmark analyst Ruben Roy raised the firm's price target on Synopsys to $190 from $150 and keeps a Buy rating on the shares after the company reported strong Q2 results, reaffirmed fiscal year revenue guidance and increased its full year non-GAAP EPS outlook. Synopsys said customer engagements and design activity remained robust despite the pandemic and Roy believes that design activity is likely to remain robust given medium-term demand from markets such as data center/cloud and 5G, the analyst tells investors.
Synopsys price target raised to $185 from $178 at RBC Capital » 06:3505/2105/21/20
RBC Capital analyst Mitch…
RBC Capital analyst Mitch Steves raised the firm's price target on Synopsys to $185 from $178 and keeps an Outperform rating on the shares. The company's "beat and raise" Q2 results and FY20 guidance is "rare" for the current macro environment but a "common theme" in Electronic Design Automation, the analyst tells investors in a research note. Steves adds that the management is still being conservative in its outlook and believes that the elevated design activity will result in more upside this year.
Synopsys sees FY20 adjusted EPS $5.21-$5.28, consensus $5.18 » 16:0705/2005/20/20
Sees FY20 revenue…
Sees FY20 revenue $3.6B-$3.65B, consensus $3.63B.
Synopsys sees Q3 adjusted EPS $1.33-$1.38, consensus $1.47 » 16:0605/2005/20/20
Sees Q3 revenue…
Sees Q3 revenue $875M-$905M, consensus $948.71M.
Synopsys reports Q2 adjusted EPS $1.22, consensus 98c » 16:0505/2005/20/20
Reports Q2 revenue…
Reports Q2 revenue $861.3M, consensus $837.28M.