Synopsys, Inc. (SNPS) has seen a flurry of activity recently, with various investment firms either buying, selling or changing their existing stakes in the company. RFG Advisory LLC, Marcum Wealth LLC, Rise Advisors LLC, NBC Securities Inc., Banque Cantonale Vaudoise, and B. Riley Wealth Advisors Inc. are among firms that have made changes to their positions. Synopsys’ shares have outperformed competitors despite certain losses, and it has exceeded Q1 earnings and revenue estimates. The company’s stock price has been forecasted at $616.18 by analysts, drawing substantial attention from investors. Synopsys made a significant move by selling its software integrity business for $2.1 billion. Further, SNPS’ PCIe 7.0 technology is set to resolve AI workload data bottlenecks and the company’s financials have been considered strong by the market. Lastly, Synopsys and NVIDIA are joining forces to improve multiple technologies, and the company’s shares were deemed a good investment by brokers despite a recent decrease in market cap.
Synopsys SNPS News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sun, 23 Jun 2024 12:29:55 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 2
