Mike Khouw gives the trade on Synopsys, a maker of software for chip companies.
We'll review the earnings set-up on an under-the-radar technology company that's been a top performer. Synopsys is a leading American electronic design automation company. Founded in 1986 and headquartered in Mountain View, California, Synopsys provides software, intellectual property , and services for designing and verifying integrated circuits , also known as chips, and testing and improving software performance and security.
mountain Synopsys, SNPS - 5 years It should come as no surprise that the correlation between Synopsys and the semiconductor index is quite strong, an r-square of ~ 0.62 over the last three years, to put a number on it. Unsurprisingly, the street is quite positive on Synopsys. Of the fifteen analysts whose recommendations I can see, eleven have buy recommendations, four holds, and no sells. Since fiscal 2019 ended 10/31/19, revenues have grown 87% and earnings by about 144%.
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