The Latest Breaking News from Synopsys

A Wall Street firm downgraded several semiconductor stocks as the outlook for chip sales ebbs, but it upgraded two chip design firms.

Upgrades

US stock futures traded slightly higher this morning on Monday after recording sharp gains in the previous session. Investors, meanwhile, focused on some notable insider trades.

Synopsys (NASDAQ:SNPS) has outperformed the market over the past 5 years by 22.62% on an annualized basis producing an average annual return of 31.23%. Currently, Synopsys has a market capitalization of $44.42 billion.

Rising demand for electronic design automation (EDA) tools with rapid technological advancements has been driving the industry’s growth. Therefore, we think investing in fundamentally sound EDA stocks Synopsys, Inc. (SNPS) and Cadence Design Systems (CDNS) could be wise.  .

Dow Jones futures: Indexes held support Wednesday, but market rally leaders sold off. Tesla China sales rose in May, but still ramping up.

As Synopsys drives smart technology and AI and machine learning innovations, the stock designs a new buy point.

Synopsys (NASDAQ:SNPS) has outperformed the market over the past 10 years by 15.2% on an annualized basis producing an average annual return of 27.35%. Currently, Synopsys has a market capitalization of $50.46 billion.

Investors' concerns over the Federal Reserve's interest rate increases to combat inflationary pressures, and looming recession fears, have heightened market volatility. However, a few companies look sufficiently well positioned to withstand the current market turbulence and they recently raised their full-year outlooks. Therefore, we think it could be wise to…

With a new uptrend underway, oil stocks like TotalEnergies and tech stocks like Synopsys set the stage for new breakouts.

Synopsys shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 86.