With the Synopsys Mega-Merger on the Horizon, Does This Top Chip Design Company Stand a Chance?
The two leading semiconductor design software and verification platforms -- Synopsys (NASDAQ: SNPS) and Cadence Design Systems (NASDAQ: CDNS) -- have been off to the races the last few years, especially as investors have caught wind of how important these companies are to the development of AI and other advanced computing technology.
Synopsys and Cadence are up 100% and 115%, respectively, over the past three years alone. That run has culminated in Synopsys' recently announcement intension to acquire design and physics simulation software leader Ansys (NASDAQ: ANSS) in an industry mega-merger.
But there's another company that also plays in this chip and computing system design space: Keysight Technologies (NYSE: KEYS). Its performance has been downright pedestrian the last few years. Does it stand a chance as peers merge and get bigger?
Source Fool.com
Synopsys Inc. Stock
With 26 Buy predictions and not a single Sell prediction Synopsys Inc. is an absolute favorite of our community.
With a target price of 564 € there is a slightly positive potential of 13.06% for Synopsys Inc. compared to the current price of 498.85 €.
