Short interest for Synopsys gives investors a sense of the degree to which investors are betting on the decline of Synopsys's stock. Short interest data is updated every two weeks.

Synopsys Stock (NASDAQ:SNPS), Short Interest Report

Synopsys

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.

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SNPS

Synopsys seals a $2.1 billion deal with Clearlake Capital Group, L.P. and Francisco Partners, elevating its focus on core chip design by divesting its Software Integrity Group business to a new standalone entity. Led by existing management, the move aims to revolutionize software development, enhancing innovation while mitigating business risks.

Chip Designer Synopsys Sells Its Software Integrity Business For ~$2.1B

Semiconductor.Shutterstock

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AVGO

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MRVL

iShares PHLX SOX Semiconductor Sector Index Fund

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Harlan Sur from JPMorgan is optimistic about semiconductors. Highlights top picks from the sector including AVGO, MRVL, ADI, MCHP, KLAC and SNPS.

Broadcom, Marvell, Analog Devices And More Semiconductor Stocks Poised For 6%-8% Revenue Growth: JPMorgan

Short Ideas

Insider Trades

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The Nasdaq 100 closed higher by over 200 points on Friday. Investors, meanwhile, focused on some notable insider trades.

Analog Devices, Synopsys And 2 Other Stocks Insiders Are Selling

Synopsys Inc

Whales with a lot of money to spend have taken a noticeably bullish stance on Synopsys.
Looking at options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $869,868 and 10, calls, for a total amount of $855,679.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $800.0 for Synopsys over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Synopsys's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Synopsys's significant trades, within a strike price range of $300.0 to $800.0, over the past month.
<h3>Synopsys Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715111140_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.2</td>
<td>$36.0</td>
<td>$35.99</td>
<td>$520.00</td>
<td>$282.5K</td>
<td>72</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$24.1</td>
<td>$23.4</td>
<td>$23.4</td>
<td>$570.00</td>
<td>$234.0K</td>
<td>259</td>
<td style="text-align: right;">133</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$32.7</td>
<td>$32.6</td>
<td>$32.6</td>
<td>$550.00</td>
<td>$163.0K</td>
<td>900</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$22.0</td>
<td>$20.6</td>
<td>$20.5</td>
<td>$700.00</td>
<td>$161.9K</td>
<td>1.6K</td>
<td style="text-align: right;">97</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$30.8</td>
<td>$29.2</td>
<td>$29.2</td>
<td>$550.00</td>
<td>$125.5K</td>
<td>900</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Following our analysis of the options activities associated with Synopsys, we pivot to a closer look at the company's own performance.
<h3>Synopsys's Current Market Status</h3>
<ul>
<li>Trading volume stands at 533,932, with SNPS's price up by 0.75%, positioned at $549.65.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 15 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Synopsys options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At Synopsys's Recent Unusual Options Activity

Chip designer&nbsp;Synopsys Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) has entered into a definitive agreement with Clearlake Capital Group, L.P.&nbsp;and&nbsp;Francisco Partners, two global private equity firms,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38641809/synopsys-enters-definitive-agreement-to-sell-its-software-integrity-business-to-clearlake-capital-" rel="noreferrer noopener">to sell its Software Integrity Group business.</a>
The transaction is valued at up to $2.1 billion, including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return.
After the completion of the transaction,&nbsp;Software&nbsp;Integrity Group business will emerge as a newly independent&nbsp;application security testing software&nbsp;provider,&nbsp;led by the existing management team.
The business will provide integrated software solutions that transform how development teams build and deliver software, boosting innovation while addressing business risk.
The name of the new standalone entity will&nbsp;be announced&nbsp;at a later date.
&#8220;For Synopsys, this move sharpens our focus on the unprecedented, high-growth opportunity we have in our core business – where the engineering of silicon and systems is converging as technology R&amp;D teams look to capitalize on this AI-driven era of pervasive intelligence,&#8221; said President and CEO Sassine Ghazi.
The transaction, unanimously approved by Synopsys&#8217; Board of Directors, is&nbsp;currently&nbsp;expected to close in the second half of 2024.
Synopsys held $1.27 billion in cash and equivalents&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37245375" rel="noreferrer noopener">as of January-end.</a>
In January, Synopsys agreed to acquire rival design software firm&nbsp;Ansys Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/01/36646413/why-is-ansys-stock-trading-lower-tuesday" rel="noreferrer noopener">for $35 billion.</a>
Price Action: SNPS shares are trading higher by 1.05% at $542.57 at the last check Monday.

Synopsys Enters Definitive Agreement To Sell Software Integrity Business To Clearlake Capital And Francisco Partners At Up To $2.1B

Clearlake, Francisco Partners Nearing A Deal To Buy Sig Unit From Synopsys For More Than $2B, Sources Say

Synopsys.ai Full Stack AI-Driven EDA Suite with CPU-specific Optimizations Delivers Unparalleled PPA with Highest Frequency and 10% Lower Power for Industry's Latest Mobile CPU with Generative AI Capabilities
Highlights:
<ul>
<li>Synopsys.ai EDA suite augmented with high-performance CPU PPA optimizations delivers highest performance, power, and area optimization for GAA nodes.</li>
<li>Collaboration across Synopsys.ai full-stack AI-driven EDA suite on Samsung Foundry's advanced GAA technologies enables ultimate peak performance with lower power.</li>
<li>Decades-long collaboration provides mutual customers with leading AI-driven EDA suite to realize exceptional quality-of-results and productivity gains on Samsung processes.</li>
</ul>
SUNNYVALE, Calif., May 2, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156596-1&amp;h=3875363579&amp;u=https%3A%2F%2Fwww.synopsys.com%2F&amp;a=Synopsys%2C+Inc.">Synopsys, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) today announced that Samsung Electronics has achieved successful production tapeout for its high-performance mobile SoC design, including flagship CPUs and GPUs, with 300MHz higher performance using <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156596-1&amp;h=4010566363&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda.html&amp;a=Synopsys.ai%E2%84%A2+full+stack+AI-driven+EDA+suite">Synopsys.ai&#x2122; full stack AI-driven EDA suite</a>&nbsp;and a broad portfolio of <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156596-1&amp;h=1080751079&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fdesignware-ip.html&amp;a=Synopsys+IP">Synopsys IP</a>&nbsp;on Samsung Foundry's latest Gate-All-Around (GAA) process technologies. This significant achievement underscores the close collaboration between Synopsys and Samsung to deliver exceptional performance, power and area (PPA) for mutual customers, enabling a new generation of chips with generative artificial intelligence (AI) capabilities on Samsung Foundry advanced process nodes.
"Our longstanding collaboration has delivered leading-edge SoC designs. This is a remarkable milestone to successfully achieve the highest performance, power and area on the most advanced mobile CPU cores and SoC designs in collaboration with Synopsys," said&nbsp;Jongpil Lee, vice president of SLSI at Samsung Electronics. "Not only have we demonstrated that AI-driven solutions can help us achieve PPA targets for even the most advanced GAA process technologies, but through our partnership we have established an ultra-high-productivity design system that is consistently delivering impressive results."
"The relentless demand for ever-better PPA and energy efficiency in high-performance mobile chips is driving the need for high-performance core-specific EDA optimization across the full stack," said Shankar Krishnamoorthy, General Manager of the EDA Group at Synopsys. "Our extensive set of PPA-boosting capabilities targeted for CPUs and GPUs across the Synopsys AI-driven EDA suite and IP portfolio enables our mutual customers to successfully design chips with the highest quality-of-results for the most advanced Samsung GAA processes."
To achieve the stringent performance and low-power requirements for Samsung's mobile SoC design, Samsung used Synopsys'&nbsp;award-winning&nbsp;Synopsys.ai EDA suite, utilizing <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156596-1&amp;h=3018717595&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fimplementation-and-signoff%2Fphysical-implementation%2Ffusion-compiler.html&amp;a=Synopsys%C2%A0Fusion+Compiler%E2%84%A2%C2%A0RTL-to-GDSII+solution">Synopsys&nbsp;Fusion Compiler&#x2122;&nbsp;RTL-to-GDSII solution</a>&nbsp;for superior PPA paired with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4156596-1&amp;h=705240045&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda%2Fdso-ai.html&amp;a=Synopsys+DSO.ai%E2%84%A2">Synopsys DSO.ai&#x2122;</a>&nbsp;to further optimize design targets and maximize quality of results. High-performance core-specific techniques such as design partitioning optimization, multi-source clock tree synthesis (MSCTS), advanced wire optimization to minimize crosstalk and virtual-flat hierarchical solution in the Synopsys Fusion Compiler solution enabled Samsung to achieve 300MHz higher performance than alternative approaches and achieve 10% lower dynamic power, all while saving Samsung weeks of manual design effort.

SSNLF

Synopsys And Samsung Electronics Collaborate To Achieve First Production Tapeout Of Flagship Mobile CPU With Leading Performance On Samsung Foundry's GAA Process

Financial giants have made a conspicuous bearish move on Synopsys. Our analysis of options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) revealed 14 unusual trades.
Delving into the details, we found 21% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $60,792, and 12 were calls, valued at $480,284.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $520.0 to $580.0 for Synopsys over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Synopsys's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Synopsys's whale activity within a strike price range from $520.0 to $580.0 in the last 30 days. 
<h3>Synopsys 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714595479_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$33.5</td>
<td>$28.9</td>
<td>$29.4</td>
<td>$580.00</td>
<td>$52.9K</td>
<td style="text-align: right;">53</td>
<td style="text-align: right;">116</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$17.1</td>
<td>$17.0</td>
<td>$17.0</td>
<td>$520.00</td>
<td>$49.3K</td>
<td style="text-align: right;">204</td>
<td style="text-align: right;">83</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$31.4</td>
<td>$29.7</td>
<td>$30.4</td>
<td>$580.00</td>
<td>$48.6K</td>
<td style="text-align: right;">53</td>
<td style="text-align: right;">86</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$31.4</td>
<td>$30.2</td>
<td>$30.5</td>
<td>$580.00</td>
<td>$42.7K</td>
<td style="text-align: right;">53</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$84.7</td>
<td>$80.0</td>
<td>$80.0</td>
<td>$550.00</td>
<td>$40.0K</td>
<td style="text-align: right;">24</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Following our analysis of the options activities associated with Synopsys, we pivot to a closer look at the company's own performance.
<h3>Synopsys's Current Market Status</h3>
<ul>
<li>With a volume of 724,714, the price of SNPS is down -1.62% at $522.0. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>What Analysts Are Saying About Synopsys</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $665.0.
<ul>
<li>In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $665. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Synopsys, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Synopsys's Options Market Dynamics

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$900.00</td>
<td>$39.7K</td>
<td>21.0K</td>
<td>36.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$170.00</td>
<td>$33.0K</td>
<td>17.7K</td>
<td>26.0K</td>
</tr>
<tr>
<td>KD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$18.00</td>
<td>$55.3K</td>
<td>2.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$135.00</td>
<td>$47.5K</td>
<td>124</td>
<td>940</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$470.00</td>
<td>$109.6K</td>
<td>508</td>
<td>866</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$850.00</td>
<td>$26.2K</td>
<td>799</td>
<td>640</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.00</td>
<td>$60.8K</td>
<td>9.2K</td>
<td>623</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$153.0K</td>
<td>6.8K</td>
<td>502</td>
</tr>
<tr>
<td>NTNX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$60.00</td>
<td>$64.6K</td>
<td>252</td>
<td>421</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$1000.00</td>
<td>$167.2K</td>
<td>67</td>
<td>413</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be neutral, expiring in 3 day(s) on May 3, 2024. This event was a transfer of 50 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $39.7K, with a price of $795.0 per contract. There were 21052 open contracts at this strike prior to today, and today 36535 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on May 3, 2024. This event was a transfer of 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $330.0 per contract. There were 17703 open contracts at this strike prior to today, and today 26011 contract(s) were bought and sold. 
• For KD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>), we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on May 17, 2024. This event was a transfer of 1229 contract(s) at a $18.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $45.0 per contract. There were 2649 open contracts at this strike prior to today, and today 2004 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option sweep with bullish sentiment. It expires in 52 day(s) on June 21, 2024. Parties traded 29 contract(s) at a $135.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $1640.0 per contract. There were 124 open contracts at this strike prior to today, and today 940 contract(s) were bought and sold. 
• For SNPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), we notice a put option sweep that happens to be bullish, expiring in 52 day(s) on June 21, 2024. This event was a transfer of 166 contract(s) at a $470.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $109.6K, with a price of $660.0 per contract. There were 508 open contracts at this strike prior to today, and today 866 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on May 3, 2024. This event was a transfer of 5 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $5255.0 per contract. There were 799 open contracts at this strike prior to today, and today 640 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bullish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $12.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $60.8K, with a price of $303.0 per contract. There were 9253 open contracts at this strike prior to today, and today 623 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 262 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $153.0K, with a price of $765.0 per contract. There were 6862 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• Regarding NTNX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), we observe a put option sweep with bearish sentiment. It expires in 17 day(s) on May 17, 2024. Parties traded 417 contract(s) at a $60.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $64.6K, with a price of $155.0 per contract. There were 252 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bearish sentiment. It expires in 10 day(s) on May 10, 2024. Parties traded 38 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $167.2K, with a price of $4400.0 per contract. There were 67 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DELL

INTC

MSTR

NTNX

NVDA

RIOT

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) has outperformed the market over the past 10 years by 20.35% on an annualized basis producing an average annual return of 30.91%. Currently, Synopsys has a market capitalization of $83.10 billion. 
Buying $1000 In SNPS: If an investor had bought $1000 of SNPS stock 10 years ago, it would be worth $14,546.33 today based on a price of $544.76 for SNPS at the time of writing.
<h3>Synopsys's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714426233_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $15,000 Today

WIIM

Synopsys shares are trading higher amid strength in tech stocks following strong earnings in the sector. The company on Wednesday announced a collaboration with TSMC.

Financial giants have made a conspicuous bullish move on Synopsys. Our analysis of options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $171,280, and 7 were calls, valued at $377,928.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $410.0 and $900.0 for Synopsys, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Synopsys stands at 214.0, with a total volume reaching 205.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Synopsys, situated within the strike price corridor from $410.0 to $900.0, throughout the last 30 days.
<h3>Synopsys Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714143662_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$13.5</td>
<td>$13.1</td>
<td>$13.5</td>
<td>$550.00</td>
<td>$168.7K</td>
<td style="text-align: right;">507</td>
<td style="text-align: right;">19</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$368.3</td>
<td>$359.2</td>
<td>$359.2</td>
<td>$900.00</td>
<td>$143.6K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$165.7</td>
<td>$161.0</td>
<td>$161.0</td>
<td>$410.00</td>
<td>$48.3K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$30.5</td>
<td>$29.7</td>
<td>$30.1</td>
<td>$550.00</td>
<td>$45.1K</td>
<td style="text-align: right;">808</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$31.6</td>
<td>$31.6</td>
<td>$31.6</td>
<td>$540.00</td>
<td>$31.6K</td>
<td style="text-align: right;">75</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Having examined the options trading patterns of Synopsys, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Synopsys</h3>
<ul>
<li>Currently trading with a volume of 224,328, the SNPS's price is up by 2.84%, now at $545.17. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 26 days.</li>
</ul>
<h3>Expert Opinions on Synopsys</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $665.0.
<ul>
<li>Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $665.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Synopsys, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Collaboration on AI-Driven Design Flows for Optimization and Productivity, Advancements in Photonic IC Integration, Plus Broad IP Development on TSMC 2nm Technology
Highlights:
<ul>
<li>Production-ready digital and analog design flows, powered by&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4149616-1&amp;h=21177935&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda.html&amp;a=Synopsys.ai%E2%84%A2+EDA+suite">Synopsys.ai&#x2122; EDA suite</a>, on TSMC N3/N3P and N2 drive successful results and accelerate analog design migration</li>
<li>Certified&nbsp;Synopsys physical verification solution on TSMC N3P and N2 nodes accelerates full-chip physical signoff</li>
<li>Collaboration on silicon&nbsp;photonics leveraging Synopsys 3DIC Compiler and Photonics IC solution and TSMC's COUPE technology to further enhance system performance for AI and multi-die designs</li>
<li>Broad portfolio of&nbsp;Synopsys Foundation and Interface IP, in development for TSMC N2/N2P,&nbsp;and silicon-proven IP on N3P, shorten design time and reduce integration risk</li>
</ul>
SUNNYVALE, Calif., April 24, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4149616-1&amp;h=2991861717&amp;u=https%3A%2F%2Fwww.synopsys.com%2F&amp;a=Synopsys%2C+Inc.">Synopsys, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) today announced broad EDA and IP collaborations with TSMC for advanced node designs and have been deployed across a range of AI, high-performance computing, and mobile designs. Among the newest collaborations&nbsp;is a co-optimized Photonic IC flow, addressing the application of silicon photonics technology in the quest for better power, performance, and transistor density. Synopsys also noted the industry's confidence in its digital and analog design flows, production-ready for TSMC N3/N3P and N2 process technologies. The two companies are collaborating on next-generation AI-driven flows, including <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4149616-1&amp;h=2124443331&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda%2Fdso-ai.html&amp;a=Synopsys+DSO.ai%E2%84%A2">Synopsys DSO.ai&#x2122;</a>, for design productivity and optimization. In addition, Synopsys is developing a broad portfolio of <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4149616-1&amp;h=2086751234&amp;u=https%3A%2F%2Fwww.synopsys.com%2Fdesignware-ip.html&amp;a=Foundation+and+Interface+IP">Foundation and Interface IP</a> on TSMC N2/N2P. In a related <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4149616-1&amp;h=3595768154&amp;u=https%3A%2F%2Fwww.keysight.com%2Fzz%2Fen%2Fabout%2Fnewsroom%2Fnews-releases%2F2024%2F0424-pr24-069-keysight--synopsys--and-ansys-deliver-radio-freque.html&amp;a=announcement">announcement</a> today, Keysight, Synopsys, and Ansys introduced a new integrated radio frequency (RF) design migration flow from TSMC's N16 process to its N6RF+ technology.
"The advancements in Synopsys' production-ready EDA flows and photonics integration with our 3DIC Compiler, which supports the 3Dblox standard, combined with a broad IP portfolio enable Synopsys and TSMC to help designers achieve the next level of innovation for their chip designs on TSMC's advanced processes," said Sanjay Bali, vice president of strategy and product management for the EDA Group at Synopsys. "The deep trust we've built over decades of collaboration with TSMC has provided the industry with mission-critical EDA and IP solutions that deliver compelling quality-of-results and productivity gains with faster migration from node to node."
"Our close collaboration with Open Innovation Platform (OIP)&#xAE; ecosystem partners like Synopsys has enabled customers to address the most challenging design requirements, all at the leading edge of innovation from angstrom-scale devices to complex multi-die systems across a range of high-performance computing designs," said Dan Kochpatcharin, head of Design Infrastructure Management Division at TSMC. "Together, TSMC and Synopsys will help engineering teams create the next generation of differentiated designs on TSMC's most advanced process nodes with faster time to results."

Synopsys Accelerates Next-Level Chip Innovation On TSMC Advanced Processes

<ul>
<li>New flow provides an efficient, integrated radio frequency circuit re-design solution based on Synopsys Custom Design Family, Keysight Electromagnetic Simulation, and Ansys Device Synthesis</li>
<li>Integrated flow accelerates migration of existing N16 process passive radio frequency devices to the advanced N6RF+ technology node for better power, performance, and area results</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.keysight.com&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Keysight+Technologies%2C+Inc.&amp;index=1&amp;md5=e63979912b2eca1eab5854c3a6101c72">Keysight Technologies, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>), <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3568578-1%26h%3D1156625905%26u%3Dhttps%253A%252F%252Fwww.synopsys.com%252F%26a%3DSynopsys%252C%2BInc.%25C2%25A0&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys%2C+Inc.&amp;index=2&amp;md5=421912bc930baba09e6cf708184bb89f">Synopsys, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ansys.com%2F&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Ansys&amp;index=3&amp;md5=c6817765349cab4789fceb888dd27c56">Ansys</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) introduce a new integrated radio frequency (RF) design migration flow from TSMC's N16 process to its N6RF+ technology to address the power, performance, and area (PPA) requirements of today's most demanding wireless integrated circuit applications. The new migration workflow integrates millimeter wave (mmWave) and RF solutions from Keysight, Synopsys, and Ansys into an efficient design flow that streamlines re-design of passive devices and design components to TSMC's more advanced RF process.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240424725417/en/">https://www.businesswire.com/news/home/20240424725417/en/</a>
&nbsp;
This RF design migration initiative extends TSMC's Analog Design Migration (ADM) methodology with additional capabilities for RF circuit designers. Beyond the productivity gains offered by ADM, the Keysight, Synopsys, and Ansys migration workflow demonstrates significant power reduction for a 2.4GHz low noise amplifier (LNA) design re-targeted to the N6RF+ process.
Key components of the design migration flow include:
<ul>
<li>The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3329201-1%26h%3D42108741%26u%3Dhttps%253A%252F%252Fwww.synopsys.com%252Fimplementation-and-signoff%252Fcustom-design-platform.html%26a%3DSynopsys%2BCustom%2BDesign%2BPlatform&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+Custom+Design+Family&amp;index=4&amp;md5=56a57555793a4fb21b7192033a5f83bd">Synopsys Custom Design Family</a>, featuring <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.synopsys.com%2Fimplementation-and-signoff%2Fcustom-design-platform%2Fcustom-compiler.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+Custom+Compiler%26%238482%3B&amp;index=5&amp;md5=ee406dbfced0e7ab303520bc0ba23fe5">Synopsys Custom Compiler&#x2122;</a> layout environment with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.synopsys.com%2Fai%2Fai-powered-eda%2Faso-ai.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Synopsys+ASO.ai%26%238482%3B&amp;index=6&amp;md5=8336dcaf5da04bde862314579b6616d9">Synopsys ASO.ai&#x2122;</a> for rapid analog and RF design migration and Synopsys PrimeSim&#x2122; circuit simulator</li>
<li><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.keysight.com%2Fus%2Fen%2Fproduct%2FW3030E%2Fpathwave-rfpro.html&amp;esheet=53951794&amp;newsitemid=20240424725417&amp;lan=en-US&amp;anchor=Keysight+RFPro&amp;index=7&amp;md5=766353132af88c4df29cdb033744cf1d">Keysight RFPro</a> for device parameterization, automated value fitting, and electromagnetic (EM) simulation</li>
<li>Ansys RaptorH&#x2122; for on-silicon electromigration analysis and VeloceRF&#x2122; for passive component synthesis</li>
</ul>
RF circuit designers can adopt the migration flow to rapidly re-design their devices to the N6RF+ process specifications and accelerate time-to-market. Keysight RFPro enables parameterization of passive devices including inductors and automatically re-creates highly accurate simulation models with layout tuned to the new process. Designers view the re-created device layout in Synopsys Custom Compiler along with synthesized inductors from Ansys VeloceRF, and then perform interactive EM analysis in complex wireless chips.
Sanjay Bali, Vice President Strategy and Product Management EDA Group, Synopsys, said: "The need to rapidly migrate designs from node to node is essential to address the industry's relentless drive towards enhanced quality-of-results on TSMC's leading process technologies. The new flow, leveraging Synopsys' Custom Compiler, ASO.ai and PrimeSim solutions, offers an integrated RF and analog design migration solution that enables efficient migration of designs from TSMC N16 technology platform to N6RF+. Combining the strengths of trusted and industry-leading RF and mmWave solutions from Keysight, Synopsys and Ansys provides mutual customers with an interoperable design flow to unlock massive productivity gains."
Niels Faché, Vice President and General Manager, Keysight EDA, said: "Meeting PPA requirements while adhering to new process design rules is one of the biggest challenges facing complex RF chip designs. RF circuit designers want to leverage and reuse their libraries of N16 device and component intellectual property to improve ROI. This new flow facilitates fast re-design in the latest TSMC N6RF+ technology for existing components originally built in N16. Keysight RFPro enables circuit designers to easily perform the device parameterization, new simulation model generation, and interactive EM analysis inside the Synopsys Custom Compiler layout environment. No time-consuming data handoffs or domain specialization are required, which increases overall engineering productivity for RF circuit designers."
John Lee, Vice President and General Manager of the Semiconductor, Electronics, and Optics Business Unit at Ansys, said: "Electromagnetic simulation and modeling play a central role in developing predictively accurate solutions for RF, high-speed analog, HPC data transmission, 3DIC interconnect, and co-packaged optics. We take pride in our partnership with Keysight, Synopsys and TSMC, because it enables Ansys to nimbly address some of the most challenging problems in this rapidly evolving and dynamic market. By fostering open platforms that integrate best-of-breed solutions, our joint customers will derive greater value and achieve enhanced product outcomes."
Dan Kochpatcharin, Head of the Design Infrastructure Management Division at TSMC, said: "We're delighted about our recent collaboration with Ansys, Keysight and Synopsys, which offers our mutual customers an efficient pathway to migrate their designs to our more advanced processes, ensuring that they meet the stringent PPA requirements. We're committed to continuing our collaboration with our Open Innovation Platform&#xAE; (OIP) ecosystem partners to enable customers' next-generation designs with solutions benefiting from the significant power and performance boost of our leading-edge technologies."

KEYS

Keysight, Synopsys, And Ansys Deliver Radio Frequency Design Migration Flow To TSMC's N6RF+ Process Node

Synopsys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NYSE">SNPS</a>) short percent of float has risen 8.13% since its last report. The company recently reported that it has 3.44 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Synopsys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713903324_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Synopsys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Synopsys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Synopsys's peer group average for short interest as a percentage of float is 4.42%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Synopsys?

Synopsys shares are trading higher, rebounding following Tuesday weakness.

Synopsys shares are trading lower in sympathy with Cadence Design Systems, which reported Q1 financial results.

Whales with a lot of money to spend have taken a noticeably bearish stance on Synopsys.
Looking at options history for Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $517,929 and 8, calls, for a total amount of $487,507.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $450.0 to $600.0 for Synopsys over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Synopsys's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Synopsys's whale trades within a strike price range from $450.0 to $600.0 in the last 30 days. 
<h3>Synopsys Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713557791_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$21.2</td>
<td>$19.6</td>
<td>$21.2</td>
<td>$540.00</td>
<td>$154.7K</td>
<td style="text-align: right;">985</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$14.7</td>
<td>$14.6</td>
<td>$14.7</td>
<td>$520.00</td>
<td>$132.3K</td>
<td style="text-align: right;">62</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$17.4</td>
<td>$16.9</td>
<td>$16.99</td>
<td>$550.00</td>
<td>$94.8K</td>
<td style="text-align: right;">708</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$64.9</td>
<td>$59.7</td>
<td>$62.6</td>
<td>$580.00</td>
<td>$87.6K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$47.0</td>
<td>$45.8</td>
<td>$47.0</td>
<td>$560.00</td>
<td>$65.8K</td>
<td style="text-align: right;">122</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
<h3>Where Is Synopsys Standing Right Now?</h3>
<ul>
<li>With a volume of 1,177,769, the price of SNPS is down -1.73% at $510.71. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>Expert Opinions on Synopsys</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $646.6666666666666.
<ul>
<li>An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $660. </li>
<li>An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $665. </li>
<li>Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $615.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Synopsys options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With SNPS

Investors with a lot of money to spend have taken a bearish stance on Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SNPS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for Synopsys.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $516,254, and 2 are calls, for a total amount of $138,821.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $540.0 and $720.0 for Synopsys, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Synopsys's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Synopsys's whale activity within a strike price range from $540.0 to $720.0 in the last 30 days. 
<h3>Synopsys Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713374182_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$78.9</td>
<td>$74.0</td>
<td>$77.3</td>
<td>$580.00</td>
<td>$108.2K</td>
<td>20</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$186.4</td>
<td>$181.2</td>
<td>$184.53</td>
<td>$720.00</td>
<td>$92.2K</td>
<td>0</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$26.1</td>
<td>$25.2</td>
<td>$25.99</td>
<td>$550.00</td>
<td>$64.0K</td>
<td>1.0K</td>
<td style="text-align: right;">183</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$13.7</td>
<td>$12.7</td>
<td>$13.29</td>
<td>$550.00</td>
<td>$56.0K</td>
<td>942</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$21.1</td>
<td>$19.8</td>
<td>$21.1</td>
<td>$540.00</td>
<td>$51.8K</td>
<td>975</td>
<td style="text-align: right;">274</td>
</tr>
</tbody>
</table>

<h3>About Synopsys</h3>
Synopsys is a provider of electronic design automation software, intellectual property, and software integrity products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys.
Having examined the options trading patterns of Synopsys, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Synopsys</h3>
<ul>
<li>Trading volume stands at 449,237, with SNPS's price down by -1.25%, positioned at $534.32.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 28 days.</li>
</ul>
<h3>Professional Analyst Ratings for Synopsys</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $646.6666666666666.
<ul>
<li>In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $665. </li>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $660. </li>
<li>An analyst from Rosenblatt has revised its rating downward to Buy, adjusting the price target to $615. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Synopsys, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

JPMorgan analyst Harlan Sur shares an optimistic outlook for the semiconductor industry in anticipation of the <a href="https://www.benzinga.com/calendars/earnings">Q1 earnings season</a>. 
The sector, including semiconductors, semiconductor capital equipment (semicap), and chip design software (EDA/IP), has continued to outperform broader indices YTD. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) is up 12.12%, as compared to the benchmark S&amp;P 500 Index which is up 7.41% YTD.
The outperformance has been fueled by expectations of cyclical bottoming and positive earnings revisions.
<h2 class="wp-block-heading">Key Trends Driving Semiconductor Growth</h2>
&#8220;From an industry perspective, we expect semi industry revenue to improve 6-8% Y/Y in 2024 &#8230;following an 8-10% decline in CY23,&#8221; said Sur. Key trends that he sees driving this performance include:
<ul>
<li>Accelerated Compute and AI Demand: Sur highlights the ongoing trend of accelerated compute and AI demand. Industry bookings and an improving supply-demand balance support stand as catalysts here and are expected to persist into 2024/2025.</li>
<li>Auto and Industrial Recovery: Sur also pointed to signs of recovery in the auto and industrial segments, with this quarter likely marking the bottom of the cycle. He anticipates positive order trends and a more synchronized recovery across different end markets.</li>
<li>Memory Industry Upswing: Sur notes the memory industry&#8217;s positive momentum, driven by strong pricing and demand trends. Memory content gains from AI and accelerated compute deployments, along with supply disruptions, are expected to drive higher pricing.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/news/24/04/38266586/taiwan-semis-ai-boom-and-us-expansion-set-to-drive-q1-earnings-growth">Taiwan Semi&#8217;s AI Boom and US Expansion Set to Drive Q1 Earnings Growth</a>
<h2 class="wp-block-heading">Top Picks From The Semiconductor Space Ahead Of Q1 Earnings</h2>
<ul>
<li>Semiconductors: Sur highlights Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) and Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) as top picks in the semiconductor space.</li>
<li>Semiconductor Capital Equipment (Semicap): KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) stands out as the top pick in semicap space. Sur sees near-term fundamentals beginning to improve for KLA and set to grow in the second half of the year.</li>
<li>Chip Design Software (EDA/IP): Sur recognized Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) as a top pick in chip design software. The company should be driven by strengthening demand and strong growth prospects due to increasing chip design complexity and AI infrastructure build-out.</li>
</ul>
With accelerating demand trends, recovering auto and industrial segments, and a resurgence in the memory industry, the semiconductor sector presents compelling investment opportunities for those looking to capitalize on the ongoing tech-driven transformation.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38140898/ahead-of-chip-earnings-analyst-turns-more-bullish-on-nvidia-and-these-semiconductor">Ahead Of Chip Earnings, Analyst Turns More Bullish On Nvidia And These Semiconductor Stocks On Robust AI Demand</a>
Photo: Shutterstock

Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) has outperformed the market over the past 5 years by 24.53% on an annualized basis producing an average annual return of 36.81%. Currently, Synopsys has a market capitalization of $85.44 billion. 
Buying $1000 In SNPS: If an investor had bought $1000 of SNPS stock 5 years ago, it would be worth $4,758.36 today based on a price of $560.12 for SNPS at the time of writing.
<h3>Synopsys's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712858423_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Synopsys Stock In The Last 5 Years

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Sometimes a <a href="https://www.forbes.com/sites/theyec/2021/01/11/eight-key-strategies-to-get-investors-interested-in-your-business/?sh=4a980d6f4766">company&rsquo;s debut or the release of a new product</a> can stir analysts into a frenzy. Other times, careful consideration of long-term trends and performance can drive improved public opinion of a company&rsquo;s prospects. In such cases, the resulting market conditions offer stocks with analyst recommendations that simply cannot be ignored.



That&rsquo;s because the process of determining which stocks to buy can often be subject to emotions and hype. This pitfall is possible for both institutional analysts and retail investors I like. One way to hedge against these potential hype trains is to understand the underlying purpose as to why analysts may reach a consensus on a specific security.



By performing individual analyses based on mathematical factors such as price-to-earnings ratios or market growth extrapolations, investors filter out emotion. Ultimately, it comes down to two factors: how much risk you can stomach, and making sure you only invest in what you understand.



<h2>IQVIA Holdings (IQV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/biotechnologyepzm1600-300x169.png" alt="OLK Stock. Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Talk. Advanced Scientific Lab for Medicine, Biotechnology. Blue Color. KZR stock. RSLS stock. Best Biotech Stocks to Buy"><div>Source: Gorodenkoff / Shutterstock.com</div></div>Aiming to solve <a href="https://www.researchgate.net/publication/341426854_Regulatory_Challenges_in_Clinical_Trials_Strategies_to_Overcome_Commonly_Observed_Deficiencies">one of the biggest hurdles in the biotech center</a>, IQVIA Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/iqv-stock-quote/">IQV</a>) presents a new way to profit from the biotech industry. Specifically, the company focuses on creating frameworks both from a population and analytical perspective for companies to undergo regulatory trials. This allows biotech companies to outsource their testing process and procedures to IQVIA and significantly reduce the costs of performing regulatory trials



Moreover, the company can leverage its experience in analytics to apply it to various projects that may have structural overlap. One such example is the company&rsquo;s <a href="https://ir.iqvia.com/overview/default.aspx">4,600 data scientists and 1,300 medical doctors</a> who work together to consistently perfect the process of medication testing.



IQVIA&rsquo;s future looks even brighter when, because of all of these methodologies and records, the company accrues from providing testing services, enabling it to become even more efficient on future projects. This has allowed the company to develop over 30 different predictive disease detection solutions while growing the company&rsquo;s financial strength in parallel.



<h2>Synopsys (SNPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/snps1600-300x169.png" alt="Person holding mobile phone with logo of American technology company Synopsys Inc. (SNPS) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Analysts have been buzzing about Synopsys (NASDAQ:<a href="https://investorplace.com/stock-quotes/snps-stock-quote/">SNPS</a>) in recent months, partly due to the company&rsquo;s low-cost business model proving incredibly lucrative. As a designer of silicone boards for microchips, the company has been able to capitalize on <a href="https://www.synopsys.com/implementation-and-signoff.html">licensing its designs and its supporting software</a>. This makes the true value of Synopsys its intellectual properties rather than any one specific product.



Synopsys has been among the most talked about stocks with analyst recommendations supporting its earning potential since its Q1 earnings report for 2024. The company was able to increase revenue by <a href="https://investor.synopsys.com/financials/quarterly-results/default.aspx">21.15% year-over-year to $1.65 billion </a>while also raising its net income by 65.40% to $449 million. Since then, major publications like Kiplinger and Morningstar have been bullish about the stock&rsquo;s potential future value.



From my perspective, SNPS could be incredibly lucrative should the advances in AI keep rolling out, as many of its major revenue drivers rely on the technology&rsquo;s adoption.&nbsp;



<h2>Amazon (AMZN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/amzn_amazon_2_1600-300x169.png" alt="Closeup of the Amazon logo at Amazon campus in Palo Alto, California. The Palo Alto location hosts A9 Search, Amazon Web Services, and Amazon Game Studios teams. AMZN stock"><div>Source: Tada Images / Shutterstock.com</div></div>You don&rsquo;t have to be an analyst to understand why Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) has been so exceptionally popular lately. From its continuous growth and vertical processes to its commitment to constantly expanding into new industries, the company has maintained a steadily rising share price for years.



Yet, the bullish opinions are more related to Amazon&rsquo;s future position as a cloud computing giant as the world becomes ever more connected. I have also recommended Amazon several times in the past and continue to see the company as a stable investment. In my eyes, the company has exceptional diversification on its technological side, with the <a href="https://www.cnbc.com/2024/04/30/aws-q1-earnings-report-2024.html">Amazon Web Services division reporting consistent growth</a> year-over-year.



These kinds of decisions are indicative of a company that will continue to perform well into the future since it touches so many different business sectors and individuals. As such, it&rsquo;s easy to understand why Amazon is one of the best stocks with analyst recommendations so unanimously positive.



On the date of publication, Viktor Zarev&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/analysts-are-pounding-the-table-on-these-3-stocks-april-2024/">Analysts Are Pounding the Table on These 3 Stocks: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Analysts Are Pounding the Table on These 3 Stocks: April 2024

Top ideas in vertical software with valuations over or below 50th percentile - Baird

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The rise of artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) has been a whirlwind of innovation and growth across numerous industries. That makes the case for the best data center stocks to buy. 



Demand for advanced data center infrastructure has skyrocketed in the last few years. The companies at the forefront of this technological wave are poised to capitalize on the exponential growth in data processing and storage. As AI models become more complex and demand increases exponentially, data centers form the bedrock for power computation and storage needs. 



Investors keen on profiting from the AI craze should be eyeing top data center stocks to add to their portfolios. 



Now, here are the best data center stocks to buy in 2024!



<h2>Dell Technologies (DELL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/dell1600-300x169.jpg" alt="Dell (DELL) Technologies Display and Logo"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Dell Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>) is a force to be reckoned with in the data center space. Its comprehensive portfolio of servers, storage solutions and networking products provide the foundation for enterprises to build AI-powered infrastructure. 



Dell&rsquo;s PowerEdge servers provide robust performance and scalability, making them ideal for handling the most demanding AI workloads. Additionally, the company&rsquo;s networking solutions ensure seamless data flow with the data center, a critical factor in ensuring AI applications run smoothly and efficiently. Dell&rsquo;s strategic focus on edge computing is also a strong competitive advantage. Wall Street is particularly bullish after the company posted strong results for <a href="https://investors.delltechnologies.com/static-files/12b9be7b-2d4c-4d63-b7d3-8bb467724952">FY23.</a> Although top-line growth fell 14% year-over-year (YOY), net earnings grew 32% YOY to $3.2 billion. These recent developments align perfectly with AI, making Dell stock one of the best data center stocks to buy now.



<h2>Arista Networks (ANET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/arista_anet1600-300x169.jpg" alt="Image of Arista Networks (ANET) logo on the side of a building"><div>Source: Sundry Photography / Shutterstock.com</div></div>Arista Networks (NYSE:<a href="https://investorplace.com/stock-quotes/anet-stock-quote/">ANET</a>) is a powerhouse in high-performance networking solutions. The company specializes in data center switches and routers, delivering lightning-fast speeds, low latency and unmatched scalability. 



Arista Networks&rsquo; technology and infrastructure are critical to developing and deploying advanced AI applications. The combination of its CloudVision platform and EOS cloud operating system is essential for supporting AI workloads that often involve transferring and processing enormous data sets. AI hyperscalers like Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) and Google (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) rely heavily on Arista&rsquo;s networks for their internal infrastructure. In the 2023 fiscal year, Arista saw record revenue, earnings and FCF from operations. Demand for Arista&rsquo;s products has remained strong, and its operating margins have expanded significantly over the last decade. With AI workloads becoming increasingly more complicated in presenting the case for network conjunction, ANET stock is well-positioned to address these bottlenecks.



<h2>Synopsys (SNPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/snps1600-300x169.png" alt="Person holding mobile phone with logo of American technology company Synopsys Inc. (SNPS) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Synopsys (NASDAQ:<a href="https://investorplace.com/stock-quotes/snps-stock-quote/">SNPS</a>) might not be a household name like the others, but it plays a pivotal role in the data center world. The company provides software tools used in the design of chips found in data center servers, networking equipment and other essential hardware. 



The rise of AI has created a strong tailwind for Synopsys. More sophisticated AI chips are crucial to meet the growing demands of AI workloads. Synopsys&rsquo; tools hold a key to innovation in performance and power efficiency. By working directly with chip designers, Synopsys can help unlock the full potential for enhanced computing power. In the <a href="https://investor.synopsys.com/news/news-details/2023/Synopsys-Posts-Financial-Results-for-Fourth-Quarter-and-Fiscal-Year-2023/default.aspx">2023 fiscal year,</a> Synopsys saw record revenue of $5.84 billion, up 15% YOY. EPS increased 26% YOY to $7.92 per share while delivering strong cash flow from operations. Growth also doesn&rsquo;t seem to be slowing down anytime soon, with revenue up 25% in Q1 FY24 and EPS coming in at the high end of guidance. As leading semiconductors continue to rely on their robust semiconductor IP portfolio, Synopsys is one of the top data center stocks to buy in 2024.



On the date of publication, Terel Miles did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/the-3-best-data-center-stocks-to-capitalize-on-the-ai-craze/">The 3 Best Data Center Stocks to Capitalize on the AI Craze</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Data Center Stocks to Capitalize on the AI Craze

AAPL

ADBE

ADSK

AMAT

AMZN

ANET

CDNS

CERT

COST

CPRT

CTAS

DECK

DRKTF

EPAM

EXAI

FAST

FICO

GOOG

GOOGL

GRMN

GWRE

IDXX

INST

INTU

ISRG

LRCX

LULU

MANH

MBLY

MNST

MPWR

MSFT

NCNO

NFLX

ODFL

PANW

PWSC

QCOM

QTWO

REGN

RXRX

STLD

TSLA

TTWO

VEEV

VRTX

WTAI

Press Releases

Synopsys Announces New AI-Driven EDA, IP and Systems Design Solutions At SNUG Silicon Valley

SiMa.ai Secures Funds and Readies New Generative Edge AI Platform

Synopsys Launches New Offering for Comprehensive Software Supply Chain Security

Synopsys Announces Earnings Release Date For Second Quarter Fiscal Year 2024

Keysight, Synopsys, and Ansys Deliver Radio Frequency Design Migration Flow to TSMC's N6RF+ Process Node

Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes

ANSYS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ANSYS, Inc. - ANSS

Synopsys Adds AI-Powered Application Security Assistant to Polaris Software Integrity Platform

Synopsys and Samsung Electronics Collaborate to Achieve First Production Tapeout of Flagship Mobile CPU with Leading Performance on Samsung Foundry's GAA Process

Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners

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Synopsys Stock (NASDAQ:SNPS), Short Interest Report

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