Synopsys — Trading Ideas on TradingView

Synopsys Posts Financial Results for Q2 Fiscal Year 2024 Synopsys ( NASDAQ:SNPS ) has raised its annual revenue and profit forecast due to the robust demand for its software to design advanced chips driving artificial intelligence applications. The AI boom has boosted investments in custom design of chips as tech firms race to dominate the lucrative technology with new innovations, triggering demand for companies such as Synopsys. Chief Executive Sassine Ghazi said demand for the company's core products remained strong, with revenue from them expected to grow 15% this year as customers design their own chips for AI and other purposes. Semiconductor firms continue to invest in research and design and turn to the company's AI-powered electronic design automation suite, Synopsys.ai, in a bid to ace and improve complex chip designs. Synopsys ( NASDAQ:SNPS ) now expects annual adjusted earnings per share between $12.90 and $12.98 from its earlier forecast of $12.86 and $12.94. The company updated its annual expectations on its investor day in March, excluding its software integrity (SIG) unit. Earlier this month, the company said it would sell the SIG unit to a private-equity group led by Clearlake Capital and Francisco Partners in a $2.1 billion deal. Synopsys ( NASDAQ:SNPS ) forecast third-quarter revenue between $1.51 billion and $1.54 billion, below analysts' average estimate of $1.60 billion, according to LSEG data. Revenue in the second-quarter ended April 30 rose about 15% to $1.45 billion, but fell short of estimates of $1.53 billion. Excluding items, it earned $3.00 per share, beating estimates of $2.95 per share. In January, Synopsys ( NASDAQ:SNPS ), which partners with chipmakers including Taiwan Semiconductor Manufacturing Co, Intel (INTC.O), and Samsung Electronics, said it would buy Ansys (ANSS.O) in a $35 billion cash-and-stock deal. Separately, Ansys said on Wednesday that its stockholders approved its proposed acquisition by Synopsys. Synopsys ( NASDAQ:SNPS ) reported Q2 financial results for the second quarter of fiscal year 2024, with quarterly revenue of $1.455 billion, up approximately 15% year over year and at the high-end of guidance. Quarterly GAAP earnings per diluted share of $1.92; non-GAAP earnings per diluted share of $3.00, up approximately 26% year over year1 and exceeding guidance. Synopsys' strong Q2 results were driven by its team's relentless focus on execution, leading technology that is mission-critical to customers, and resilient business model. The company is again raising its full-year targets for revenue and non-GAAP EPS, based on strong execution and continued business momentum. Technical Outlook Synopsys ( NASDAQ:SNPS ) stock closed Thursday's trading session with a Relative Strength Index (RSI) of 60.27 which is slightly overbought. The stock has been on a rising trend since the fall of November, 2023 consecutively rising to new highs.

SNPS Synopsys Options Ahead of Earnings Analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week, I would consider purchasing the 400usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $6.40. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.

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possible move for synopsys inc there is market going so high move on impulse. so market need a minimum retrace. my opinion is market going down at least 200.

NNDM 's new price targets NNDM continues to rise with people in disbelief, so whats next? Well it is fact that we will get another offering by the end of December, but at what price? As of now it would look like at a 5-6 dollar target is likely, but what if we continue to run up, will it change the offering price? The higer the price gets the dilution drops, since the last offering will be worth 50million dollars. Let's say we hit 12 dollars and they do an offering at 10 dollars, this will cause a 5million share dilution, but if they do it at 5 dollars it will be a 10million share dilution, so we want a higher price before the end of December. Insitutions on the other hand don't want a higher price since they want more shares. Now looking at the chart it looks pretty dam bullish with good pull backs that only last a day. News: ARKQ bought 1million shares on the 24% drop on the Friday before. Also the other 3d company they held a large position in, SYNOPSYS, has dropped alot in their portfolio with NNDM now a head of them. SYNOPSYS is worth over 200 dollars a share. Another investment firm known as CVI bought 5million shares on Wednesday, but they aren't as big as ARKQ with a portfolio slighly below a billion dollars in holdings. Besides that not much info on them. Their last offering of 100million dollars would be used to buy out another company. Rumor is start of q1, nndm will partner up with a major defense company TA -We are holding above the 47.77 on the RSI which is bullish and could be seen on both hourly and 5min chart. -On both the hourly and 5min we are bouncing off of the 50ema, which shows we are in a bullish market and bears will get slaughterd. -MACD looking prime for a crossover with Monday leaning green. -Next is price targets. Not much to go off, but these targets are based on hits from the dump in nndm stock in the past. First target is to break 6.99, than we have a high chance of hitting 8.16. Next is 9.53 and after that 12.38. If you are on desktop I do have two more which are at 19.14 and 28.79. Again to come up with these targets, the candle sticks would have to have gone sideways or touch atlest 3 times to be known as an area of interest. Final thoughts I remain bullish and own over 1200shares and will keep buying with more bullish institutions coming live. It is very possible next year this stock will be worth over hindered dollars a share.