Added to YB: 2026-05-05
Pitch date: 2026-05-02
SNPS [bullish]
Synopsys, Inc.
+0.74%
current return
Author Info
No bio for this author
Company Info
Synopsys, Inc. provides design IP solutions in the semiconductor and electronics industries. It operates in two segments, Design Automation and Design IP.
Market Cap
$92.2B
Pitch Price
$493.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
56.62
P/E
75.80
EV/Sales
12.59
Sector
Software
Category
special_situation
Getting Paid to Wait for an Already-Reset Name - Synopsys, Inc.
SNPS (sold puts): $370 June '26 puts sold at $3.58. Stock reset from $650+ to $492 (near $376 52W low). Q1 beat: $2.41B rev, $3.77 EPS vs $3.11 est. $11.3B backlog, $1.9B FCF guide, $2B buyback auth, Ansys debt repaid. Elliott stake = margin/capital return pressure. EDA duopoly w/ wide moat. Risks: Q2 ER May 27 (inside option life), Ansys integration, China export controls, EDA growth decel
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