ANSS News & Events

Mizuho analyst Siti Panigrahi reiterated an Outperform rating and $600 price target on Synopsys (SNPS) after the company and Nvidia (NVDA) announced an expanded partnership, under which Nvidia would invest $2B in Synopsys. The firm said the investment implies attractive risk/reward in Synopsys shares and further reinforces the positive thesis in the firm's initiation report, where it views electronic design automation tools as a critical enabler of the AI revolutions. The firm added that it also views the investment as a strategic positive, enabling Synopsys and Ansys (ANSS) to deliver more impactful products leveraging Nvidia CUDA acceleration and physical AI expertise that should drive total addressable market expansion.

Synopsys (SNPS) announced that it has received approval from all necessary authorities to proceed with the planned, previously-announced divestitures of the Optical Solutions Group and PowerArtist businesses to Keysight Technologies (KEYS). These divestitures were determined by regulatory authorities to be a necessary step related to Synopsys' acquisition of Ansys (ANSS), which successfully closed on July 17. Synopsys expects to complete these divestitures on or about October 17. The transactions are not material to Synopsys' financials, and terms of the agreements were not disclosed. Synopsys remains committed to a seamless transition for its employees, customers and partners.