We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Synopsys (SNPS) Buys QuantumWise, Grows through Acquisitions
Read MoreHide Full Article
In sync with its strategy of growing through acquisitions Synopsys Inc. (SNPS - Free Report) recently announced the completion of the buyout of a privately-held self-funded company, QuantumWise. The company largely works on delivering software tools for atomic-scale modeling of materials. However, the financial terms of the deal have been kept under wraps.
Headquartered in Copenhagen, Denmark, QuantumWise tools and solutions reduces time-to-marketand cost by enabling co-optimization of materials, processes, devices, and circuits across many applications, including semiconductors and electronics. The integration of QuantumWise with Synopsys' Sentaurus TCAD will aid Synopsys better in managing simulation tasks and analyzing simulation results
The acquisition is expected to strengthen its position in the TCAD business. By using QuantumWise's solutions, the company will be able to create a higher-quality initial Process Design Kits (PDKs) for Design-Technology Co-Optimization (DTCO). In short, the acquisition will enhance its technical efficiency along with augmenting product and service portfolio.
According to Synopsys, "The QuantumWise technology is a key component of our DTCO solution as it enables the systematic evaluation of new materials by providing TCAD models in the very early stages of technology research before wafers are available." Consequently, the acquisition will help Synopsys to reduce the costly and time-consuming test wafer runs when evolving a new semiconductor device or technology.
Furthermore, through the acquisition, Synopsys will gain QuantumWise’s customers thereby boosting the top line.
Notably, in the year-to-date period, the stock has outperformed the industry to which it belongs to. Synopsys has returned 36.7%, while the industry gained 25.5%.
Acquisitions are central to the company’s growth strategy and give it access to newer markets and technologies. Some of its notable buyouts include Cigital, Codiscope, Codenomicon, Coverity and Target Compiler Technologies.
However, competition from Cadence Design Systems Inc. (CDNS - Free Report) and Mentor Graphics Corp., a challenging technology spending environment and uncertainty regarding the exact time of realizing acquisition synergies keep us on the side-lines.
Long-term expected EPS growth rate for Applied Materials and NVIDIA is 17.1% and10.3%, respectively.
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Image: Bigstock
Synopsys (SNPS) Buys QuantumWise, Grows through Acquisitions
In sync with its strategy of growing through acquisitions Synopsys Inc. (SNPS - Free Report) recently announced the completion of the buyout of a privately-held self-funded company, QuantumWise. The company largely works on delivering software tools for atomic-scale modeling of materials. However, the financial terms of the deal have been kept under wraps.
Headquartered in Copenhagen, Denmark, QuantumWise tools and solutions reduces time-to-marketand cost by enabling co-optimization of materials, processes, devices, and circuits across many applications, including semiconductors and electronics. The integration of QuantumWise with Synopsys' Sentaurus TCAD will aid Synopsys better in managing simulation tasks and analyzing simulation results
The acquisition is expected to strengthen its position in the TCAD business. By using QuantumWise's solutions, the company will be able to create a higher-quality initial Process Design Kits (PDKs) for Design-Technology Co-Optimization (DTCO). In short, the acquisition will enhance its technical efficiency along with augmenting product and service portfolio.
According to Synopsys, "The QuantumWise technology is a key component of our DTCO solution as it enables the systematic evaluation of new materials by providing TCAD models in the very early stages of technology research before wafers are available." Consequently, the acquisition will help Synopsys to reduce the costly and time-consuming test wafer runs when evolving a new semiconductor device or technology.
Furthermore, through the acquisition, Synopsys will gain QuantumWise’s customers thereby boosting the top line.
Notably, in the year-to-date period, the stock has outperformed the industry to which it belongs to. Synopsys has returned 36.7%, while the industry gained 25.5%.
Acquisitions are central to the company’s growth strategy and give it access to newer markets and technologies. Some of its notable buyouts include Cigital, Codiscope, Codenomicon, Coverity and Target Compiler Technologies.
However, competition from Cadence Design Systems Inc. (CDNS - Free Report) and Mentor Graphics Corp., a challenging technology spending environment and uncertainty regarding the exact time of realizing acquisition synergies keep us on the side-lines.
Currently, Synopsys carries a Zacks Rank #2 (Buy). Some other top-ranked stocks worth considering are Applied Materials, Inc. (AMAT - Free Report) and NVIDIA Corporation (NVDA - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term expected EPS growth rate for Applied Materials and NVIDIA is 17.1% and10.3%, respectively.
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>