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With a market cap of $84.2 billion, Synopsys, Inc. (SNPS) is a leading provider of design automation and design IP solutions for the semiconductor and electronics industries, operating through its Design Automation and Design IP segments. It delivers advanced EDA software, AI-driven design tools, and pre-verified silicon IP solutions for applications ranging from SoCs to automotive systems.
Shares of the Sunnyvale, California-based company have lagged behind the broader market over the past 52 weeks. SNPS stock has decreased 10.9% over this time frame, while the broader S&P 500 Index ($SPX) has risen nearly 13%. Moreover, shares of the company have declined 6.3% on a YTD basis, compared to SPX's marginal gain.