Synopsys Inc. (NASDAQ:SNPS)
Old Forum Content for SNPS
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- joelsg1: $SNPS E tonight, implied move around $32. They design for everyone and this is first Q of combined ANSS numbers. Long from way below and adding 9/26 $610-650 call spreads though probably get better price nearer close.
- joelsg1: $SNPS Getting wrecked on weak results, very cautious outlook, down 2.5x implied move ah.
- Motorman: @joelsg1 $SNPS small position held, overdone. Down to 200 day.
- joelsg1: $SNPS No good rotten day, but did sell some puts on stocks I own now but want to buy more of $SNPS, $NVDA $PLTR $MSFT.
- joelsg1: $SNPS Their acquisition of $ANSS beginning to pay off, $NVDA licensed their simulation tech. First E as combined company 9/9. Added 9/19 $610-650 call spreads.
- joelsg1: $SNPS Looks like a bounce near 20d, Added again.
- joelsg1: $SNPS HOD-L.
- joelsg1: $SNPS Flagging after big run, doesn't have the same compliance issues as $CDNS and a much better company anyway, particularly following the approved merger with $ANSS. Like it better at the 20d but added to large pos. from way below with Sept. $620-650 call spreads.
- joelsg1: $SNPS Sold a few 8/29 $550 puts, E 9/9. Long shares from way below.
- joelsg1: $SNPS Pushing ATH-L after stellar $CDNS E, closing $ANSS acquisition with Chinese approval in the absence of general trade deal with China a big deal and a surprise. E 8/20.
- joelsg1: $SNPS No pb but an increasing spread between the upper BB and 8d. At what point is the size of that spread a red storm flag?
- joelsg1: $SNPS BO to ATH-L.
- joelsg1: $SNPS Up 41% since last E swoon and will probably swoon again next E 8/20, but in the meantime enjoying the ride with ATH of $629.38 from 2/24 in sight. Long from way below. Only 185M shares out, CFRA target $656.
- joelsg1: $SNPS Up 62% since 4/7 low with 2 bounces off lower BB since. Closed $ANSS acquisition last week, Piper raises to $660. Long from a chasm below but company said acquisition will take over a year to be accretive, so wouldn't add into E 8/20 but if it drops after would add then.
- joelsg1: $SNPS Received approval for $ANSS acquisition from Chinese regulators, it's been a long 17 months but deal to close Thursday 7/17. Long all the way.
- joelsg1: @Henry $ANSS Yes, but being acquired by $SNPS, old fave of mine.
- Henry: @joelsg1 $ANSS $SNPS both have nice charts if you are an owner
- joelsg1: @Henry $ANSS $SNPS LT holder of $SNPS with avg cost basis about $200 lower. Merger terms are each $ANSS shareholder gets $197 cash plus .345 shares of $SNPS, total value is about $20 more than current $ANSS stock price, that's the risk discount, and China still has to approve merger.
- Motorman: Nice pop in $SNPS on easing china restrictions. I added following the 3 day drop in end of May once it re-established 50day. Though volume no where near volume on those 3 days.
- Motorman: $SNPS Nice 4% move. Added on PB to 50day few days ago after chip design software restrictions announced .
- traderbren: $CDNS $SNPS - nice downdraft off news...and $NVDA softened up as well.
- Motorman: @traderbren $CDNS $SNPS $NVDA ER out and bounce. I go some on the news.
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WhitePath: ...
$SNPS reported better than expected but with negative growth in sales, given they have a lot of products for networking and AI system connectivity solutions for Datacenter. This is not the only sign aligning with the cooling business perspective.
$ ... - joelsg1: $SNPS Beat and raise, up ah 3%, Long.
- Motorman: $SNPS Up today on news of possible approval by UK regulators of $ANSS takeover.
- joelsg1: $SNPS This is Day 3 post-E, but that doesn't mean it's a reflexive add since I like the stock, still have to wait for an entry, not apparent today. 20w has been support for past 2 years but now looks like resistance. Watchful waiting.
- Motorman: @joelsg1 $SNPS Just noticed it down today. No adds. will wait. Like the 3 day rule.
- Motorman: @joelsg1 Thanks for in depth call analysis on $SNPS. I added to a green position yesterday. Will add more as dust settles.
- joelsg1: @Motorman $SNPS Like it and own it LT, but waiting for post-E Day 3 (Monday) at soonest to add. Probably stupid on my part to wait. But I think we get at least $100 out of it and strong as back half of 2025 comes into focus.
- Motorman: @joelsg1 $SNPS I got into it off your posts early so am still green, so added. Thanks for insight.
- joelsg1: @Motorman $SNPS Thanks and good fortune.
- Motorman: $SNPS beat up after ER. PT in $600's
- Motorman: $SNPS up 10 off low posted below. NVDA CEO did talk about it during ER presentation.
- joelsg1: @Motorman $SNPS Traveling today but did review E call transcript, new mgmt “pragmatic” with guide tanking stock but which is back second half loaded more than usual due to “mechanical” factors like a change in fiscal year and 10 more days in 2nd half. Demand strong and big acquisition closing first half. I’m a buyer on Day 3.
- Motorman: $SNPS Down 10% in 2 day. Not seeing news? Any insights? @joelsg1 MIA today.
- kenb: @Motorman $SNPS pin action from $ASML I think.
- Henry: @woodman $NVDA $CDNS I think it was $SNPS
- woodman: @Henry $NVDA $CDNS $SNPS - Thanks.
- DavidK: @Henry $NVDA $CDNS $SNPS yes thanks. Typo I bought a couple puts and sold already for quick 18% gain .
- joelsg1: $SNPS E tonight, LT Long since $350, up 19% since that Monday 8/5 dump so not expecting too much if any upside, but implied move about $47, may get some breadcrumbs about $NVDA's Q E next Wed.
- joelsg1: $NVDA FWIW, perhaps not much, been adding to faves on this dump, $NVDA, $SMCI, $TMDX, $SNPS, investment pos.
- mgoodw: @joelsg1 $NVDA $SMCI $TMDX $SNPS I'd really like to see $NVDA fill that $96 gap then I'd be happy to jump in.
- joelsg1: @mgoodw $NVDA $SMCI $TMDX $SNPS Fact that everyone and their sister is watching that gap tells me it never gets there.
- mgoodw: @joelsg1 $NVDA $SMCI $TMDX $SNPS hahahah I could see that !
- joelsg1: $SNPS Picture perfect bounce off the 200d, stronger company than $CDNS with $ANSS acquisition progressing. Long.
- joelsg1: $SNPS $CRWD $SNPS bounced off the 200d sma, $CRWD off the 100d ema, own both from way below and have $CRWD Friday $310 calls I intend to exercise tomorrow.
- pperlroth: $SNPS looking ready to go
- joelsg1: $SNPS Rising after morning pop and pb after Baird raises to $661. Quite long.
- joelsg1: $SNPS Sold mfg. software to $UMC for $671M and taking off, Long.
- joelsg1: $MU and $SNPS Both closed strong on increasing volume as part of the $NVDA universe. $MU has E tomorrow, implied move about $16, opened a few YOLO $140-155 call spreads.
- joelsg1: $SNPS BO pushing ATH, Long and buying inevitable pbs.
- mariner: $CDNS, or $SNPS?
- joelsg1: $SNPS Rolled short legs of posted July call spreads up and out for credits, happy to add at $570.
- cgendro1: $SNPS- 5.5% move! NP
- joelsg1: $SNPS E tonight with $NVDA, implied move about $37. Holding through with shares from way below and posted July spreads.
- joelsg1: $SNPS Coming back from reflex ah drubbing. Missed slightly vs expectations on all metrics but new CEO (though company veteran) who needs to manage analysts a bit better. $ANSS shareholders approved acquisition. Jensen will probably mention on $NVDA E call. Implied move was about $40 ah low was half of that and now down just $5.
- cgendro1: @joelsg1 $SNPS $ANSS $NVDA - the summary of $NVDA posted on zerohedge, states: Announced TSMC and Synopsys are going into production with NVIDIA cuLitho to accelerate computational lithography, the semiconductor manufacturing industry’s most compute-intensive workload.
- joelsg1: $SNPS Added July $570-610 call spreads. Reports tomorrow with $NVDA. Big hyperscalers buy from $NVDA, which buys from $SNPS and $ANSS which $SNPS is acquiring subject to approvals. Strong on 8d though tomorrow's E looms.
- joelsg1: $SNPS Added July $570-610 call spreads, strong up the 8d, E Wed. same as $NVDA.
- scottrades: My notes: $SPY $QQQ Day 2 of a rally attempt $IWM Ceiling above $DXY Under the 8EMA $TNX Still above the 8EMA $TLT 87 Support $GLD at the 21 EMA $GDX At the 21 EMA $XLE Back above the 8EMA $XLF Banks moving $SMH Under the 50 Day $IBIT Above the MAs $TSLA Earnings tonight $NVDA Still under the 50 Day $GOOGL Reports Thursday $AMZN At the 50 Day $META Earnings Tomorrow $NFLX Potential Gap Fill $GS Breaking out of a base $MS Whippy but nice weekly. $HUBS Earnings next week $ANET Rebound into Earnings? $ELF Watch the 50 Day for resistance $NVO Above the 50 Day $SNPS Support at the 200 Day $CLSK Chart of the day last week $MSTR Hodling the 50 Day
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scottrades: ...
It feels to me that we’re moving into a bit of a traders market which means we want to hold our winners but be open to trading around a core position as we get into some potential bumpy roads ahead. That said, there are some strong stocks that ... - PTinME: @scottrades $DBC $GBTC $MSTR $NFLX $META $AMZN $NVDA $NET $SNPS Good morning Scott.......On $NVDA. I'm seeing the 21day just shy of 900 and the 50 all the way down at 800. I'm new to charting and still using free software though. I'm confused as what you might be seeing as a swing trade unless this goes above 900?
- scottrades: My notes: $SPY At the 21 EMA $QQQ Under the 21 EMA $IWM At the 21 EMA $DXY Close to a pivot $TNX Above resistance $GLD Higher High $GDX Out of the triangle. $XLE Still going. $SMH Basing $XLK At the 50 Day $IBIT The halving is April 19 (est.) $DELL Still in trend $UBER at the 50 Day $NVDA at the 21 EMA $HUBS At the 50 Day $ANET at the 21 EMA $SNPS At the 50 Day $WING At the 21 EMA $CRWD At the 50 Day $NVO Good volume above the 50 $IOT Near the 50 Day $NET Good volume near the 50 Day $DKNG At the 21 EMA
- joelsg1: $SNPS Off the mat 90 minutes in.
- joelsg1: $SNPS Through that $600 lid and accelerating.
- joelsg1: $CDNS Following $SNPS and holding morning gap, opened April $325-345 call spreads.
- joelsg1: $SNPS $CDNS Both ATHs. $CELH HOD
- joelsg1: @Angdionk $ANSS Pending acquisition by $SNPS, but that's old news.
- joelsg1: $SNPS Breaking out here. Long.
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DAN: ...
I will be on Fox Business today and it's likely that $NVDA will come up. However, my suspicion is that, unless I am in the A block (top of the show), Charles will have worn this out by the time I'm on. There are other stocks in the semiconductor a ... - traderbren: $SNPS - not holding the gap. Got short via puts this morning. Holding Mar 590 puts
- joelsg1: $SNPS E tonight, implied move around $14. Long from way below and holding through. New CEO's first solo call.
- RD: @joelsg1 $SNPS Planning to hold a small position over earnings. selling some before the close. New CEO's and CFO's usually under-promise on guidance on their first earnings call to be able to over-deliver on the next. I hope I'm wrong. Goodluck!
- joelsg1: @RD $SNPS Right, although this guy has been there for decades and part of last few calls, plus they have an acquisition to discuss, but a few "AI" mentions and... Best!
- RD: @joelsg1 $SNPS I just hope guidance will be good especially with new acquisition. Goodluck to all of us holding shares over earnings!
- RD: @RD $SNPS I see SNPS earnings on 2/21/24, same as NVDA.
- joelsg1: @RD $SNPS So much for Schwab
- joelsg1: $CDNS E tonight, implied move around $21, I'm in $SNPS which should move in sympathy but with an acquisition pending..
- joelsg1: $SNPS Added $580-600 call spreads into E next week. Now over prior high I mentioned.
- RD: $SNPS inching closer to 52 wk hi of 573.77
- RD: @RD $SNPS came up short by 0.24 and now has pulled back
- joelsg1: @Vineet $ARM $NVDA Read it somewhere, verified and posted. I think the lockup expires 3/12, but this thing will be manipulated to the extreme IMHO, so no edge. I'm in $SNPS.
- psr: @DAN $SNPS is it good entry at 550
- scottrades: @psr $SNPS Not Dan, but you could try some with a stop under yesterdays low.
- DAN: @scottrades $SNPS totally agree.
- psr: @scottrades $SNPS thank you
- RD: $SNPS @HOD above yesterday's high
- joelsg1: $SNPS Closed posted Feb. call spreads for 20% profit.
- joelsg1: $SNPS Added.
- joelsg1: $SNPS Last week's $500 add on $ANSS deal drop looking good, back above 50d though expect a few attempts to close above.
- joelsg1: $SNPS Fell 10% when Reuters leaked proposed acquisition of $ANSS for reported $35B or around $400 per ANSS share. Deal terms confirmed today at around $368, so $SNPS rebound and I added to long shares at around $500.
- joelsg1: $SNPS Getting crushed today on news it offered to acquire $ANSS, a simulation software maker worth at least $30B. Stay tuned.
- joelsg1: $SNPS Added.
- joelsg1: $SNPS Sold tomorrow's $540 calls for 2.5 bagger on spread, leaving short $580s alone but covered by stock.
- Motorman: @joelsg1 $SNPS Is is down due to $ADBE. PT raised to $630 at $WFC
- joelsg1: @Motorman $SNPS $ADBE $WFC Yes, and due after $100 in 6 weeks. I was Definitely slow today, too many other distractions.
- joelsg1: $SNPS Trimmed this and other big winners, IMO no good reaction to almost anything Fed says and plots today.
- joelsg1: $SNPS Another horse, 50d was reliable support, now it's the 8d/20d. Long.
- joelsg1: $SNPS Rolled Friday itm call spreads up/out to 1/19s.
- joelsg1: $SNPS Bounce trade off $530 post-E working.
| Stock Price | $465.85 |
| Change | 0.02% |
| Volume | 1,960,820 |
Synopsys, Inc. is a global company which provides software, intellectual property and services used to accelerate innovation in integrated circuits and electronic systems.
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