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Synopsys’ stock price trades above the dominant upward trendline with a year-to-date return of 38.65% and a three-month return of +6.38%
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Synopsys Inc. (NASDAQ: SNPS) stock’s 52-week price range is between $267.00 – $471.15.
Synopsys, Inc. is an organization that makes software ( for designing and testing ICs), which are small electronic devices that power many technologies as well. The SNPS also provides products built on IP, which are ready-to use components that can be used in IC design. Synopsys, Inc. was first founded in December 1986 by four engineers: Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell. The company’s headquarters are located in Sunnyvale, CA.
The SNPS stock had showed a good performance in the period ending july 2023 quarter, with a $1.49 Billion revenue and a net income of $336.25 Million. Furthermore, The company also managed to improve its profit margin to 22.59%, which was almost 3% higher than the previous
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