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Synopsys Shares Trusted by Big Money

By:
Lucas Downey
Published: Apr 12, 2024, 20:46 GMT+00:00

Synopsys, Inc. (SNPS) shares are up 9% in 2024. It’s clear how Big Money investors trust the software company to deliver over time.

NASDAQ symbol on bull, FX Empire

In this article:

Synopsys Stock Bought Big

Institutional volumes reveal a powerful story. In the last year, SNPS has enjoyed a surge in demand, which we believe to be strong institutional support.

Each green bar indicates unusual trading action in SNPS shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Synopsys.

Synopsys Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, SNPS has had big sales and EPS growth in recent years:

  • 3-year sales growth rate (+16.7%)
  • 3-year EPS growth rate (+22.7%)

Source: FactSet

EPS is estimated to ramp higher this year by +15.7%.

Now it makes sense why the stock has been shooting to new heights. Synopsys is gaining because its profits are powerful.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Synopsys has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 list many times. The blue bars below show when SNPS was a top pick…earning Big Money trust along the way.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the outliers. The superstars are in demand by Big Money.

Synopsys Price Prediction

The Synopsys rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in SNPS at the time of publication.

If you are a Registered Investment Advisor (RIA) or a serious investor interested in taking your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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