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9.13680074920935E-05 -0.00254688320884444 0.00332351127252789 0.00132483610863652 0.00370040430343316 0.00034263002809561 0.00781196464058114 -0.0068069165581672
Stock impact report

Elliott Investment Management takes multibillion-dollar stake in Synopsys, plans engagement [Yahoo! Finance]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Activist investor Elliott Investment Management has amassed a multibillion-dollar stake in chip-design software company Synopsys Inc (NASDAQ:SNPS, XETRA:SYP) , according to a report by The Wall Street Journal, citing people familiar with the matter. The report said Elliott plans to engage with the California-based company with a focus on improving how it monetizes its software and services portfolio. The hedge fund is expected to push Synopsys to extract greater value from its offerings, which are widely used across the semiconductor and technology industries. The Journal, citing unnamed sources, did not specify the exact size of Elliott's position or detail the timing of the investment, but described it as a significant stake in the company, which has a market capitalization of more than $80 billion. Synopsys provides software tools that are critical to the design and testing of advanced semiconductor components. Its products help chipmakers and technology companies simulate Show less Read more
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