According to our findings here, ETFs outperformed Synopsys based on PBV. However, Synopsys outperformed most of its ETFs based on price movement and PE.
Cadence Design Systems has a market capitalization of $6.2 billion. Cadence’s year-to-date price movement has been rising quarter-over-quarter in 2015.
Looking at its EDA products through the Virtuoso platform, Cadence provides support for laying out transistors, wires, and chips for a variety of designs.
In September 2014, AMD (AMD) and Synopsys (SNPS) entered into a multi-year agreement. The partnership will give AMD access to a range of Synopsys’ intellectual property.
