Stock News Update: Synopsys (NASDAQ:SNPS)

Synopsys (NASDAQ:SNPS) spotted trading -2.52% off 52-week high price. On the other end, the stock has been noted 71.03% away from the low price over the last 52-weeks. The stock changed 0.69% to recent value of $142.96. The stock transacted 701035 shares during most recent day however it has an average volume of 954.01K shares. The company has 151.71M of outstanding shares and 149.39M shares were floated in the market.

Highlights:

  • Synopsys collaborated with Fraunhofer Institute for Integrated Circuits (IIS) to release an implementation of the next-generation Bluetooth LE Audio Low Complexity Communication Codec (LC3)
  • The new codec is designed to be compliant with the upcoming Bluetooth LC3 audio codec specification and is optimized to deliver high-quality audio and voice playback in battery-powered devices incorporating ARC EM and HS DSP processors
  • New LC3 codec expands the portfolio of DesignWare ARC audio codecs and post-processing software supporting popular audio standards and extends Synopsys’ DesignWare Bluetooth Low Energy IP offerings

On Jan. 7, 2020, Synopsys (NASDAQ:SNPS) declared availability of the Bluetooth LE Audio LC3 Codec optimized for Synopsys’ DesignWare® ARC® EM DSP and HS DSP processor IP. The LC3 codec is an important feature of Bluetooth LE Audio, the soon-to-be-released next-generation audio standard defined by the Bluetooth Special Interest Group (SIG) that enables system-on-chip (SoC) designers to efficiently implement high-quality voice and audio streaming in a wide range of applications, including mobile, wearables, and home automation. The LC3 codec for ARC processors is based on an implementation by Fraunhofer IIS that is designed to meet Bluetooth SIG requirements. The new LC3 codec, running on ARC EM and HS DSP processors, allows designers to rapidly integrate a complete, pre-verified hardware and software solution for voice and speech processing into Bluetooth-enabled devices requiring minimal energy consumption.

The rapid growth of wearable devices requiring high-quality Bluetooth audio streaming is driving the need for power-efficient processor IP with DSP capabilities that can meet intensive computation requirements of voice and audio applications. Those applications require an optimized codec providing state-of-the art voice and audio quality at minimum computational complexity. The LC3 codec is designed exactly like that, said Manfred Lutzky, head of Audio for Communications at Fraunhofer IIS. By porting the LC3 codec to the DSP-enhanced ARC processors, Synopsys is enabling customers to quickly implement LC3 codec functionality in their low-power SoCs. We look forward to continuing our collaboration with Synopsys so that the LC3 codec for ARC processors continues to incorporate the latest updates.

Its earnings per share (EPS) expected to touch remained -3.10% for this year while earning per share for the next 5-years is expected to reach at 13.50%. SNPS has a gross margin of 77.60% and an operating margin of 15.50% while its profit margin remained 15.80% for the last 12 months.

According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.69% from the mean of 20 days, 3.83% from mean of 50 days SMA and performed 9.49% from mean of 200 days price. Company’s performance for the week was 2.77%, 8.40% for month and YTD performance remained 2.70%.

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