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Synopsys to Join S&P 500

Published Wednesday March 15

…International Industries Inc. in the S&P 500 which was acquired this week by Samsung.

Mountain View-based Synopsys will be added to the prestigious S&P five hundred Index of publicly-traded companies before the start of stock market trading on Thursday.

Synopsys has a market capitalization of $10.5 billion as of Wed afternoon.

The addition of a company to the S&P five hundred could give a boost to its share price since a lot of big stock funds track the index and will have to buy shares for their portfolios. Synopsys was part of the S&P MidCap 400. The company will replace Harman International Industries Incorporated in the S&P five hundred which was acquired this week by Samsung.

Synopsys was founded in 1986 and has more than 11,000 employees and $2.4 billion in revenue.

Article length: About 70 words.
Tags: Mountain View
Read more at Svdaily

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