From Cowen research report today: "SNPS should more aggressively deploy its balance sheet through buybacks & M&A. Recent deals have been very small, but we surmise it’d consider bigger deals."It's either Magma or someone even bigger.
Just because some analyst said the company should do something, it doesn't mean the company will, or even should do it. It is extraordinarily premature for you to jump a further step and start speculating on who it must be that SNPS will bid on.