Renaissance Technologies LLC Takes Position in Synopsys, Inc. $SNPS

Renaissance Technologies LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 1st quarter, HoldingsChannel.com reports. The firm bought 304,218 shares of the semiconductor company’s stock, valued at approximately $120,616,000.

A number of other institutional investors have also recently bought and sold shares of SNPS. Gabelli Funds LLC bought a new position in shares of Synopsys during the 1st quarter worth about $515,000. Gamco Investors INC. ET AL bought a new stake in Synopsys in the first quarter valued at about $200,000. Public Employees Retirement System of Ohio increased its stake in Synopsys by 2.8% in the first quarter. Public Employees Retirement System of Ohio now owns 76,748 shares of the semiconductor company’s stock valued at $30,429,000 after acquiring an additional 2,078 shares during the period. M.D. Sass LLC acquired a new position in Synopsys in the first quarter worth about $30,458,000. Finally, Inceptionr LLC acquired a new position in Synopsys in the first quarter worth about $804,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $458.96, for a total value of $6,702,192.88. Following the completion of the transaction, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Shelagh Glaser sold 3,394 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the transaction, the chief financial officer owned 14,358 shares in the company, valued at approximately $6,461,387.16. This trade represents a 19.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.56% of the company’s stock.

Synopsys Trading Down 0.0%

SNPS stock opened at $373.47 on Friday. The business has a fifty day moving average price of $456.13 and a 200 day moving average price of $455.25. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week high of $651.73. The stock has a market capitalization of $71.51 billion, a price-to-earnings ratio of 86.45, a P/E/G ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.20. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 EPS. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Analysts expect that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SNPS has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Citigroup increased their target price on Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price target on Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Rosenblatt Securities upped their price target on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $570.06.

Synopsys Profile

Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front?end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape?out.

In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.