7,500 Shares in Synopsys, Inc. $SNPS Acquired by Sona Asset Management US LLC

Sona Asset Management US LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) during the first quarter, Holdings Channel.com reports. The fund acquired 7,500 shares of the semiconductor company’s stock, valued at approximately $2,974,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Synopsys during the 4th quarter valued at $730,197,000. State Street Corp increased its stake in shares of Synopsys by 20.6% in the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock worth $4,322,273,000 after acquiring an additional 1,493,912 shares during the last quarter. Farallon Capital Management LLC purchased a new stake in shares of Synopsys during the fourth quarter worth $469,344,000. Primecap Management Co. CA boosted its position in Synopsys by 743.6% during the fourth quarter. Primecap Management Co. CA now owns 734,800 shares of the semiconductor company’s stock valued at $345,150,000 after purchasing an additional 647,700 shares during the last quarter. Finally, Employees Provident Fund Board acquired a new stake in Synopsys during the fourth quarter valued at $302,661,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Shelagh Glaser sold 3,394 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $450.02, for a total value of $1,527,367.88. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the firm’s stock in a transaction on 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 approximately $34,431,179.20. This trade represents a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. 0.56% of the stock is owned by corporate insiders.

Synopsys Price Performance

SNPS opened at $373.47 on Monday. The firm has a market cap of $71.51 billion, a P/E ratio of 86.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The business has a 50 day moving average price of $456.13 and a 200 day moving average price of $454.98. Synopsys, Inc. has a twelve month low of $366.00 and a twelve month high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.15 by $0.20. The company had revenue of $2.28 billion for 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 company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.67 earnings per share. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Research analysts forecast that Synopsys, Inc. will post 10.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SNPS. Berenberg Bank set a $633.00 target price on Synopsys in a research report on Wednesday, May 27th. Benchmark started coverage on Synopsys in a report on Wednesday, July 15th. They set a “buy” rating and a $570.00 price target for the company. Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $450.00 to $550.00 in a research note on Tuesday, June 23rd. Wells Fargo & Company increased their price objective on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.