Connor Clark & Lunn Investment Management Ltd. Makes New $201.90 Million Investment in Synopsys, Inc. $SNPS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 452,624 shares of the semiconductor company’s stock, valued at approximately $201,902,000.

Other large investors have also recently modified their holdings of the company. Foronjy Financial LLC lifted its position in Synopsys by 5.2% during the fourth quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 22 shares during the last quarter. AGH Wealth Advisors LLC grew its stake in Synopsys by 4.4% in the 1st quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company’s stock worth $226,000 after buying an additional 24 shares in the last quarter. Hardy Reed LLC increased its holdings in shares of Synopsys by 0.8% in the 4th quarter. Hardy Reed LLC now owns 3,309 shares of the semiconductor company’s stock worth $1,554,000 after buying an additional 25 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Synopsys by 16.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180 shares of the semiconductor company’s stock worth $85,000 after buying an additional 26 shares during the last quarter. Finally, MCF Advisors LLC raised its position in shares of Synopsys by 17.8% during the 4th quarter. MCF Advisors LLC now owns 172 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 26 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In related news, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction on 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 sale, the chief financial officer owned 14,358 shares of the company’s stock, valued at approximately $6,461,387.16. This trade represents a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief executive officer owned 75,020 shares in the company, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research report on Thursday, May 28th. Benchmark restated a “buy” rating on shares of Synopsys in a research report on Wednesday. Stifel Nicolaus lifted their price target on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on Synopsys in a report on Wednesday, May 27th. Finally, Piper Sandler upgraded Synopsys from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $450.00 to $550.00 in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $563.59.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $397.87 on Monday. Synopsys, Inc. has a 1 year low of $366.00 and a 1 year high of $615.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The company’s 50-day moving average is $419.73 and its 200 day moving average is $440.09. The stock has a market capitalization of $76.18 billion, a P/E ratio of 92.10, a P/E/G ratio of 2.34 and a beta of 1.23.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The business’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Synopsys Company 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.