Janney Montgomery Scott LLC Boosts Holdings in Synopsys, Inc. $SNPS

Janney Montgomery Scott LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 79.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,264 shares of the semiconductor company’s stock after acquiring an additional 23,133 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Synopsys were worth $20,722,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SNPS. AGH Wealth Advisors LLC boosted its position in shares of Synopsys by 4.4% in the first quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 24 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in Synopsys during the first quarter worth approximately $176,000. Goodman Advisory Group LLC purchased a new position in Synopsys during the first quarter worth approximately $2,211,000. APEIRON CAPITAL Ltd purchased a new position in Synopsys during the first quarter worth approximately $2,379,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Synopsys by 34.9% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 106,116 shares of the semiconductor company’s stock valued at $42,202,000 after purchasing an additional 27,429 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sassine Ghazi sold 14,603 shares of the 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. This trade represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 firm’s 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 sale, the chief financial officer owned 14,358 shares in the company, valued at approximately $6,461,387.16. The trade was a 19.12% 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. 0.56% of the stock is owned by corporate insiders.

Synopsys Stock Performance

Shares of SNPS stock opened at $446.07 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The company has a market cap of $85.41 billion, a PE ratio of 103.26, a P/E/G ratio of 2.63 and a beta of 1.22. The company’s fifty day simple moving average is $483.72 and its 200-day simple moving average is $461.78. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results 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. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the company earned $3.67 EPS. The firm’s revenue was up 41.9% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. As a group, equities research analysts anticipate that Synopsys, Inc. will post 10.65 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SNPS. Weiss Ratings restated a “hold (c-)” rating on shares of Synopsys in a report on Monday, June 8th. Citigroup boosted their price target on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. KeyCorp restated an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. BNP Paribas Exane raised their price objective on Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their target price on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.