Summit Global Investments Acquires New Position in Synopsys, Inc. $SNPS

Summit Global Investments acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,635 shares of the semiconductor company’s stock, valued at approximately $729,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Synopsys in the 2nd quarter valued at approximately $9,427,000. Hardy Reed LLC acquired a new position in Synopsys during the second quarter worth $1,360,000. Merit Financial Group LLC grew its holdings in Synopsys by 15.5% during the second quarter. Merit Financial Group LLC now owns 25,247 shares of the semiconductor company’s stock worth $11,262,000 after acquiring an additional 3,392 shares during the period. Diversified Trust Co. raised its position in Synopsys by 3.6% in the second quarter. Diversified Trust Co. now owns 5,857 shares of the semiconductor company’s stock worth $2,613,000 after acquiring an additional 204 shares in the last quarter. Finally, Formidable Asset Management LLC raised its position in Synopsys by 15.4% in the second quarter. Formidable Asset Management LLC now owns 1,780 shares of the semiconductor company’s stock worth $794,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity

In other Synopsys news, 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 transaction of $1,527,367.88. Following the completion of the transaction, the chief financial officer directly owned 14,358 shares in the company, 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 SEC, which can be accessed through this link. 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 transaction of $6,702,192.88. Following the transaction, the chief executive officer owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Company insiders own 0.56% of the company’s stock.

Synopsys Stock Up 2.4%

Synopsys stock opened at $421.50 on Friday. 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 firm has a market capitalization of $80.71 billion, a price-to-earnings ratio of 97.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week high of $626.24. The stock’s fifty day moving average is $425.63 and its two-hundred day moving average is $443.35.

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, beating analysts’ consensus estimates of $3.15 by $0.20. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business 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. Analysts predict that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Key Synopsys News

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: A discounted-cash-flow analysis suggests Synopsys may be undervalued by approximately 26%, offering potential upside if the company converts strong AI and semiconductor-design demand into sustained cash-flow growth. Synopsys Stock May Be Cheap As Shares Fell 33%
• Positive Sentiment: Analysts and market commentators point to 42% revenue growth, raised guidance and Synopsys’ completed $35 billion acquisition as catalysts that could eventually support a recovery toward substantially higher price levels. These forecasts are speculative and depend on successful integration and continued AI-silicon spending. Prediction: Synopsys Will Hit $650 on This Date

Wall Street Analyst Weigh In

SNPS has been the subject of a number of recent analyst reports. Benchmark started coverage on Synopsys in a report on Wednesday, July 15th. They issued a “buy” rating and a $570.00 target price for the company. Berenberg Bank set a $633.00 price target on shares of Synopsys in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a report on Monday, June 8th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $580.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $565.06.

About Synopsys

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.