Sanctuary Advisors LLC increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 23.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,089 shares of the semiconductor company’s stock after buying an additional 1,739 shares during the quarter. Sanctuary Advisors LLC’s holdings in Synopsys were worth $3,604,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sowell Financial Services LLC lifted its holdings in shares of Synopsys by 2.0% during the 4th quarter. Sowell Financial Services LLC now owns 1,056 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 21 shares in the last quarter. Natural Investments LLC lifted its stake in Synopsys by 4.6% in the fourth quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 21 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Synopsys by 7.0% in the fourth quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 22 shares during the period. Foronjy Financial LLC increased its position in shares of Synopsys by 5.2% during the fourth quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 22 shares in the last quarter. Finally, AGH Wealth Advisors LLC raised its holdings in shares of Synopsys by 4.4% during 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 period. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Stock Performance
SNPS opened at $384.27 on Monday. The business’s 50-day simple moving average is $469.31 and its 200 day simple moving average is $458.48. Synopsys, Inc. has a 52-week low of $366.00 and a 52-week high of $651.73. 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 $73.58 billion, a PE ratio of 88.95, a PEG ratio of 2.26 and a beta of 1.22.
Analyst Ratings Changes
SNPS has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research note on Thursday, May 28th. BNP Paribas Exane increased 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. Wells Fargo & Company lifted their target price on Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Finally, Piper Sandler upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $450.00 to $550.00 in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $570.06.
Read Our Latest Report on Synopsys
Insiders Place Their Bets
In other news, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $458.96, for a total value of $6,702,192.88. Following the sale, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. This represents a 16.29% decrease in their position. The sale was disclosed in a document filed 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. 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 transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer owned 14,358 shares of the company’s stock, valued at $6,461,387.16. This trade represents 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. Company insiders own 0.56% of the company’s stock.
Synopsys News Summary
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: Benchmark upgraded Synopsys (SNPS) to strong-buy, reinforcing a bullish long-term view on AI-driven demand for electronic design automation software. Zacks.com
- Positive Sentiment: Synopsys continues to have strong analyst support overall, with brokerage ratings averaging Moderate Buy and several recent price targets well above the current share price. American Banking News
- Neutral Sentiment: New commentary suggests the recent pullback may be a “buy the dip” opportunity, but that view is still based on technical support levels rather than a new fundamental catalyst. Trefis
- Negative Sentiment: SNPS is falling alongside a broader chip and tech selloff, which is weighing on sentiment across the semiconductor group. Benzinga
- Negative Sentiment: Investors are also worried about muted growth in Synopsys’s Design IP business and export-control headwinds, which may be limiting enthusiasm despite the earnings beat. Quiver Quantitative
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.
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