Nichols & Pratt Advisers LLP MA raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,474 shares of the semiconductor company’s stock after buying an additional 9,063 shares during the quarter. Synopsys comprises 1.1% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 27th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Synopsys were worth $17,633,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SNPS. Coatue Management LLC acquired a new position in shares of Synopsys during the third quarter valued at about $892,605,000. Norges Bank acquired a new stake in Synopsys during the fourth quarter worth about $730,197,000. State Street Corp increased its stake in Synopsys by 20.6% during the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after acquiring an additional 1,493,912 shares during the period. Farallon Capital Management LLC acquired a new position in Synopsys in the 4th quarter valued at approximately $469,344,000. Finally, Assenagon Asset Management S.A. raised its holdings in Synopsys by 390.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,186,879 shares of the semiconductor company’s stock valued at $557,501,000 after acquiring an additional 944,973 shares in the last quarter. 85.47% of the stock is owned by institutional investors.
Analyst Ratings Changes
SNPS has been the topic of several recent research reports. Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $450.00 to $550.00 in a report on Tuesday, June 23rd. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wells Fargo & Company lifted their price target on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Bank of America increased their price objective on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Citigroup raised their price objective on shares of Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $570.06.
Synopsys Stock Down 0.5%
Shares of NASDAQ:SNPS opened at $434.50 on Thursday. Synopsys, Inc. has a 52 week low of $376.18 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 company’s fifty day moving average is $479.33 and its 200-day moving average is $460.96. The company has a market capitalization of $83.20 billion, a PE ratio of 100.58, a P/E/G ratio of 2.56 and a beta of 1.22.
Synopsys (NASDAQ:SNPS – Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.20. The business 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 firm’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.67 EPS. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Equities research analysts predict that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Sassine Ghazi sold 14,603 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at $34,431,179.20. The trade was a 16.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. This represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.56% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Synopsys
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
