Harvey Capital Management Inc. purchased a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,323 shares of the semiconductor company’s stock, valued at approximately $1,036,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sankala Group LLC purchased a new stake in shares of Synopsys in the fourth quarter worth about $25,000. Elevation Wealth Partners LLC grew its holdings in Synopsys by 96.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 27 shares in the last quarter. Osbon Capital Management LLC bought a new stake in Synopsys in the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Synopsys in the 2nd quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Synopsys during the 4th quarter worth approximately $28,000. Institutional investors own 85.47% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Berenberg Bank set a $633.00 target price on Synopsys in a research report on Wednesday, May 27th. Citigroup increased their price objective on shares of Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Mizuho dropped their price objective on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday. Piper Sandler upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $450.00 to $550.00 in a report on Tuesday, June 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average target price of $561.28.
Insider Buying and Selling at Synopsys
In other news, CEO Sassine Ghazi sold 14,603 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the transaction, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. This trade represents a 16.29% decrease in their ownership of the stock. The sale 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. 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 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 directly 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 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. Corporate insiders own 0.56% of the company’s stock.
Synopsys Stock Performance
NASDAQ:SNPS opened at $464.89 on Friday. The stock’s fifty day moving average is $416.90 and its 200 day moving average is $440.11. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week high of $615.79. The firm has a market capitalization of $89.02 billion, a PE ratio of 82.14, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.
Synopsys (NASDAQ:SNPS – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, topping the consensus estimate of $3.67 by $0.24. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.31%. Synopsys’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 earnings per share. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. On average, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.
Key Headlines Impacting Synopsys
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: Quarterly results exceeded expectations. Synopsys reported revenue of $2.477 billion, up 42.4% year over year, while non-GAAP EPS of $3.91 surpassed the $3.67 consensus estimate. Design Automation was particularly strong, and Ansys-related contributions supported growth. Synopsys Posts Financial Results for Third Quarter Fiscal Year 2026
- Positive Sentiment: Synopsys raised its fiscal 2026 outlook. Management lifted full-year revenue expectations to approximately $9.715 billion at the midpoint and non-GAAP EPS guidance to $15.07. Fourth-quarter EPS guidance of $4.10-$4.16 also came in above the $3.78 analyst consensus, reinforcing expectations for continued operating momentum. Synopsys raises annual forecasts on AI-driven chip design software demand
- Positive Sentiment: AI is strengthening the long-term growth story. The company said rising chip complexity and investments in AI infrastructure are accelerating EDA demand. Management also highlighted a rebound in Design IP, potential growth from integrating Ansys and customer productivity gains from AI-enabled engineering tools. SNPS Q3 Earnings Call Highlights EDA Acceleration, Outlook Raised
- Positive Sentiment: Analyst support remains favorable. Goldman Sachs, Benchmark and Needham reaffirmed Buy ratings with price targets ranging from $570 to $600, implying substantial upside based on the cited reference price. Elliott Investment Management also reportedly built a multibillion-dollar position, betting Synopsys can narrow its valuation discount to peers. Synopsys Earns Buy Rating as Strong Execution and Higher 2026 Guidance Support $600 Price Target
- Neutral Sentiment: Analyst reactions were not unanimous following the results. While several firms remain bullish, some investors may view the raised outlook as largely reflected in the stock’s valuation, contributing to a mixed near-term assessment. Analysts show mixed reactions after Synopsys’ Q3 results, outlook
- Negative Sentiment: Shares initially faced pressure after the earnings release despite the beat and higher guidance, likely reflecting profit-taking and concerns about elevated valuation. The subsequent rally indicates investors ultimately prioritized the strong results and improved growth outlook. Synopsys slides even as it boosts full-year guidance on back of strong Q3 results
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.
Featured Articles
- Five stocks we like better than Synopsys
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
