35,911 Shares in Synopsys, Inc. $SNPS Purchased by Cibc World Market Inc.

Key Points

• CIBC World Market acquired 35,911 Synopsys shares in the second quarter, valued at approximately $16.0 million. Institutional investors collectively own 85.47% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $563.59; several firms recently raised their targets to as high as $600.
• Synopsys reported quarterly EPS of $3.35, exceeding estimates, while revenue rose 41.9% year over year to $2.28 billion. Shares opened at $394.51, well below their 52-week high of $615.79.

Cibc World Market Inc. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,911 shares of the semiconductor company's stock, valued at approximately $16,019,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock worth $447,000 after purchasing an additional 50 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Synopsys by 11.6% in the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company's stock valued at $326,000 after buying an additional 79 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Synopsys by 15.1% in the first quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company's stock valued at $1,291,000 after buying an additional 395 shares during the period. WINTON GROUP Ltd grew its position in Synopsys by 9.2% during the second quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company's stock worth $389,000 after buying an additional 64 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Synopsys by 2.1% during the second quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company's stock worth $36,962,000 after buying an additional 1,505 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research upgraded Synopsys from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Stifel Nicolaus increased their target price on Synopsys from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Benchmark restated a "buy" rating on shares of Synopsys in a research report on Wednesday, August 19th. Bank of America boosted their price target on Synopsys from $515.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $580.00 price objective on shares of Synopsys in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $563.59.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $394.51 on Tuesday. Synopsys, Inc. has a 1 year low of $366.00 and a 1 year high of $615.79. The stock has a market capitalization of $75.54 billion, a price-to-earnings ratio of 91.32, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The company's 50 day simple moving average is $418.53 and its 200 day simple moving average is $439.92.

Synopsys (NASDAQ:SNPS - Get Free Report) last released 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 firm 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 company's quarterly revenue was up 41.9% on a year-over-year basis. During the same period in the prior year, the company earned $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. As a group, research analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insider Buying and Selling at Synopsys

In other Synopsys news, 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 value of $6,702,192.88. Following the transaction, the chief executive officer owned 75,020 shares in the company, valued at $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $450.02, for a total value of $1,527,367.88. Following the transaction, the chief financial officer directly owned 14,358 shares of the company's stock, valued at approximately $6,461,387.16. The trade was a 19.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.56% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source