51,679 Shares in Synopsys, Inc. $SNPS Bought by Westport Asset Management Inc.

Key Points

• Westport Asset Management acquired 51,679 Synopsys shares worth approximately $23.1 million, making SNPS its largest portfolio holding at 9.4%. Institutional investors collectively own 85.47% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $563.59 price target, despite targets ranging from $450 to $600.
• Synopsys exceeded quarterly earnings and revenue estimates, reporting $3.35 in adjusted EPS and $2.28 billion in revenue, up 41.9% year over year. CEO and CFO share sales were conducted under pre-arranged Rule 10b5-1 plans to cover tax obligations.

Westport Asset Management Inc. bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 51,679 shares of the semiconductor company's stock, valued at approximately $23,052,000. Synopsys accounts for about 9.4% of Westport Asset Management Inc.'s investment portfolio, making the stock its largest holding.

Several other hedge funds have also modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Synopsys in the 2nd quarter valued at $18,004,000. Madison Asset Management LLC purchased a new position in Synopsys in the 2nd quarter worth about $3,933,000. Csenge Advisory Group acquired a new stake in Synopsys during the 2nd quarter worth about $331,000. AssuredPartners Investment Advisors LLC acquired a new stake in Synopsys during the 2nd quarter worth about $2,743,000. Finally, Johnson Financial Group Inc. purchased a new stake in Synopsys during the second quarter valued at about $296,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNPS. Stifel Nicolaus lifted their target price on shares of Synopsys from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Piper Sandler upgraded shares of Synopsys from a "neutral" rating to an "overweight" rating and upped their price target for the company from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Wells Fargo & Company decreased their price objective on shares of Synopsys from $535.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 11th. Rosenblatt Securities lifted their price objective on shares of Synopsys from $530.00 to $575.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Finally, KeyCorp reissued an "overweight" rating on shares of Synopsys in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Synopsys currently has a consensus rating of "Moderate Buy" and a consensus price target of $563.59.

Synopsys Stock Performance

SNPS stock opened at $401.24 on Thursday. 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 stock has a market cap of $76.83 billion, a P/E ratio of 92.88, a P/E/G ratio of 2.38 and a beta of 1.23. The firm has a 50 day simple moving average of $422.02 and a 200 day simple moving average of $440.99. Synopsys, Inc. has a 52 week low of $366.00 and a 52 week high of $615.79.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.20. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm posted $3.67 earnings per share. The firm's revenue was up 41.9% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Research analysts anticipate that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Synopsys

In related news, CEO Sassine Ghazi sold 14,603 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 75,020 shares in the company, 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 Securities & Exchange Commission, which is accessible 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 business's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 14,358 shares in the company, valued at $6,461,387.16. This trade represents 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. Insiders own 0.56% of the company's stock.

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.

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