ABN AMRO Bank N.V. Trims Stake in Synopsys, Inc. $SNPS

Key Points

• ABN AMRO Bank N.V. cut its Synopsys stake by 82.2% in Q1, selling 24,615 shares and ending with 5,342 shares valued at about $2.13 million.
• Synopsys executives also sold shares in June: CFO Shelagh Glaser sold 3,394 shares and CEO Sassine Ghazi sold 14,603 shares, both under pre-arranged Rule 10b5-1 plans.
• The company beat quarterly expectations, reporting $3.35 EPS on $2.28 billion in revenue, while analysts maintain a Moderate Buy consensus with an average price target of about $570.06.

ABN AMRO Bank N.V. reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 82.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,342 shares of the semiconductor company's stock after selling 24,615 shares during the quarter. ABN AMRO Bank N.V.'s holdings in Synopsys were worth $2,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its position in Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after buying an additional 50 shares during the period. Integrated Wealth Concepts LLC lifted its position in 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 purchasing an additional 79 shares during the last quarter. NewEdge Advisors LLC lifted its position in 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 purchasing an additional 395 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Synopsys by 9.2% during the second quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company's stock valued at $389,000 after purchasing an additional 64 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Synopsys by 2.1% in 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 purchasing an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Activity

In other Synopsys news, 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 value of $1,527,367.88. Following the completion of the sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction that occurred on 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 in the company, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Company insiders own 0.56% of the company's stock.

Synopsys Stock Performance

Shares of SNPS stock opened at $454.34 on Monday. The firm has a market capitalization of $87.00 billion, a price-to-earnings ratio of 105.17, a PEG ratio of 2.67 and a beta of 1.22. The stock has a fifty day moving average of $483.67 and a 200 day moving average of $462.12. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.20. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The company's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the previous 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. As a group, research analysts expect that Synopsys, Inc. will post 10.65 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $558.00 price target on shares of Synopsys in a report on Thursday, May 28th. Citigroup raised their price target on shares of Synopsys from $600.00 to $610.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Rosenblatt Securities boosted their price objective on shares of Synopsys from $530.00 to $575.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Morgan Stanley upped their price objective on shares of Synopsys from $480.00 to $525.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. Finally, Piper Sandler upgraded shares of Synopsys from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $450.00 to $550.00 in a report on Tuesday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has a consensus rating of "Moderate Buy" and an average price target of $570.06.

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.

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