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Asset One Wealth Management LLC Makes New $3.68 Million Investment in Synopsys, Inc. $SNPS

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Key Points

  • Asset One Wealth Management acquired 8,648 Synopsys shares worth approximately $3.68 million in the second quarter. Institutional investors and hedge funds collectively own 85.47% of SNPS.
  • Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $563.59; targets range from $450 to $633.
  • Synopsys exceeded quarterly estimates, reporting $3.35 in EPS and $2.28 billion in revenue, up 41.9% year over year. Meanwhile, CEO Sassine Ghazi and CFO Shelagh Glaser sold shares under pre-arranged Rule 10b5-1 plans.
  • MarketBeat previews top five stocks to own in September.

Asset One Wealth Management LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,648 shares of the semiconductor company's stock, valued at approximately $3,678,000.

Several other institutional investors also recently bought and sold shares of the business. Sankala Group LLC purchased a new stake in shares of Synopsys in the fourth quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company's stock worth $25,000 after buying an additional 27 shares during the period. Osbon Capital Management LLC acquired a new stake in Synopsys in the 2nd quarter worth about $25,000. IMG Wealth Management Inc. acquired a new stake in Synopsys in the 2nd quarter worth about $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Synopsys in the 4th quarter worth about $28,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on SNPS. Needham & Company LLC reaffirmed a "buy" rating and set a $580.00 price objective on shares of Synopsys in a research note on Thursday, May 28th. Berenberg Bank set a $633.00 target price on shares of Synopsys in a research report on Wednesday, May 27th. Piper Sandler upgraded shares of Synopsys from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $450.00 to $550.00 in a report on Tuesday, June 23rd. BNP Paribas Exane upped their price target on shares of Synopsys from $425.00 to $450.00 and gave the stock an "underperform" rating in a research report on Thursday, May 28th. Finally, Bank of America upped their price target on shares of Synopsys from $515.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $563.59.

View Our Latest Stock Report on Synopsys

Synopsys Price Performance

SNPS stock opened at $397.87 on Monday. The company has a market cap of $76.18 billion, a PE ratio of 92.10, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $419.73 and a two-hundred day moving average price of $440.09. Synopsys, Inc. has a 12-month low of $366.00 and a 12-month high of $615.79.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.20. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $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 predict that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Buying and Selling at Synopsys

In related news, CFO Shelagh Glaser sold 3,394 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 14,358 shares in the company, valued at approximately $6,461,387.16. This represents a 19.12% decrease in their position. The sale was disclosed in a document filed 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. Also, CEO Sassine Ghazi sold 14,603 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 75,020 shares in the company, valued at $34,431,179.20. This trade represents 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. 0.56% of the stock is owned by corporate insiders.

Synopsys Profile

(Free Report)

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.

See Also

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).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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.

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