Daiichi Life Insurance Co. Ltd. Purchases Shares of 9,655 Synopsys, Inc. $SNPS

Key Points

• Daiichi Life Insurance acquired 9,655 Synopsys shares worth approximately $4.3 million during the second quarter. Institutional investors collectively own 85.47% of SNPS.
• Synopsys exceeded quarterly expectations, reporting $3.35 in adjusted earnings per share and $2.28 billion in revenue, with revenue up 41.9% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $563.59, while CEO Sassine Ghazi and CFO Shelagh Glaser sold shares through pre-arranged plans to cover tax obligations.

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,655 shares of the semiconductor company's stock, valued at approximately $4,307,000.

Several other large investors have also recently made changes to their positions in SNPS. Brighton Jones LLC grew its holdings in Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after buying an additional 50 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Synopsys by 11.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company's stock worth $326,000 after acquiring an additional 79 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company's stock valued at $1,291,000 after acquiring an additional 395 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Synopsys by 9.2% during the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company's stock valued at $389,000 after acquiring an additional 64 shares during the last quarter. 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 valued at $36,962,000 after purchasing an additional 1,505 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SNPS shares. Bank of America boosted 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. 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. Needham & Company LLC restated a "buy" rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Robert W. Baird set a $558.00 target price on shares of Synopsys in a research report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Synopsys in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $563.59.

Synopsys Stock Performance

SNPS stock opened at $397.87 on Monday. 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, Inc. has a twelve month low of $366.00 and a twelve month high of $615.79. The stock has a market capitalization of $76.18 billion, a price-to-earnings ratio of 92.10, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. The firm's fifty day simple moving average is $419.73 and its two-hundred day simple moving average is $440.09.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share for the quarter, beating the consensus estimate 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 business's revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Transactions at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 company's stock in a transaction that occurred 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 transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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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