Diversify Wealth Management LLC Increases Holdings in Synopsys, Inc. $SNPS

Key Points

• Diversify Wealth Management LLC more than doubled its Synopsys position in the first quarter, increasing holdings by 118.9% to 4,844 shares worth about $1.92 million.
• Synopsys reported better-than-expected quarterly results, posting $3.35 EPS versus $3.15 expected and revenue of $2.28 billion, up 41.9% from a year earlier.
• Despite the strong earnings, the stock was down 1.8% to $425.90, while analysts remained mixed but overall held a Moderate Buy consensus with an average target price of $570.06.

Diversify Wealth Management LLC lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 118.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,844 shares of the semiconductor company's stock after acquiring an additional 2,631 shares during the period. Diversify Wealth Management LLC's holdings in Synopsys were worth $1,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Sankala Group LLC purchased a new position in Synopsys in the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Synopsys during the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in Synopsys during the 4th quarter valued at approximately $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $32,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Synopsys in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Synopsys Stock Down 1.8%

NASDAQ SNPS opened at $425.90 on Wednesday. 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 company has a market capitalization of $81.55 billion, a P/E ratio of 98.59, a P/E/G ratio of 2.55 and a beta of 1.22. Synopsys, Inc. has a one year low of $376.18 and a one year high of $651.73. The stock has a 50 day moving average price of $475.30 and a 200-day moving average price of $459.92.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share 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 during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the firm posted $3.67 earnings per share. Synopsys's revenue for the quarter was up 41.9% compared to the same quarter last year. 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, equities analysts predict that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 75,020 shares of the company's stock, valued at $34,431,179.20. This trade represents a 16.29% decrease in their position. 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. 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 transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer owned 14,358 shares in the company, valued at approximately $6,461,387.16. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SNPS. Citigroup upped their target price on shares of Synopsys from $600.00 to $610.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Synopsys in a report on Monday, June 8th. BNP Paribas Exane boosted their price target on shares of Synopsys from $425.00 to $450.00 and gave the stock an "underperform" rating in a research note on Thursday, May 28th. Bank of America increased their price objective on shares of Synopsys from $515.00 to $600.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Finally, Berenberg Bank set a $633.00 price objective on shares of Synopsys in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of "Moderate Buy" and an average target price 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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