Engineers Gate Manager LP Acquires 10,363 Shares of Synopsys, Inc. $SNPS

Engineers Gate Manager LP boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 172.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,365 shares of the semiconductor company's stock after buying an additional 10,363 shares during the period. Engineers Gate Manager LP's holdings in Synopsys were worth $7,300,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Sankala Group LLC bought a new position in shares of Synopsys in the fourth quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its holdings 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 in the last quarter. Osbon Capital Management LLC bought a new stake in Synopsys during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Synopsys in the 4th quarter valued at $28,000. Finally, IMG Wealth Management Inc. purchased a new stake in Synopsys in the 2nd quarter valued at $28,000. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Up 0.1%

Shares of Synopsys stock opened at $397.38 on Friday. The firm has a market cap of $76.15 billion, a PE ratio of 70.21, a P/E/G ratio of 2.18 and a beta of 1.23. Synopsys, Inc. has a 1 year low of $366.00 and a 1 year high of $539.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a fifty day moving average price of $407.30 and a 200-day moving average price of $438.00.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company posted $3.39 earnings per share. The firm's quarterly revenue was up 42.4% compared to the same quarter last year. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Equities research analysts anticipate that Synopsys, Inc. will post 10.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $580.00 price objective on shares of Synopsys in a report on Thursday, August 27th. Morgan Stanley lowered their target price on shares of Synopsys from $525.00 to $500.00 and set an "equal weight" rating for the company in a report on Wednesday, August 19th. Piper Sandler raised shares of Synopsys from a "neutral" rating to an "overweight" rating and raised their price target for the company from $450.00 to $550.00 in a research report on Tuesday, June 23rd. 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 report on Thursday, May 28th. Finally, Weiss Ratings raised shares of Synopsys from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 27th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $562.67.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of the business's stock in a transaction on Monday, June 15th. The stock was 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 $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 SEC, which is available 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, insider Aart de Geus sold 25,000 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total value of $11,044,000.00. Following the transaction, the insider directly owned 120,421 shares in the company, valued at $53,197,180.96. This represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 89,244 shares of company stock valued at $39,220,364. 0.56% of the stock is owned by corporate insiders.

Synopsys Company Profile

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and related services. Its products help semiconductor and electronics companies design, verify, test and manufacture integrated circuits and complex electronic systems.

The company's EDA portfolio includes tools for digital and analog design, simulation, verification, physical implementation, signoff and manufacturing preparation. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, embedded memories and security-related components, which customers can incorporate into system-on-chip designs.

Synopsys additionally offers software integrity and application security solutions that help organizations identify and manage vulnerabilities and risks in the software development lifecycle.

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