Pallas Capital Advisors LLC Purchases Shares of 3,052 Synopsys, Inc. $SNPS

Key Points

• Pallas Capital Advisors purchased 3,052 Synopsys shares worth approximately $1.36 million, while institutional investors collectively own 85.47% of the company.
• Analyst sentiment remains positive, with Synopsys holding a consensus “Moderate Buy” rating and an average price target of $565.06, despite differing individual recommendations.
• Synopsys exceeded quarterly earnings expectations, reporting $3.35 in EPS and $2.28 billion in revenue, with revenue rising 41.9% year over year. Separately, the CEO and CFO sold shares under pre-arranged trading plans.

Pallas Capital Advisors LLC purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,052 shares of the semiconductor company's stock, valued at approximately $1,361,000.

Several other large investors have also modified their holdings of the company. Sankala Group LLC acquired a new position in Synopsys in the 4th quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in Synopsys by 96.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 27 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Synopsys during the 4th quarter worth $28,000. Atlas Capital Advisors Inc. bought a new stake in Synopsys during the fourth quarter valued at about $32,000. Finally, Phillip James Consulting Co. acquired a new stake in shares of Synopsys in the fourth quarter valued at about $36,000. 85.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SNPS shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Synopsys in a research report on Monday, June 8th. Rosenblatt Securities raised their target price on Synopsys from $530.00 to $575.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $580.00 price target on shares of Synopsys in a research report on Thursday, May 28th. Wells Fargo & Company cut their price target on Synopsys from $535.00 to $450.00 and set an "equal weight" rating for the company in a report on Tuesday, August 11th. Finally, Zacks Research raised Synopsys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $565.06.

Insider Buying and Selling

In other news, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction that occurred on 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 sale, the chief financial officer owned 14,358 shares of the company's stock, valued at approximately $6,461,387.16. This trade represents a 19.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 business's 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 owned 75,020 shares in the company, valued at approximately $34,431,179.20. This represents a 16.29% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.56% of the stock is currently owned by company insiders.

Synopsys Stock Performance

NASDAQ:SNPS opened at $404.41 on Wednesday. The firm's 50-day moving average is $423.21 and its 200-day moving average is $441.54. The company has a market cap of $77.44 billion, a price-to-earnings ratio of 93.61, a PEG ratio of 2.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. Synopsys, Inc. has a 52-week low of $366.00 and a 52-week high of $624.82.

Synopsys (NASDAQ:SNPS - Get Free Report) last released 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. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter last year, the company earned $3.67 earnings per share. The firm's revenue was up 41.9% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Equities research analysts anticipate that Synopsys, Inc. will post 10.65 earnings per share for the current year.

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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