QRG Capital Management Inc. Sells 6,745 Shares of Synopsys, Inc. $SNPS

Key Points

• QRG Capital Management cut its Synopsys stake by 38.6% in the second quarter, selling 6,745 shares and retaining 10,739 shares worth approximately $4.79 million. Institutional investors collectively own 85.47% of the company.
• Synopsys exceeded quarterly expectations with adjusted earnings of $3.35 per share versus the $3.15 consensus estimate, while revenue rose 41.9% year over year to $2.28 billion.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $565.06, although Wells Fargo recently lowered its target to $450 and insiders sold shares under pre-arranged plans.

QRG Capital Management Inc. lessened its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 38.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,739 shares of the semiconductor company's stock after selling 6,745 shares during the period. QRG Capital Management Inc.'s holdings in Synopsys were worth $4,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Synopsys by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 18,464,862 shares of the semiconductor company's stock valued at $8,673,315,000 after buying an additional 283,677 shares in the last quarter. State Street Corp raised its stake in shares of Synopsys by 0.3% during the 4th quarter. State Street Corp now owns 8,788,890 shares of the semiconductor company's stock worth $4,128,317,000 after acquiring an additional 28,532 shares in the last quarter. Morgan Stanley lifted its position in Synopsys by 2.5% during the fourth quarter. Morgan Stanley now owns 4,573,980 shares of the semiconductor company's stock valued at $2,148,491,000 after acquiring an additional 109,917 shares during the last quarter. Geode Capital Management LLC lifted its position in Synopsys by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company's stock valued at $2,017,256,000 after acquiring an additional 54,329 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Synopsys by 17.0% in the fourth quarter. Van ECK Associates Corp now owns 2,593,619 shares of the semiconductor company's stock valued at $1,218,275,000 after acquiring an additional 376,711 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 75,020 shares in the company, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their position. The transaction 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. 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 stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. This 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. Insiders own 0.56% of the company's stock.

Synopsys Trading Up 0.3%

Shares of Synopsys stock opened at $412.32 on Thursday. The firm's 50 day simple moving average is $428.15 and its two-hundred day simple moving average is $444.13. The firm has a market capitalization of $78.95 billion, a price-to-earnings ratio of 95.44, a PEG ratio of 2.41 and a beta of 1.23. Synopsys, Inc. has a 12-month low of $366.00 and a 12-month high of $628.89. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.15 by $0.20. The business had revenue of $2.28 billion during 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% compared to the same quarter last year. During the same period in the previous 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. Analysts predict that Synopsys, Inc. will post 10.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Robert W. Baird set a $558.00 price target on Synopsys in a research report on Thursday, May 28th. Stifel Nicolaus raised their price objective on Synopsys from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Weiss Ratings restated a "hold (c-)" rating on shares of Synopsys in a research note on Monday, June 8th. Citigroup upped their target price on Synopsys from $600.00 to $610.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Finally, Rosenblatt Securities increased their price target on Synopsys from $530.00 to $575.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $565.06.

Key Stories Impacting Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Synopsys is expanding its use of AI in chip design, verification and simulation. These tools can improve engineering productivity and reinforce the company’s role in the semiconductor supply chain as demand for AI chips grows. Can SNPS Leverage AI to Accelerate Chip Design and Drive Growth?
• Positive Sentiment: The company is making a major push into agentic AI engineering software, developed in collaboration with Nvidia. The technology could create new growth opportunities by automating portions of chip-to-system development and strengthening Synopsys’ exposure to AI infrastructure. Synopsys Bets Big on Agentic AI
• Positive Sentiment: Despite a recent decline in the shares, analysts and market commentary continue to point to Synopsys’ recurring revenue base, AI exposure and Ansys acquisition as supports for longer-term growth. Its latest reported quarter also included revenue growth of 41.9% year over year and an earnings beat.
• Positive Sentiment: The broader Nvidia-led AI ecosystem remains a potential tailwind for Synopsys because the company provides software used to design and validate advanced chips. Nvidia’s expanding influence in AI investment and data centers could increase demand for semiconductor design tools. Nvidia Will Be the World’s First $10 Trillion Company
• Neutral Sentiment: Synopsys announced that General Counsel Janet Lee will step down, with Cor... identified as part of the transition. The leadership change may receive limited market attention unless additional details indicate an operational or governance concern. Synopsys Announces Transition of General Counsel Role
• Neutral Sentiment: An average analyst price target of $570.06 suggests substantial potential upside, but the figure does not represent a new rating or estimate revision and therefore may have limited immediate impact.
• Negative Sentiment: Wells Fargo lowered its price target from $535 to $450 and maintained an “equal weight” rating. Although the revised target remains above the recent trading level, the cut signals more cautious expectations and may weigh on sentiment. Wells Fargo Price Target Update

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.

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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