Synopsys, Inc. $SNPS Shares Bought by Peregrine Capital Management LLC

Key Points

• Peregrine Capital Management increased its Synopsys stake by 11.8% in the second quarter, purchasing 5,488 additional shares and bringing its holdings to 51,940 shares valued at approximately $23.2 million.
• Institutional investors own 85.47% of Synopsys, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $565.06.
• Synopsys exceeded quarterly earnings and revenue expectations, reporting $3.35 in EPS and $2.28 billion in revenue, up 41.9% year over year; however, the CEO and CFO sold shares under pre-arranged plans to cover tax obligations.

Peregrine Capital Management LLC lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,940 shares of the semiconductor company's stock after acquiring an additional 5,488 shares during the quarter. Synopsys accounts for about 0.8% of Peregrine Capital Management LLC's investment portfolio, making the stock its 22nd biggest position. Peregrine Capital Management LLC's holdings in Synopsys were worth $23,169,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SNPS. Sankala Group LLC purchased a new position in Synopsys in the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC increased its holdings 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 purchasing an additional 27 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Synopsys during the 4th quarter worth approximately $28,000. IMG Wealth Management Inc. acquired a new position in shares of Synopsys in the 1st quarter valued at approximately $30,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Synopsys in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $558.00 price target on shares of Synopsys in a research report on Thursday, May 28th. KeyCorp reaffirmed an "overweight" rating on shares of Synopsys in a report on Thursday, May 28th. Stifel Nicolaus increased their price objective on shares of Synopsys from $550.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a report on Wednesday, May 27th. Finally, Zacks Research raised shares of Synopsys from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Two equities research 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 company's stock. According to data from MarketBeat.com, Synopsys presently has a consensus rating of "Moderate Buy" and a consensus price target of $565.06.

Key Stories Impacting Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Synopsys’ AI initiatives across chip design, verification and simulation could improve customer productivity and reinforce its position in the semiconductor software market. This supports the long-term growth case, particularly as demand for AI chips expands. Can SNPS Leverage AI to Accelerate Chip Design and Drive Growth?
• Positive Sentiment: Recent coverage remains bullish on Synopsys’ potential to reach $650, citing approximately 42% revenue growth, raised guidance and the completed $35 billion acquisition. However, the price target is speculative and depends on investors assigning greater value to the company’s growth prospects. Prediction: Synopsys Will Hit $650 on This Date
• Positive Sentiment: Strength in memory and storage stocks, along with continued investor demand for semiconductor-focused ETFs, indicates that enthusiasm for AI and the broader chip ecosystem remains supportive for Synopsys’ electronic-design-automation business. Memory Stocks Stay Strong With SanDisk, SK Hynix, and Western Digital Leading the Storage Stack
• Neutral Sentiment: General Counsel Janet Lee is leaving the role but transitioning to an advisory position. The orderly handoff may limit disruption, although leadership changes can create near-term uncertainty. Synopsys Announces General Counsel Janet Lee's Departure and Advisory Role Transition
• Negative Sentiment: Wells Fargo lowered its expectations for Synopsys’ stock, which can weigh on sentiment and reinforce concerns that the shares’ valuation does not yet reflect the company’s growth potential. Wells Fargo Has Lowered Expectations for Synopsys Stock Price
• Negative Sentiment: Fidelity’s warning that the semiconductor cycle may be nearing a peak introduces a broader sector risk. If chip spending or AI-related enthusiasm cools, high-growth suppliers such as Synopsys could face valuation pressure despite solid fundamentals. Semiconductor Flows Stay Sticky Despite Cycle-Peak Warning

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the sale, the chief executive officer directly owned 75,020 shares of the company's stock, valued at approximately $34,431,179.20. This represents a 16.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm'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 transaction, the chief financial officer owned 14,358 shares in the company, valued at approximately $6,461,387.16. The trade was a 19.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.56% of the stock is currently owned by corporate insiders.

Synopsys Price Performance

Shares of SNPS opened at $411.75 on Friday. The firm has a market cap of $78.84 billion, a price-to-earnings ratio of 95.31, a PEG ratio of 2.42 and a beta of 1.23. The stock has a 50 day moving average of $426.49 and a 200-day moving average of $443.50. 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, Inc. has a 52 week low of $366.00 and a 52 week high of $626.24.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.20. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company posted $3.67 EPS. The business's revenue 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, analysts forecast that Synopsys, Inc. will post 10.65 EPS for the current year.

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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