Synopsys, Inc. $SNPS Shares Sold by Burney Co.

Burney Co. lowered its stake in Synopsys, Inc. (NASDAQ:SNPS) by 51.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,497 shares of the semiconductor company’s stock after selling 2,618 shares during the quarter. Burney Co.’s holdings in Synopsys were worth $990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNPS. China Universal Asset Management Co. Ltd. grew its position in Synopsys by 31.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock worth $6,957,000 after buying an additional 3,575 shares during the last quarter. SeaTown Holdings Pte. Ltd. lifted its position in shares of Synopsys by 55.9% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after acquiring an additional 8,000 shares during the last quarter. Norges Bank acquired a new stake in shares of Synopsys during the 4th quarter valued at $730,197,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Synopsys by 11.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,369 shares of the semiconductor company’s stock worth $61,707,000 after acquiring an additional 13,320 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in shares of Synopsys by 5,701.2% in the 4th quarter. Douglas Lane & Associates LLC now owns 48,730 shares of the semiconductor company’s stock worth $22,889,000 after acquiring an additional 47,890 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling

In other news, CFO Shelagh Glaser sold 3,394 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the firm’s stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. 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 owned by corporate insiders.

Synopsys Stock Performance

Shares of SNPS stock opened at $443.37 on Friday. The company has a market capitalization of $84.90 billion, a price-to-earnings ratio of 102.63, a P/E/G ratio of 2.55 and a beta of 1.22. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $478.52 and its 200-day simple moving average is $460.81.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the business earned $3.67 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SNPS has been the topic of a number of recent analyst reports. Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Wells Fargo & Company lifted their price target on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Rosenblatt Securities boosted their price objective on Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and an average price target of $570.06.

Synopsys Company 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.