Assenagon Asset Management S.A. Buys 695,146 Shares of Synopsys, Inc. $SNPS

Assenagon Asset Management S.A. raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 39.5% in the second quarter, Holdings Channel reports. The institutional investor owned 2,455,402 shares of the semiconductor company’s stock after buying an additional 695,146 shares during the quarter. Synopsys comprises about 1.4% of Assenagon Asset Management S.A.’s portfolio, making the stock its 12th biggest position. Assenagon Asset Management S.A.’s holdings in Synopsys were worth $1,095,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mechanics Bank Trust Department purchased a new stake in shares of Synopsys in the second quarter worth about $219,000. Trust Asset Management LLC lifted its stake in Synopsys by 2.1% in the 2nd quarter. Trust Asset Management LLC now owns 2,076 shares of the semiconductor company’s stock worth $926,000 after purchasing an additional 43 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Synopsys by 15.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,237 shares of the semiconductor company’s stock valued at $552,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC grew its position in shares of Synopsys by 14.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,850 shares of the semiconductor company’s stock valued at $2,163,000 after purchasing an additional 603 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Synopsys by 333.3% in the second quarter. CoreCap Advisors LLC now owns 234 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 180 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $405.98 on Friday. The stock’s 50-day moving average is $434.62 and its 200 day moving average is $447.00. The stock has a market cap of $77.74 billion, a price-to-earnings ratio of 93.98, a P/E/G ratio of 2.35 and a beta of 1.23. Synopsys, Inc. has a 1-year low of $366.00 and a 1-year high of $632.99. 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) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.20. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The business’s quarterly revenue was up 41.9% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts anticipate that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

Insider Transactions at Synopsys

In other 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 value of $6,702,192.88. Following the completion of the sale, the chief executive officer owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the chief financial officer 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SNPS shares. Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $450.00 to $550.00 in a research note on Tuesday, June 23rd. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stifel Nicolaus lifted their price target on Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $580.00 price objective on shares of Synopsys in a research report on Thursday, May 28th. Finally, Berenberg Bank set a $633.00 target price on shares of Synopsys in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $570.06.

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.