Deepwater Asset Management LLC Purchases New Holdings in Synopsys, Inc. $SNPS

Deepwater Asset Management LLC acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,551 shares of the semiconductor company’s stock, valued at approximately $1,584,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SNPS. Sankala Group LLC purchased a new position in shares of Synopsys during the fourth quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its stake in shares of Synopsys by 96.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after buying an additional 27 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Synopsys during the 4th quarter valued at approximately $28,000. IMG Wealth Management Inc. purchased a new position in Synopsys during the second quarter valued at $28,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Synopsys during the fourth quarter valued at $32,000. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, CFO Shelagh Glaser sold 3,394 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer directly 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. The sale was disclosed in a filing with the SEC, 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 company’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 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. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.56% of the company’s stock.

Synopsys Stock Down 2.1%

Synopsys stock opened at $404.41 on Wednesday. Synopsys, Inc. has a one year low of $366.00 and a one year high of $624.82. The stock has a fifty day moving average of $423.21 and a 200 day moving average of $441.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The stock has a market cap of $77.44 billion, a PE ratio of 93.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23.

Synopsys (NASDAQ:SNPS) last announced its earnings results 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 business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the firm posted $3.67 earnings per share. 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. As a group, sell-side analysts predict that Synopsys, Inc. will post 10.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley lifted their target price on Synopsys from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $580.00 price target on shares of Synopsys in a research note on Thursday, May 28th. Finally, Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and upped their price target for the company from $450.00 to $550.00 in a report on Tuesday, June 23rd. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $565.06.

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.