Peapack Gladstone Financial Corp Boosts Stake in Synopsys, Inc. $SNPS

Peapack Gladstone Financial Corp increased its position in Synopsys, Inc. (NASDAQ:SNPS) by 666.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,391 shares of the semiconductor company’s stock after purchasing an additional 6,427 shares during the period. Peapack Gladstone Financial Corp’s holdings in Synopsys were worth $3,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SNPS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Synopsys in the 4th quarter valued at about $28,000. Oakworth Capital Inc. increased its position in Synopsys by 3,700.0% in the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in Synopsys in the 3rd quarter valued at about $38,000. N.E.W. Advisory Services LLC increased its position in Synopsys by 128.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 45 shares during the period. Finally, WealthCollab LLC increased its position in Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 41 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SNPS has been the topic of several recent research reports. Rosenblatt Securities boosted their price target on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Citigroup boosted their price target on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the company a “buy” rating in a research report on Wednesday, February 25th. BNP Paribas Exane boosted their price target on Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Finally, KeyCorp restated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $563.81.

Synopsys Stock Performance

NASDAQ SNPS opened at $508.35 on Wednesday. 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 business’s 50 day moving average is $460.81 and its two-hundred day moving average is $455.51. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The stock has a market capitalization of $97.34 billion, a price-to-earnings ratio of 117.67, a PEG ratio of 3.89 and a beta of 1.22.

Synopsys (NASDAQ:SNPS) last released 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $3.67 EPS. The firm’s quarterly revenue 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. Research analysts expect that Synopsys, Inc. will post 10.28 EPS for the current year.

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.