Intrinsic Edge Capital Management LLC Acquires New Shares in Synopsys, Inc. $SNPS

Intrinsic Edge Capital Management LLC acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 10,000 shares of the semiconductor company’s stock, valued at approximately $4,934,000.

A number of other institutional investors have also recently made changes to their positions in SNPS. Vanguard Group Inc. raised its holdings in shares of Synopsys by 20.7% during the third quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after purchasing an additional 3,120,401 shares during the last quarter. State Street Corp boosted its holdings in Synopsys by 1.2% in the second quarter. State Street Corp now owns 7,266,446 shares of the semiconductor company’s stock worth $3,725,362,000 after purchasing an additional 85,662 shares during the last quarter. Geode Capital Management LLC grew its position in Synopsys by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock worth $1,810,214,000 after purchasing an additional 51,043 shares during the period. Victory Capital Management Inc. raised its stake in Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after buying an additional 1,990,608 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Synopsys by 29.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock valued at $1,333,095,000 after buying an additional 585,494 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Down 0.1%

SNPS stock opened at $424.32 on Wednesday. The business’s 50-day moving average price is $469.06 and its 200-day moving average price is $472.50. The stock has a market cap of $81.28 billion, a P/E ratio of 65.89, a PEG ratio of 3.45 and a beta of 1.15. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.21. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Synopsys had a net margin of 13.76% and a return on equity of 6.83%. The firm’s revenue was up 65.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.03 EPS. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. On average, equities research analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Insiders Place Their Bets

In related news, insider Janet Lee sold 250 shares of Synopsys stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total transaction of $132,500.00. Following the transaction, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total value of $1,685,035.89. Following the completion of the sale, the chief financial officer owned 17,842 shares of the company’s stock, valued at $8,221,058.34. The trade was a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,157 shares of company stock worth $1,945,036. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Citigroup started coverage on Synopsys in a research note on Monday, November 24th. They set a “buy” rating and a $580.00 price target for the company. The Goldman Sachs Group set a $600.00 price target on shares of Synopsys and gave the company a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $531.00.

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.