Parnassus Investments LLC Lowers Stock Position in Synopsys, Inc. $SNPS

Parnassus Investments LLC cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,440,874 shares of the semiconductor company’s stock after selling 46,081 shares during the period. Synopsys accounts for about 1.8% of Parnassus Investments LLC’s holdings, making the stock its 25th biggest position. Parnassus Investments LLC owned approximately 0.75% of Synopsys worth $676,807,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. IFM Investors Pty Ltd grew its position in shares of Synopsys by 1.0% during the fourth quarter. IFM Investors Pty Ltd now owns 37,223 shares of the semiconductor company’s stock worth $17,484,000 after acquiring an additional 363 shares during the last quarter. SmartHarvest Portfolios LLC purchased a new position in shares of Synopsys during the fourth quarter worth approximately $411,000. ARK Investment Management LLC grew its position in shares of Synopsys by 21.1% during the fourth quarter. ARK Investment Management LLC now owns 62,431 shares of the semiconductor company’s stock worth $29,325,000 after acquiring an additional 10,873 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Synopsys by 743.6% during the fourth quarter. Primecap Management Co. CA now owns 734,800 shares of the semiconductor company’s stock worth $345,150,000 after acquiring an additional 647,700 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Synopsys by 6.7% during the fourth quarter. Empowered Funds LLC now owns 15,989 shares of the semiconductor company’s stock worth $7,510,000 after acquiring an additional 1,002 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SNPS shares. BNP Paribas Exane raised their target price on shares of Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. HSBC lowered shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research report on Friday, February 20th. Stifel Nicolaus raised their target price on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Piper Sandler lifted their price objective on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group set a $600.00 price objective on shares of Synopsys and gave the company a “buy” rating in a research report on Wednesday, February 25th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $563.81.

Synopsys Price Performance

Synopsys stock opened at $456.29 on Friday. Synopsys, Inc. has a one year low of $376.18 and a one year high of $651.73. 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 business has a fifty day moving average of $472.42 and a two-hundred day moving average of $460.47. The company has a market cap of $87.37 billion, a P/E ratio of 105.62, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22.

Synopsys (NASDAQ:SNPS) last released its quarterly 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. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.The business’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.67 EPS. 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, analysts predict that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.

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.