Prosperity Consulting Group LLC Sells 3,305 Shares of Synopsys, Inc. $SNPS

Prosperity Consulting Group LLC trimmed its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 86.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 522 shares of the semiconductor company’s stock after selling 3,305 shares during the period. Prosperity Consulting Group LLC’s holdings in Synopsys were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNPS. Wealthfront Advisers LLC boosted its stake in shares of Synopsys by 10.8% in the 1st quarter. Wealthfront Advisers LLC now owns 21,327 shares of the semiconductor company’s stock worth $8,456,000 after buying an additional 2,075 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Synopsys by 1.6% in the first quarter. D.A. Davidson & CO. now owns 7,053 shares of the semiconductor company’s stock valued at $2,796,000 after acquiring an additional 110 shares during the period. Twin Capital Management Inc. bought a new position in Synopsys in the first quarter valued at about $1,399,000. Three Seasons Wealth LLC boosted its position in Synopsys by 63.4% in the first quarter. Three Seasons Wealth LLC now owns 2,788 shares of the semiconductor company’s stock worth $1,105,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Synopsys by 151.5% in the first quarter. Geneos Wealth Management Inc. now owns 83 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SNPS. Citigroup upped their price target on shares of Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities raised their price objective on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Robert W. Baird set a $558.00 target price on shares of Synopsys in a research report on Thursday, May 28th. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus price target of $570.06.

Trending Headlines about Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Benchmark upgraded Synopsys (SNPS) to strong-buy, reinforcing a bullish long-term view on AI-driven demand for electronic design automation software. Zacks.com
• Positive Sentiment: Synopsys continues to have strong analyst support overall, with brokerage ratings averaging Moderate Buy and several recent price targets well above the current share price. American Banking News
• Neutral Sentiment: New commentary suggests the recent pullback may be a “buy the dip” opportunity, but that view is still based on technical support levels rather than a new fundamental catalyst. Trefis
• Negative Sentiment: SNPS is falling alongside a broader chip and tech selloff, which is weighing on sentiment across the semiconductor group. Benzinga
• Negative Sentiment: Investors are also worried about muted growth in Synopsys’s Design IP business and export-control headwinds, which may be limiting enthusiasm despite the earnings beat. Quiver Quantitative

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 14,603 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $450.02, for a total value of $1,527,367.88. Following the completion of the transaction, the chief financial officer owned 14,358 shares of the company’s stock, valued at $6,461,387.16. The trade was 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. 0.56% of the stock is currently owned by company insiders.

Synopsys Trading Down 0.0%

Shares of Synopsys stock opened at $384.27 on Monday. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week 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 company has a market capitalization of $73.58 billion, a P/E ratio of 88.95, a P/E/G ratio of 2.26 and a beta of 1.22. The company has a fifty day moving average of $469.31 and a 200 day moving average of $458.48.

Synopsys (NASDAQ:SNPS) last posted 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. 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 earned $3.67 earnings per share. The business’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. On average, sell-side analysts anticipate 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.