Bank of America Corp DE Acquires 352,004 Shares of Synopsys, Inc. $SNPS

Bank of America Corp DE increased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 34.0% in the first quarter, HoldingsChannel.com reports. The fund owned 1,386,817 shares of the semiconductor company’s stock after acquiring an additional 352,004 shares during the period. Bank of America Corp DE’s holdings in Synopsys were worth $549,845,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SNPS. Sankala Group LLC bought a new position in Synopsys in the 4th quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Synopsys in the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Synopsys in the fourth quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new stake in Synopsys in the fourth quarter worth about $32,000. Finally, Phillip James Consulting Co. purchased a new stake in Synopsys in the fourth quarter worth about $36,000. Institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In related news, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $458.96, for a total value of $6,702,192.88. Following the transaction, the chief executive officer owned 75,020 shares in the company, valued at $34,431,179.20. The trade was a 16.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock in a transaction dated 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 sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. This trade represents 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. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SNPS shares. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Berenberg Bank set a $633.00 price target on Synopsys in a research report on Wednesday, May 27th. Benchmark started coverage on Synopsys in a report on Wednesday, July 15th. They issued a “buy” rating and a $570.00 price objective for the company. Bank of America raised their price objective on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Rosenblatt Securities boosted their target price on shares of Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus price target of $570.06.

Synopsys Stock Up 4.4%

SNPS stock opened at $388.76 on Friday. Synopsys, Inc. has a twelve month low of $366.00 and a twelve month high of $646.28. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.44 billion, a PE ratio of 89.99, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22. The business has a 50 day moving average of $443.88 and a 200 day moving average of $450.68.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 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 the consensus estimate of $2.25 billion. During the same period in the previous year, the company posted $3.67 earnings per share. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. 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, research analysts forecast that Synopsys, Inc. will post 10.65 EPS for the current fiscal year.

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.