Westpac Banking Corp Has $569,000 Stock Position in Synopsys, Inc. $SNPS

Westpac Banking Corp lessened its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 74.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,211 shares of the semiconductor company’s stock after selling 3,476 shares during the quarter. Westpac Banking Corp’s holdings in Synopsys were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys during the fourth quarter worth $28,000. Oakworth Capital Inc. lifted its holdings in shares of Synopsys by 3,700.0% during the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 74 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Synopsys during the 3rd quarter worth about $38,000. N.E.W. Advisory Services LLC boosted its position in shares of Synopsys by 128.6% during 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 in the last quarter. Finally, WealthCollab LLC raised its position in Synopsys by 110.8% in the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 41 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Rosenblatt Securities lifted their price objective on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 price target on shares of Synopsys in a research note on Thursday, May 28th. Piper Sandler upped their price target on Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a report on Friday, February 20th. Finally, Wells Fargo & Company increased their target price on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Hold” and a consensus price target of $563.81.

Synopsys Price Performance

Synopsys stock opened at $494.48 on Friday. The stock has a market cap of $94.68 billion, a price-to-earnings ratio of 114.46, a P/E/G ratio of 3.03 and a beta of 1.22. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. 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 business’s 50-day simple moving average is $465.46 and its 200 day simple moving average is $457.75.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.15 by $0.20. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company posted $3.67 EPS. The business’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. As a group, research analysts anticipate that Synopsys, Inc. will post 10.28 earnings per share for the current 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.