Sierra Summit Advisors LLC Acquires New Position in Synopsys, Inc. $SNPS

Sierra Summit Advisors LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the first quarter, HoldingsChannel.com reports. The firm bought 17,629 shares of the semiconductor company’s stock, valued at approximately $6,990,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sankala Group LLC acquired a new position in Synopsys in the 4th quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Synopsys during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Synopsys in the fourth quarter valued at $28,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Synopsys in the fourth quarter valued at $32,000. Finally, Osbon Capital Management LLC acquired a new position in Synopsys in the fourth quarter valued at $34,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Down 3.8%

SNPS stock opened at $437.16 on Friday. 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 company has a market cap of $83.71 billion, a price-to-earnings ratio of 101.19, a PEG ratio of 2.67 and a beta of 1.22. The business has a fifty day simple moving average of $482.99 and a 200-day simple moving average of $461.51. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share 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 firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the firm earned $3.67 earnings per share. The firm’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, equities research analysts expect that Synopsys, Inc. will post 10.65 EPS for the current year.

Insider Transactions at Synopsys

In other news, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction dated 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 transaction, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. The trade was a 19.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of Synopsys 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 completion of the transaction, the chief executive officer directly owned 75,020 shares in the company, valued at $34,431,179.20. This represents a 16.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SNPS shares. Citigroup increased their target price on Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Synopsys in a report on Monday, June 8th. Wells Fargo & Company upped their price objective on shares of Synopsys from $505.00 to $535.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $580.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Finally, Rosenblatt Securities raised their target price on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $570.06.

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.