Bornite Capital Management LP Increases Stake in Synopsys, Inc. $SNPS

Bornite Capital Management LP raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the semiconductor company’s stock after acquiring an additional 15,000 shares during the quarter. Synopsys makes up approximately 1.8% of Bornite Capital Management LP’s investment portfolio, making the stock its 19th largest position. Bornite Capital Management LP’s holdings in Synopsys were worth $18,789,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SNPS. Aigen Investment Management LP acquired a new position in shares of Synopsys in the 4th quarter valued at $333,000. Atlas Capital Advisors Inc. acquired a new stake in Synopsys during the fourth quarter valued at $32,000. FORA Capital LLC purchased a new position in Synopsys in the fourth quarter valued at $672,000. Kestra Advisory Services LLC increased its holdings in Synopsys by 16.4% in the fourth quarter. Kestra Advisory Services LLC now owns 5,781 shares of the semiconductor company’s stock valued at $2,715,000 after buying an additional 816 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Synopsys by 184.2% in the fourth quarter. Marshall Wace LLP now owns 755,948 shares of the semiconductor company’s stock worth $355,084,000 after acquiring an additional 489,952 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Performance

SNPS opened at $453.89 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 $86.91 billion, a price-to-earnings ratio of 105.07, a PEG ratio of 2.67 and a beta of 1.22. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The firm’s fifty day simple moving average is $473.57 and its two-hundred day simple moving average is $460.43.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The business 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 earned $3.67 earnings per share. The company’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. Equities analysts anticipate that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $580.00 target price on shares of Synopsys in a research note on Thursday, May 28th. Piper Sandler lifted their price target on Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Stifel Nicolaus upped their price target on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Robert W. Baird set a $558.00 price target on Synopsys in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Synopsys in a report on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $563.81.

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.