Deepwater Asset Management LLC Acquires Shares of 1,903 Synopsys, Inc. $SNPS

Deepwater Asset Management LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,903 shares of the semiconductor company’s stock, valued at approximately $939,000. Synopsys comprises about 0.4% of Deepwater Asset Management LLC’s portfolio, making the stock its 26th largest position.

A number of other large investors also recently modified their holdings of the stock. Alpine Bank Wealth Management lifted its holdings in Synopsys by 89.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock worth $26,000 after buying an additional 25 shares in the last quarter. TFC Financial Management Inc. increased its stake in shares of Synopsys by 1,250.0% in the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 50 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Synopsys during the third quarter worth $27,000. SOA Wealth Advisors LLC. acquired a new position in shares of Synopsys during the third quarter valued at $28,000. Finally, McIlrath & Eck LLC acquired a new position in shares of Synopsys during the third quarter valued at $29,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

SNPS opened at $424.32 on Wednesday. The stock has a market cap of $81.28 billion, a P/E ratio of 65.89, a P/E/G ratio of 3.45 and a beta of 1.15. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $469.06 and a 200 day simple moving average of $472.50.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, February 25th. The semiconductor company reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.21. Synopsys had a return on equity of 6.83% and a net margin of 13.76%.The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. The company’s revenue was up 65.6% on a year-over-year basis. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. On average, research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SNPS. Bank of America upgraded Synopsys from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $525.00 to $500.00 in a research report on Monday, December 8th. Piper Sandler lowered their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group set a $600.00 price target on shares of Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a research note on Friday, February 20th. Finally, Citigroup assumed coverage on shares of Synopsys in a research report on Monday, November 24th. They set a “buy” rating and a $580.00 target price for the company. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Hold” and a consensus price target of $531.00.

Insider Activity at Synopsys

In related news, insider Janet Lee sold 250 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total transaction of $132,500.00. Following the sale, the insider directly owned 11,959 shares in the company, valued at $6,338,270. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the sale, the chief financial officer directly owned 17,842 shares in the company, valued at $8,221,058.34. This represents a 17.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,157 shares of company stock worth $1,945,036 over the last 90 days. Corporate insiders own 0.56% of the company’s stock.

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.