Synopsys, Inc. $SNPS Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lessened its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,440,874 shares of the semiconductor company’s stock after selling 46,081 shares during the period. Synopsys makes up approximately 1.8% of Parnassus Investments LLC’s investment portfolio, making the stock its 25th largest position. Parnassus Investments LLC’s holdings in Synopsys were worth $676,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. IFM Investors Pty Ltd raised its stake in shares of Synopsys by 1.0% during the 4th quarter. IFM Investors Pty Ltd now owns 37,223 shares of the semiconductor company’s stock worth $17,484,000 after buying an additional 363 shares during the last quarter. SmartHarvest Portfolios LLC acquired a new position in Synopsys in the 4th quarter valued at about $411,000. ARK Investment Management LLC raised its stake in Synopsys by 21.1% in the 4th quarter. ARK Investment Management LLC now owns 62,431 shares of the semiconductor company’s stock valued at $29,325,000 after purchasing an additional 10,873 shares during the last quarter. Primecap Management Co. CA raised its stake in Synopsys by 743.6% in the 4th quarter. Primecap Management Co. CA now owns 734,800 shares of the semiconductor company’s stock valued at $345,150,000 after purchasing an additional 647,700 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Synopsys by 6.7% in the 4th quarter. Empowered Funds LLC now owns 15,989 shares of the semiconductor company’s stock valued at $7,510,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNPS shares. Bank of America boosted their target price on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. BNP Paribas Exane boosted their target price on shares of Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price for the company. in a research note on Friday, February 20th. The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Synopsys in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Synopsys presently has an average rating of “Hold” and an average target price of $563.81.

Synopsys Trading Down 0.9%

NASDAQ SNPS opened at $456.29 on Friday. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a 50-day moving average of $472.42 and a 200-day moving average of $460.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The company has a market cap of $87.37 billion, a P/E ratio of 105.62, a P/E/G ratio of 2.71 and a beta of 1.22.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The company’s revenue was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.67 EPS. 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, equities analysts predict that Synopsys, Inc. will post 10.65 earnings per share for the current year.

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.