Atlas Wealth LLC acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the first quarter, Holdings Channel.com reports. The fund acquired 5,687 shares of the semiconductor company’s stock, valued at approximately $2,255,000.
Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC increased its stake in Synopsys by 2.0% in the 4th quarter. Sowell Financial Services LLC now owns 1,056 shares of the semiconductor company’s stock worth $496,000 after purchasing an additional 21 shares during the period. Natural Investments LLC boosted its stake in shares of Synopsys by 4.6% during the 4th quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 21 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Synopsys by 7.0% during the 4th quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 22 shares during the period. Foronjy Financial LLC raised its holdings in Synopsys by 5.2% in the fourth quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 22 shares in the last quarter. Finally, Barden Capital Management Inc. lifted its position in Synopsys by 1.2% during the 4th quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is currently owned by institutional investors.
Synopsys Stock Down 7.9%
Shares of NASDAQ SNPS opened at $384.27 on Friday. Synopsys, Inc. has a 52-week low of $366.00 and a 52-week high of $651.73. The firm has a market capitalization of $73.58 billion, a price-to-earnings ratio of 88.95, a PEG ratio of 2.45 and a beta of 1.22. The stock has a 50 day moving average price of $469.31 and a 200 day moving average price of $458.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on SNPS shares. Needham & Company LLC reissued a “buy” rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday, May 28th. Benchmark assumed coverage on Synopsys in a research report on Wednesday. They set a “buy” rating and a $570.00 price objective for the company. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Bank of America raised their price objective on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley upped their price target on Synopsys from $480.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus target price of $570.06.
Read Our Latest Analysis on SNPS
Insider Buying and Selling at Synopsys
In related 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 completion of the sale, the chief financial officer directly owned 14,358 shares in the company, valued at $6,461,387.16. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the completion of the sale, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. This trade represents a 16.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.
Trending Headlines about Synopsys
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: Benchmark upgraded Synopsys (SNPS) to strong-buy, reinforcing a bullish long-term view on AI-driven demand for electronic design automation software. Zacks.com
- Positive Sentiment: Synopsys continues to have strong analyst support overall, with brokerage ratings averaging Moderate Buy and several recent price targets well above the current share price. American Banking News
- Neutral Sentiment: New commentary suggests the recent pullback may be a “buy the dip” opportunity, but that view is still based on technical support levels rather than a new fundamental catalyst. Trefis
- Negative Sentiment: SNPS is falling alongside a broader chip and tech selloff, which is weighing on sentiment across the semiconductor group. Benzinga
- Negative Sentiment: Investors are also worried about muted growth in Synopsys’s Design IP business and export-control headwinds, which may be limiting enthusiasm despite the earnings beat. Quiver Quantitative
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.
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