Kestra Private Wealth Services LLC Reduces Position in Synopsys, Inc. $SNPS

Kestra Private Wealth Services LLC trimmed its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 30.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,050 shares of the semiconductor company’s stock after selling 1,360 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Synopsys were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after acquiring an additional 1,990,608 shares during the last quarter. Coatue Management LLC bought a new position in Synopsys during the third quarter valued at approximately $892,605,000. Capital Research Global Investors lifted its position in Synopsys by 226.6% during the third quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after purchasing an additional 1,751,432 shares during the period. Norges Bank purchased a new stake in Synopsys in the fourth quarter worth approximately $730,197,000. Finally, State Street Corp boosted its holdings in Synopsys by 20.6% in the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock worth $4,322,273,000 after purchasing an additional 1,493,912 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNPS shares. Piper Sandler upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $450.00 to $550.00 in a research note on Tuesday, June 23rd. Citigroup raised their price target on Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. KeyCorp reaffirmed an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. Finally, Bank of America increased their target price on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and a consensus price target of $570.06.

Insider Activity

In related news, CEO Sassine Ghazi sold 14,603 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. This represents a 16.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, CFO Shelagh Glaser sold 3,394 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the sale, the chief financial officer owned 14,358 shares in the company, valued at approximately $6,461,387.16. The trade was a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.56% of the stock is owned by company insiders.

Synopsys Trading Down 0.3%

Shares of SNPS stock opened at $446.07 on Wednesday. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73. The firm has a fifty day moving average price of $483.72 and a 200-day moving average price of $461.78. 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 $85.41 billion, a price-to-earnings ratio of 103.26, a PEG ratio of 2.63 and a beta of 1.22.

Synopsys (NASDAQ:SNPS) last announced 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. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.Synopsys’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the firm 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.

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.