Westport Asset Management Inc. Buys Shares of 51,679 Synopsys, Inc. $SNPS

Westport Asset Management Inc. bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 51,679 shares of the semiconductor company’s stock, valued at approximately $23,052,000. Synopsys comprises approximately 9.4% of Westport Asset Management Inc.’s investment portfolio, making the stock its biggest holding.

Several other hedge funds also recently modified their holdings of the business. Sankala Group LLC bought a new stake in Synopsys in the fourth quarter worth $25,000. Elevation Wealth Partners LLC raised its holdings in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 27 shares in the last quarter. IMG Wealth Management Inc. bought a new position in Synopsys during the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Synopsys in the fourth quarter worth about $28,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Synopsys in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of analyst reports. BNP Paribas Exane increased their price objective on Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Stifel Nicolaus boosted their target price on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company reduced their target price on Synopsys from $535.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Robert W. Baird set a $558.00 price target on Synopsys in a report on Thursday, May 28th. Finally, Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $563.59.

Insider Buying and Selling

In other Synopsys news, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at $6,461,387.16. The trade was a 19.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Synopsys stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $458.96, for a total value of $6,702,192.88. Following the completion of the transaction, the chief executive officer directly owned 75,020 shares in the company, valued at approximately $34,431,179.20. This represents a 16.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Synopsys Stock Down 0.8%

SNPS stock opened at $401.24 on Thursday. The stock has a market capitalization of $76.83 billion, a price-to-earnings ratio of 92.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a 50-day moving average of $422.02 and a two-hundred day moving average of $440.99. Synopsys, Inc. has a 52-week low of $366.00 and a 52-week high of $615.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data 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 return on equity of 5.83% and a net margin of 8.91%.The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted $3.67 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Synopsys, Inc. will post 10.65 EPS 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.