Dream Peak Capital Ltd bought a new stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 297,244 shares of the semiconductor company’s stock, valued at approximately $132,592,000. Synopsys accounts for about 13.1% of Dream Peak Capital Ltd’s investment portfolio, making the stock its 6th biggest holding. Dream Peak Capital Ltd owned approximately 0.16% of Synopsys as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Sankala Group LLC bought a new stake in Synopsys in the fourth quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted its stake in shares of Synopsys by 96.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 27 shares during the period. IMG Wealth Management Inc. bought a new position in shares of Synopsys during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Synopsys during the 4th quarter worth approximately $28,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Synopsys during the 4th quarter worth approximately $32,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Stock Performance
NASDAQ:SNPS opened at $397.87 on Friday. The stock has a market cap of $76.18 billion, a P/E ratio of 92.10, a PEG ratio of 2.34 and a beta of 1.23. The stock has a 50 day simple moving average of $419.73 and a 200 day simple moving average of $440.22. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 1-year low of $366.00 and a 1-year high of $615.79.
Insider Transactions at Synopsys
In other news, CEO Sassine Ghazi sold 14,603 shares of the business’s stock in a transaction dated 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 owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the completion of the transaction, the chief financial officer owned 14,358 shares in the company, valued at $6,461,387.16. This trade represents a 19.12% 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. Insiders own 0.56% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Synopsys from $525.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Benchmark reissued a “buy” rating on shares of Synopsys in a research report on Wednesday. BNP Paribas Exane raised their target price on shares of Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Finally, Berenberg Bank set a $633.00 target price on shares of Synopsys in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $563.59.
Read Our Latest Stock Analysis on Synopsys
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.
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