Citizens Financial Group Inc. RI Buys New Position in Synopsys, Inc. $SNPS

Citizens Financial Group Inc. RI purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,893 shares of the semiconductor company’s stock, valued at approximately $1,290,000.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Synopsys during the 2nd quarter valued at $747,400,000. China Universal Asset Management Co. Ltd. grew its holdings in Synopsys by 31.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock worth $6,957,000 after purchasing an additional 3,575 shares during the period. Norges Bank bought a new stake in Synopsys in the fourth quarter valued at $730,197,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Synopsys in the 4th quarter valued at about $1,699,000. Finally, Mizuho Markets Americas LLC bought a new stake in Synopsys in the 1st quarter valued at about $20,182,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 2.1%

Shares of Synopsys stock opened at $404.41 on Wednesday. The company has a market capitalization of $77.44 billion, a P/E ratio of 93.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.23. The stock has a fifty day simple moving average of $423.21 and a 200 day simple moving average of $441.54. Synopsys, Inc. has a 12-month low of $366.00 and a 12-month high of $624.82. 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 (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 the consensus estimate of $3.15 by $0.20. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business posted $3.67 EPS. The business’s revenue was up 41.9% compared to the same quarter last year. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. On average, sell-side analysts anticipate that Synopsys, Inc. will post 10.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on SNPS. Robert W. Baird set a $558.00 price target on Synopsys in a report on Thursday, May 28th. Benchmark started coverage on Synopsys in a report on Wednesday, July 15th. They set a “buy” rating and a $570.00 price objective for the company. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Finally, Morgan Stanley lifted their price target on shares of Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and an average price target of $565.06.

Insider Activity at Synopsys

In related news, CFO Shelagh Glaser sold 3,394 shares of the 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 completion of the sale, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at approximately $6,461,387.16. This trade represents a 19.12% 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. Also, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 75,020 shares of the company’s stock, valued at $34,431,179.20. This trade represents a 16.29% decrease in their position. The SEC filing for this sale provides additional information. 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. Corporate insiders own 0.56% of the company’s stock.

Synopsys Company 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.