Harvey Capital Management Inc. Takes $1.04 Million Position in Synopsys, Inc. $SNPS

Harvey Capital Management Inc. purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 2,323 shares of the semiconductor company’s stock, valued at approximately $1,036,000.

A number of other institutional investors also recently added to or reduced their stakes in SNPS. Brighton Jones LLC raised its stake in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 50 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Synopsys by 11.6% in the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 79 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Synopsys by 15.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock worth $1,291,000 after purchasing an additional 395 shares during the period. WINTON GROUP Ltd increased its stake in shares of Synopsys by 9.2% in the 2nd quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 64 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Synopsys by 2.1% in the 2nd quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock worth $36,962,000 after acquiring an additional 1,505 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction 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 trade represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $450.02, for a total value 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. This trade represents a 19.12% decrease in their position. 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. Company insiders own 0.56% of the company’s stock.

More Synopsys News

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Quarterly results exceeded expectations. Synopsys reported revenue of $2.477 billion, up 42.4% year over year, while non-GAAP EPS of $3.91 surpassed the $3.67 consensus estimate. Design Automation was particularly strong, and Ansys-related contributions supported growth. Synopsys Posts Financial Results for Third Quarter Fiscal Year 2026
• Positive Sentiment: Synopsys raised its fiscal 2026 outlook. Management lifted full-year revenue expectations to approximately $9.715 billion at the midpoint and non-GAAP EPS guidance to $15.07. Fourth-quarter EPS guidance of $4.10-$4.16 also came in above the $3.78 analyst consensus, reinforcing expectations for continued operating momentum. Synopsys raises annual forecasts on AI-driven chip design software demand
• Positive Sentiment: AI is strengthening the long-term growth story. The company said rising chip complexity and investments in AI infrastructure are accelerating EDA demand. Management also highlighted a rebound in Design IP, potential growth from integrating Ansys and customer productivity gains from AI-enabled engineering tools. SNPS Q3 Earnings Call Highlights EDA Acceleration, Outlook Raised
• Positive Sentiment: Analyst support remains favorable. Goldman Sachs, Benchmark and Needham reaffirmed Buy ratings with price targets ranging from $570 to $600, implying substantial upside based on the cited reference price. Elliott Investment Management also reportedly built a multibillion-dollar position, betting Synopsys can narrow its valuation discount to peers. Synopsys Earns Buy Rating as Strong Execution and Higher 2026 Guidance Support $600 Price Target
• Neutral Sentiment: Analyst reactions were not unanimous following the results. While several firms remain bullish, some investors may view the raised outlook as largely reflected in the stock’s valuation, contributing to a mixed near-term assessment. Analysts show mixed reactions after Synopsys’ Q3 results, outlook
• Negative Sentiment: Shares initially faced pressure after the earnings release despite the beat and higher guidance, likely reflecting profit-taking and concerns about elevated valuation. The subsequent rally indicates investors ultimately prioritized the strong results and improved growth outlook. Synopsys slides even as it boosts full-year guidance on back of strong Q3 results

Synopsys Trading Up 13.4%

Shares of SNPS stock opened at $464.89 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. The stock has a market capitalization of $89.02 billion, a P/E ratio of 82.14, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a 50 day moving average price of $416.90 and a 200 day moving average price of $440.11. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week high of $615.79.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.31%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm earned $3.39 EPS. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Equities research analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

SNPS has been the subject of a number of research reports. BNP Paribas Exane upped their target price on shares of Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Citigroup lifted their target price on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. UBS Group set a $570.00 price objective on shares of Synopsys in a report on Thursday. Benchmark restated a “buy” rating and set a $570.00 price target on shares of Synopsys in a research note on Thursday. Finally, Robert W. Baird upgraded Synopsys from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $558.00 to $560.00 in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $561.28.

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.