OVERSEA CHINESE BANKING Corp Ltd Invests $12.81 Million in Synopsys, Inc. $SNPS

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 28,724 shares of the semiconductor company’s stock, valued at approximately $12,813,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SNPS. Sankala Group LLC acquired a new position in Synopsys during the fourth quarter worth $25,000. Elevation Wealth Partners LLC raised its position in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 27 shares in the last quarter. IMG Wealth Management Inc. acquired a new stake in Synopsys in the second quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Synopsys in the fourth quarter valued at $28,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Synopsys in the 4th quarter valued at about $32,000. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

NASDAQ:SNPS opened at $397.92 on Friday. The company has a market cap of $76.19 billion, a P/E ratio of 92.11, a P/E/G ratio of 2.36 and a beta of 1.23. The firm’s fifty day moving average price is $420.85 and its two-hundred day moving average price is $440.51. Synopsys, Inc. has a one year low of $366.00 and a one year 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 earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. Synopsys’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same quarter last year, the company posted $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. Equities analysts expect that Synopsys, Inc. will post 10.65 earnings per share for the current year.

Analysts Set New Price Targets

SNPS has been the topic of several recent analyst reports. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a research note on Wednesday, May 27th. Bank of America raised their target price on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Synopsys in a research report on Monday, June 8th. KeyCorp restated an “overweight” rating on shares of Synopsys in a research note on Wednesday. Finally, Wells Fargo & Company cut their price objective on Synopsys from $535.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $563.59.

Insider Activity at Synopsys

In other news, CEO Sassine Ghazi sold 14,603 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 sale, the chief financial officer directly owned 14,358 shares of the company’s stock, valued at approximately $6,461,387.16. The trade was a 19.12% 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. Company 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.