North Star Asset Management Inc. Buys New Shares in Synopsys, Inc. $SNPS

North Star Asset Management Inc. purchased a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, Holdings Channel reports. The fund purchased 65,181 shares of the semiconductor company’s stock, valued at approximately $29,075,000. Synopsys accounts for about 1.1% of North Star Asset Management Inc.’s holdings, making the stock its 25th biggest position.

A number of other hedge funds have also recently bought and sold shares of SNPS. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Synopsys in the second quarter valued at about $747,400,000. Norges Bank bought a new position in Synopsys in the 4th quarter valued at approximately $730,197,000. Man Group plc acquired a new stake in Synopsys in the second quarter valued at approximately $55,900,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Synopsys during the fourth quarter worth $1,699,000. Finally, Czech National Bank grew its stake in shares of Synopsys by 4.6% during the second quarter. Czech National Bank now owns 54,526 shares of the semiconductor company’s stock worth $24,322,000 after buying an additional 2,421 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Trending Headlines about Synopsys

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

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of Synopsys stock in a transaction dated 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 directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $1,527,367.88. Following the completion of the sale, 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 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. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SNPS shares. Zacks Research cut Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Benchmark restated a “buy” rating and set a $570.00 price objective on shares of Synopsys in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday. Mizuho dropped their target price on Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, UBS Group set a $570.00 price target on Synopsys in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $561.28.

Synopsys Price Performance

SNPS stock opened at $464.89 on Friday. The company has a fifty day moving average price of $416.90 and a 200-day moving average price of $440.11. The company has a market capitalization of $89.02 billion, a P/E ratio of 82.14, a PEG ratio of 2.41 and a beta of 1.23. 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 quick ratio of 1.32 and a current ratio of 1.43.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data 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. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.31%. Synopsys’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.39 earnings per share. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. As a group, equities analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

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.