Chevy Chase Trust Holdings LLC Increases Position in Synopsys, Inc. $SNPS

Chevy Chase Trust Holdings LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.6% during the third quarter, Holdings Channel reports. The fund owned 94,739 shares of the semiconductor company’s stock after acquiring an additional 12,768 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Synopsys were worth $46,743,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Synopsys by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after purchasing an additional 3,120,401 shares during the period. Victory Capital Management Inc. grew its position in shares of Synopsys by 238.8% in the third quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after purchasing an additional 1,990,608 shares during the period. Capital Research Global Investors increased its stake in Synopsys by 226.6% in the third quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after purchasing an additional 1,751,432 shares during the last quarter. Norges Bank acquired a new position in Synopsys in the second quarter valued at $647,964,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Synopsys by 321.3% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,301,228 shares of the semiconductor company’s stock worth $642,013,000 after buying an additional 992,386 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In other news, insider Janet Lee sold 250 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the sale, the insider owned 11,959 shares of the company’s stock, valued at $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the sale, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at $8,221,058.34. The trade was a 17.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,157 shares of company stock worth $1,945,036 in the last 90 days. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNPS has been the topic of a number of research analyst reports. Citigroup began coverage on Synopsys in a research note on Monday, November 24th. They issued a “buy” rating and a $580.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $480.00 price objective (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Synopsys from $600.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price for the company. in a report on Friday, February 20th. Finally, Piper Sandler dropped their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $531.00.

Synopsys Price Performance

SNPS stock opened at $412.63 on Monday. The company has a market cap of $79.04 billion, a PE ratio of 64.07, a price-to-earnings-growth ratio of 3.36 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $461.93 and a two-hundred day moving average price of $462.67. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, February 25th. The semiconductor company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.21. Synopsys had a return on equity of 6.83% and a net margin of 13.76%.The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the business posted $3.03 EPS. The company’s quarterly revenue was up 65.6% compared to the same quarter last year. Synopsys has set its FY 2026 guidance at 14.380-14.460 EPS and its Q2 2026 guidance at 3.110-3.170 EPS. As a group, research analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

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.