Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,644 shares of the semiconductor company’s stock after buying an additional 1,534 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Synopsys were worth $25,507,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. AGH Wealth Advisors LLC grew its holdings in Synopsys by 4.4% during the 1st quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 24 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Synopsys by 96.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Bar Harbor Wealth Management raised its position in shares of Synopsys by 0.7% during the 1st quarter. Bar Harbor Wealth Management now owns 4,181 shares of the semiconductor company’s stock valued at $1,658,000 after acquiring an additional 31 shares during the last quarter. Oak Grove Capital LLC lifted its stake in shares of Synopsys by 1.1% in the 3rd quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company’s stock valued at $1,260,000 after purchasing an additional 32 shares during the period. Finally, Kintegral Advisory LLC lifted its stake in shares of Synopsys by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company’s stock valued at $2,528,000 after purchasing an additional 32 shares during the period. 85.47% of the stock is owned by institutional investors.
Insider Activity
In related news, insider Janet Lee sold 1,144 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total value of $574,882.88. Following the completion of the sale, the insider owned 16,534 shares in the company, valued at $8,308,665.68. This represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total value of $4,585,000.00. Following the sale, the chief financial officer directly owned 22,717 shares in the company, valued at $11,358,500. The trade was a 28.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 117,163 shares of company stock valued at $51,366,457. 0.56% of the stock is owned by company insiders.
Synopsys Stock Performance
Shares of NASDAQ:SNPS opened at $454.58 on Tuesday. The firm’s 50 day simple moving average is $428.42 and its 200 day simple moving average is $442.33. Synopsys, Inc. has a fifty-two week low of $362.55 and a fifty-two week high of $539.48. The company has a market capitalization of $87.12 billion, a price-to-earnings ratio of 80.31, a P/E/G ratio of 1.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24.
Synopsys (NASDAQ:SNPS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the company earned $3.39 earnings per share. The business’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. As a group, sell-side analysts forecast that Synopsys, Inc. will post 10.97 earnings per share for the current year.
Synopsys declared that its board has authorized a stock buyback program on Monday, October 5th that allows the company to buy back $1.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 1.1% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
Analyst Upgrades and Downgrades
SNPS has been the topic of several recent research reports. Bank of America raised their price target on Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. Robert W. Baird raised Synopsys from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $558.00 to $560.00 in a research note on Thursday, August 27th. UBS Group set a $570.00 price objective on Synopsys in a report on Thursday, August 27th. Sanford C. Bernstein initiated coverage on Synopsys in a report on Friday, September 25th. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. cut their target price on Synopsys from $650.00 to $600.00 in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.78.
Read Our Latest Stock Analysis on SNPS
Synopsys Profile
Synopsys, Inc is an electronic design automation (EDA) and semiconductor intellectual property company serving the global semiconductor and electronics industries. Its software helps engineers design, verify, test and manufacture advanced integrated circuits and electronic systems.
The company’s products and services support digital and analog design, functional verification, design-for-test, manufacturing and semiconductor engineering workflows. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, security solutions and other components used in system-on-chip designs.
In addition to its semiconductor design offerings, Synopsys provides software development and application security tools intended to help organizations identify and manage vulnerabilities and risks across the software development lifecycle.
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