Capital Investment Services of America Inc. lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,810 shares of the semiconductor company’s stock after purchasing an additional 1,903 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Synopsys were worth $14,705,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Elevation Wealth Partners LLC lifted its position in Synopsys by 96.4% during the 2nd 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. North Dakota State Investment Board grew its stake in Synopsys by 0.5% during the 3rd quarter. North Dakota State Investment Board now owns 5,706 shares of the semiconductor company’s stock valued at $2,482,000 after purchasing an additional 29 shares in the last quarter. Oak Grove Capital LLC increased its holdings in Synopsys by 1.1% during the 3rd quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company’s stock worth $1,260,000 after purchasing an additional 32 shares during the last quarter. Kintegral Advisory LLC raised its position 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 in the last quarter. Finally, Personal CFO Solutions LLC raised its position in shares of Synopsys by 1.4% in the 1st quarter. Personal CFO Solutions LLC now owns 2,682 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $640.00 price target (up from $590.00) on shares of Synopsys in a research note on Thursday, October 1st. UBS Group set a $570.00 price objective on Synopsys in a research note on Thursday, August 27th. Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Bank of America increased their target price on Synopsys from $500.00 to $600.00 in a report on Thursday, October 1st. Finally, Weiss Ratings lowered Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $575.00.
View Our Latest Stock Report on Synopsys
Insider Buying and Selling
In other news, CEO Sassine Ghazi sold 14,604 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $462.84, for a total transaction of $6,759,315.36. Following the sale, the chief executive officer directly owned 76,865 shares of the company’s stock, valued at $35,576,196.60. The trade was a 15.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Aart de Geus sold 24,641 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $419.44, for a total value of $10,335,421.04. Following the sale, the insider directly owned 120,443 shares of the company’s stock, valued at approximately $50,518,611.92. This represents a 16.98% 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. Insiders have sold a total of 117,163 shares of company stock worth $51,366,457 over the last quarter. 0.56% of the stock is currently owned by insiders.
Synopsys Stock Performance
SNPS opened at $462.95 on Thursday. The company has a market capitalization of $88.72 billion, a price-to-earnings ratio of 47.04, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. 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, Inc. has a 1-year low of $362.55 and a 1-year high of $539.48. The business has a 50 day moving average price of $441.29 and a two-hundred day moving average price of $442.95.
Synopsys (NASDAQ:SNPS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS 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 6.24%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the business earned $3.39 earnings per share. Synopsys’s revenue for the quarter was up 42.4% compared to the same quarter last year. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Research analysts predict that Synopsys, Inc. will post 11.01 EPS for the current fiscal year.
Synopsys announced that its board has initiated a share repurchase plan on Monday, October 5th that permits the company to repurchase $1 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 1.1% of its shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its stock is undervalued.
About Synopsys
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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