Synopsys (NASDAQ:SNPS – Get Free Report) was upgraded by BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $420.00 target price on the semiconductor company’s stock. BNP Paribas Exane’s target price suggests a potential upside of 1.68% from the company’s previous close.
Several other equities research analysts have also weighed in on SNPS. Citigroup increased their target price on Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and set a $575.00 target price on shares of Synopsys in a research note on Tuesday, August 25th. Mizuho lowered their price target on Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. KeyCorp reissued an “overweight” rating on shares of Synopsys in a report on Wednesday, August 19th. Finally, Zacks Research downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $561.00.
Check Out Our Latest Stock Report on Synopsys
Synopsys Price Performance
Synopsys (NASDAQ:SNPS – Get Free Report) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, topping 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 business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company posted $3.39 EPS. The business’s revenue 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. On average, research analysts forecast that Synopsys will post 10.97 earnings per share for the current fiscal year.
Insider Transactions at Synopsys
In other Synopsys news, insider Aart de Geus sold 25,000 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $441.76, for a total transaction of $11,044,000.00. Following the transaction, the insider owned 120,421 shares of the company’s stock, valued at approximately $53,197,180.96. The trade was a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,604 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $374.88, for a total transaction of $5,474,747.52. Following the completion of the transaction, the chief executive officer owned 76,865 shares in the company, valued at $28,815,151.20. This represents a 15.97% 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. In the last quarter, insiders sold 89,245 shares of company stock valued at $37,992,919. Insiders own 0.56% of the company’s stock.
Hedge Funds Weigh In On Synopsys
Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in Synopsys by 19.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,866 shares of the semiconductor company’s stock worth $6,631,000 after acquiring an additional 2,377 shares in the last quarter. Gemmer Asset Management LLC purchased a new stake in Synopsys in the 2nd quarter valued at approximately $224,000. National Pension Service increased its stake in Synopsys by 1.9% during the 2nd quarter. National Pension Service now owns 470,136 shares of the semiconductor company’s stock worth $209,714,000 after buying an additional 8,748 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Synopsys by 172.7% in the second quarter. Engineers Gate Manager LP now owns 16,365 shares of the semiconductor company’s stock worth $7,300,000 after buying an additional 10,363 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Synopsys by 30.4% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,236 shares of the semiconductor company’s stock valued at $551,000 after purchasing an additional 288 shares during the period. Institutional investors own 85.47% of the company’s stock.
Synopsys Company Profile
Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and related services. Its products help semiconductor and electronics companies design, verify, test and manufacture integrated circuits and complex electronic systems.
The company’s EDA portfolio includes tools for digital and analog design, simulation, verification, physical implementation, signoff and manufacturing preparation. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, embedded memories and security-related components, which customers can incorporate into system-on-chip designs.
Synopsys additionally offers software integrity and application security solutions that help organizations identify and manage vulnerabilities and risks in the software development lifecycle.
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