Provenance Wealth Advisors LLC grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 20,188.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,826 shares of the semiconductor company’s stock after purchasing an additional 1,817 shares during the period. Provenance Wealth Advisors LLC’s holdings in Synopsys were worth $794,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in SNPS. Elevation Wealth Partners LLC boosted its stake in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 27 shares during the last quarter. Osbon Capital Management LLC bought a new stake in Synopsys in the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Synopsys in the 2nd quarter worth approximately $28,000. GK Wealth Management LLC purchased a new stake in shares of Synopsys during the 3rd quarter worth approximately $28,000. Finally, EFG International AG purchased a new stake in shares of Synopsys during the 2nd quarter worth approximately $34,000. 85.47% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SNPS. UBS Group set a $570.00 price target on shares of Synopsys in a research report on Thursday, August 27th. Bank of America increased their price objective on shares of Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. Rosenblatt Securities lifted their price objective on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Morgan Stanley boosted their target price on shares of Synopsys from $500.00 to $574.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Finally, Zacks Research upgraded shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $575.00.
Check Out Our Latest Analysis on SNPS
Synopsys Price Performance
SNPS stock opened at $462.95 on Thursday. The stock has a market cap of $88.72 billion, a PE ratio of 81.79, a P/E/G ratio of 1.47 and a beta of 1.18. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The company has a 50-day moving average price of $441.29 and a 200 day moving average price of $442.95. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29.
Synopsys (NASDAQ:SNPS – Get Free Report) last issued its quarterly earnings results 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. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $3.39 earnings per share. The company’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. Equities research analysts anticipate that Synopsys, Inc. will post 11.01 earnings per share for the current year.
Synopsys announced that its Board of Directors has authorized a share repurchase program on Monday, October 5th that authorizes the company to repurchase $1 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 1.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Insider Activity at Synopsys
In other Synopsys news, insider Janet Lee sold 1,144 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total transaction of $574,882.88. Following the transaction, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. This represents a 6.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aart de Geus sold 24,641 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $419.44, for a total transaction of $10,335,421.04. Following the completion of the sale, the insider directly owned 120,443 shares of the company’s stock, valued at $50,518,611.92. The trade was a 16.98% 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. Insiders sold 117,163 shares of company stock valued at $51,366,457 in the last quarter. Corporate insiders own 0.56% of the company’s stock.
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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