Wells Fargo & Company Lowers Synopsys (NASDAQ:SNPS) Price Target to $450.00

Synopsys (NASDAQ:SNPS) had its target price cut by investment analysts at Wells Fargo & Company from $535.00 to $450.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.31% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. KeyCorp reissued an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Citigroup raised their price target on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Bank of America lifted their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Robert W. Baird set a $558.00 price target on shares of Synopsys in a research note on Thursday, May 28th. Finally, Berenberg Bank set a $633.00 price objective on shares of Synopsys in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $565.06.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $411.68 on Tuesday. The company has a 50 day simple moving average of $431.81 and a two-hundred day simple moving average of $445.60. Synopsys has a fifty-two week low of $366.00 and a fifty-two week high of $628.89. The company has a market capitalization of $78.83 billion, a price-to-earnings ratio of 95.30, a P/E/G ratio of 2.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.20. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Synopsys had a return on equity of 5.83% and a net margin of 8.91%.The business’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.67 EPS. Synopsys has set its FY 2026 guidance at 14.720-14.800 EPS and its Q3 2026 guidance at 3.630-3.690 EPS. Analysts expect that Synopsys will post 10.65 EPS for the current fiscal year.

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $458.96, for a total value of $6,702,192.88. Following the completion of the transaction, the chief executive officer directly owned 75,020 shares in the company, valued at $34,431,179.20. This represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Shelagh Glaser sold 3,394 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $450.02, for a total value of $1,527,367.88. Following the completion of the transaction, the chief financial officer owned 14,358 shares in the company, valued at $6,461,387.16. The trade was a 19.12% decrease in their ownership of the stock. 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 own 0.56% of the company’s stock.

Hedge Funds Weigh In On Synopsys

Institutional investors have recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new position in shares of Synopsys during the second quarter valued at about $1,973,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Synopsys during the 2nd quarter worth approximately $12,813,000. E Fund Management Co. Ltd. bought a new position in shares of Synopsys during the 2nd quarter valued at approximately $5,315,000. Westport Asset Management Inc. bought a new stake in Synopsys in the second quarter worth $23,052,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Synopsys in the 2nd quarter worth $18,004,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Company 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.