Synopsys, Inc. $SNPS Shares Purchased by Asset One Wealth Management LLC

Asset One Wealth Management LLC raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,985 shares of the semiconductor company’s stock after acquiring an additional 1,337 shares during the quarter. Asset One Wealth Management LLC’s holdings in Synopsys were worth $4,343,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Synopsys during the second quarter valued at $7,228,099,000. Van ECK Associates Corp lifted its position in shares of Synopsys by 19.7% in the second quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock worth $1,542,175,000 after buying an additional 569,687 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Synopsys by 40.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,087,349 shares of the semiconductor company’s stock worth $1,377,174,000 after purchasing an additional 892,736 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Synopsys by 11.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,729,988 shares of the semiconductor company’s stock worth $1,187,381,000 after acquiring an additional 274,586 shares during the last quarter. Finally, Amundi increased its stake in shares of Synopsys by 3.6% during the first quarter. Amundi now owns 1,761,983 shares of the semiconductor company’s stock worth $698,591,000 after acquiring an additional 61,077 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Performance

SNPS opened at $450.46 on Friday. Synopsys, Inc. has a 1 year low of $362.55 and a 1 year high of $539.48. The firm has a fifty day moving average price of $441.61 and a 200 day moving average price of $442.27. The stock has a market cap of $86.33 billion, a P/E ratio of 79.59, a P/E/G ratio of 1.48 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 (NASDAQ:SNPS) last announced its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $3.39 EPS. The firm’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 has authorized a stock buyback plan on Monday, October 5th that permits the company to buy back $1 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 1.1% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CFO Sudhindra Kankanwadi sold 9,170 shares of Synopsys stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $4,585,000.00. Following the completion of the transaction, the chief financial officer directly owned 22,717 shares of the company’s stock, valued at approximately $11,358,500. The trade was a 28.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aart de Geus sold 24,641 shares of the stock in a transaction that occurred 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 transaction, the insider owned 120,443 shares in the company, valued at $50,518,611.92. This trade represents a 16.98% decrease in their position. 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 ninety days, insiders sold 117,163 shares of company stock valued at $51,366,457. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $640.00 price objective (up from $590.00) on shares of Synopsys in a research note on Thursday, October 1st. Wells Fargo & Company lifted their target price on shares of Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. BNP Paribas Exane increased their price objective on Synopsys from $420.00 to $475.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Needham & Company LLC raised their price target on shares of Synopsys from $580.00 to $620.00 and gave the company a “buy” rating in a report on Monday, October 12th. Finally, Rosenblatt Securities boosted their target price on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.00.

Synopsys Profile

Synopsys, Inc develops software, semiconductor intellectual property (IP) and services used to design and verify electronic systems. Its electronic design automation (EDA) tools help customers create, simulate, test and validate chips and other complex electronic products, while its IP portfolio provides reusable building blocks for semiconductor designs.

The company also offers software security and quality tools that help developers identify vulnerabilities and assess applications throughout the software development process.