Synopsys, Inc. $SNPS Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,555 shares of the semiconductor company’s stock after selling 30,791 shares during the period. Synopsys accounts for approximately 3.7% of Sustainable Growth Advisers LP’s portfolio, making the stock its 9th largest holding. Sustainable Growth Advisers LP’s holdings in Synopsys were worth $337,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Synopsys in the second quarter valued at approximately $7,228,099,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Synopsys during the 2nd quarter worth approximately $747,400,000. Bank of New York Mellon Corp bought a new stake in Synopsys during the 2nd quarter worth approximately $692,074,000. Bank of America Corp DE purchased a new stake in Synopsys in the 2nd quarter worth approximately $539,986,000. Finally, Legal & General Group Plc bought a new position in Synopsys in the 2nd quarter valued at $491,923,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synopsys

In other news, insider Aart de Geus sold 25,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total transaction of $11,044,000.00. Following the sale, the insider owned 120,421 shares in the company, valued at approximately $53,197,180.96. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,604 shares of Synopsys stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $374.88, for a total transaction of $5,474,747.52. Following the sale, the chief executive officer directly owned 76,865 shares of the company’s stock, valued at $28,815,151.20. This represents a 15.97% 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 sold 102,559 shares of company stock worth $44,607,141 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Synopsys Stock Down 2.5%

Shares of NASDAQ SNPS opened at $468.11 on Friday. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $89.71 billion, a price-to-earnings ratio of 82.71, a PEG ratio of 1.96 and a beta of 1.21. The business has a 50-day moving average of $426.79 and a 200-day moving average of $441.42.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data 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. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. Synopsys’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Sell-side analysts expect that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys declared that its board has approved a share buyback plan on Monday, October 5th that permits the company to buy back $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 1.1% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on SNPS shares. Wells Fargo & Company boosted their price target on shares of Synopsys from $475.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Robert W. Baird raised shares of Synopsys from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $558.00 to $560.00 in a report on Thursday, August 27th. Barclays assumed coverage on Synopsys in a research report on Friday, September 25th. They issued an “overweight” rating on the stock. Benchmark reiterated a “buy” rating and issued a $570.00 price objective on shares of Synopsys in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Synopsys from $650.00 to $600.00 in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $571.78.

Synopsys Company Profile

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and software tools used to design, verify, and manufacture advanced electronic systems. Its solutions support the development of semiconductors, systems-on-chip, and electronic products across the design cycle, from initial specification and architecture through testing and production.

The company’s offerings include digital and custom integrated-circuit design tools, simulation and verification software, physical design and signoff products, and semiconductor IP such as processor cores, interface technologies, and foundational components.