4,855 Synopsys, Inc. $SNPS Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,451 shares of the semiconductor company’s stock after purchasing an additional 4,855 shares during the period. Rakuten Investment Management Inc.’s holdings in Synopsys were worth $20,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SNPS. Elevation Wealth Partners LLC grew its holdings in Synopsys by 96.4% in the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 27 shares during the period. Osbon Capital Management LLC acquired a new position in shares of Synopsys during the second quarter valued at about $25,000. IMG Wealth Management Inc. bought a new position in shares of Synopsys during the 2nd quarter worth about $28,000. GK Wealth Management LLC acquired a new stake in shares of Synopsys in the 3rd quarter valued at about $28,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Synopsys by 151.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 83 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Up 0.0%

Shares of NASDAQ SNPS opened at $462.95 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $88.72 billion, a P/E ratio of 81.79, a P/E/G ratio of 1.47 and a beta of 1.18. Synopsys, Inc. has a 52 week low of $362.55 and a 52 week high of $539.48. The business has a 50-day simple moving average of $441.29 and a two-hundred day simple moving average of $442.95.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.24. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The firm’s quarterly revenue was up 42.4% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts anticipate that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys declared that its Board of Directors has initiated a share repurchase plan on Monday, October 5th that allows the company to repurchase $1 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 1.1% of its stock through open market purchases. Share buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 14,604 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $462.84, for a total value of $6,759,315.36. Following the completion of the sale, the chief executive officer owned 76,865 shares in the company, valued at approximately $35,576,196.60. The trade was a 15.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Janet Lee sold 1,144 shares of the business’s 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 completion of the transaction, the insider owned 16,534 shares in the company, valued at $8,308,665.68. The trade was a 6.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 117,163 shares of company stock worth $51,366,457. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNPS shares. Robert W. Baird upgraded shares of Synopsys from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $558.00 to $560.00 in a report on Thursday, August 27th. Rothschild & Co Redburn decreased their price objective on Synopsys from $560.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. KeyCorp lifted their target price on Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Finally, Rosenblatt Securities upped their price target on Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. One investment 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $575.00.

About Synopsys

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.