Synopsys, Inc. $SNPS Stock: Pictet Asset Management Holding SA Raises Stake

Pictet Asset Management Holding SA lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 90.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,132,130 shares of the semiconductor company’s stock after purchasing an additional 538,737 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Synopsys were worth $492,223,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SNPS. Elevation Wealth Partners LLC raised its stake in Synopsys by 96.4% in the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 27 shares in the last quarter. Osbon Capital Management LLC purchased a new position in Synopsys in the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in Synopsys in the 2nd quarter worth approximately $28,000. GK Wealth Management LLC bought a new position in shares of Synopsys in the 3rd quarter worth $28,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 worth $33,000 after buying an additional 50 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SNPS has been the topic of several research reports. HSBC cut shares of Synopsys from a “buy” rating to a “reduce” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. cut their target price on shares of Synopsys from $650.00 to $600.00 in a research report on Thursday, August 27th. Roth Capital raised Synopsys to a “buy” rating in a research note on Friday, September 25th. Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $640.00 price target (up from $590.00) on shares of Synopsys in a research note 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $575.00.

Synopsys Stock Up 2.3%

Shares of 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 company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $441.61 and a two-hundred day simple moving average of $442.27. The firm has a market cap of $86.33 billion, a P/E ratio of 79.59, a P/E/G ratio of 1.43 and a beta of 1.18.

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

Synopsys declared that its board has approved a stock buyback program on Monday, October 5th that authorizes the company to buy back $1 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 1.1% of its shares through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Janet Lee sold 1,144 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total value of $574,882.88. Following the completion of the sale, the insider directly owned 16,534 shares of the company’s stock, valued at $8,308,665.68. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sassine Ghazi sold 14,604 shares of the business’s 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 completion of 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 a total of 117,163 shares of company stock worth $51,366,457 in the last quarter. 0.56% of the stock is currently owned by company insiders.

Synopsys Company 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.