Synopsys (NASDAQ:SNPS) Sets New 1-Year Low – Here’s What Happened

Synopsys, Inc. (NASDAQ:SNPS)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $364.72 and last traded at $363.6980, with a volume of 1178567 shares changing hands. The stock had previously closed at $381.43.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank of America upped their price target on shares of Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Robert W. Baird raised shares of Synopsys from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $558.00 to $560.00 in a research report on Thursday, August 27th. Mizuho dropped their target price on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Zacks Research lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $580.00 price target on shares of Synopsys in a research note on Thursday, August 27th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $562.67.

Synopsys Trading Down 3.3%

The company’s 50 day simple moving average is $406.08 and its two-hundred day simple moving average is $437.70. 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 capitalization of $70.69 billion, a price-to-earnings ratio of 65.24, a P/E/G ratio of 2.18 and a beta of 1.23.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results 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 business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%.The company’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. As a group, research analysts anticipate that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Insider Transactions at Synopsys

In related news, insider Aart de Geus sold 25,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total value of $11,044,000.00. Following the completion of the transaction, the insider directly owned 120,421 shares in the company, valued at $53,197,180.96. The trade was a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 74,641 shares of company stock valued at $32,518,171 over the last three months. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Synopsys

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Synopsys in the second quarter worth about $747,400,000. Man Group plc bought a new stake in shares of Synopsys during the second quarter valued at approximately $55,900,000. Norges Bank acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $730,197,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Synopsys in the 4th quarter worth approximately $1,699,000. Finally, Czech National Bank raised its position in Synopsys by 4.6% in the 2nd quarter. Czech National Bank now owns 54,526 shares of the semiconductor company’s stock worth $24,322,000 after purchasing an additional 2,421 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

About Synopsys

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and related services. Its products help semiconductor and electronics companies design, verify, test and manufacture integrated circuits and complex electronic systems.

The company’s EDA portfolio includes tools for digital and analog design, simulation, verification, physical implementation, signoff and manufacturing preparation. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, embedded memories and security-related components, which customers can incorporate into system-on-chip designs.

Synopsys additionally offers software integrity and application security solutions that help organizations identify and manage vulnerabilities and risks in the software development lifecycle.