Synopsys, Inc. $SNPS Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 66.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,032 shares of the semiconductor company’s stock after selling 2,044 shares during the period. Ifrah Financial Services Inc.’s holdings in Synopsys were worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Synopsys in the 2nd quarter valued at $7,228,099,000. Van ECK Associates Corp raised its holdings in Synopsys by 19.7% in the 2nd quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock worth $1,542,175,000 after acquiring an additional 569,687 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Synopsys by 40.7% during 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 acquiring an additional 892,736 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Synopsys by 39.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,455,402 shares of the semiconductor company’s stock worth $1,095,281,000 after acquiring an additional 695,146 shares during the last quarter. Finally, Amundi lifted its position in Synopsys by 3.6% during the 1st 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 last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Down 1.6%

Shares of SNPS stock opened at $494.51 on Wednesday. Synopsys, Inc. has a 1 year low of $362.55 and a 1 year high of $539.48. The firm’s fifty day simple moving average is $423.97 and its 200 day simple moving average is $440.26. The firm has a market capitalization of $94.77 billion, a P/E ratio of 87.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, beating the consensus estimate of $3.67 by $0.24. The firm had revenue of $2.48 billion during 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%. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.39 EPS. 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, sell-side analysts predict that Synopsys, Inc. will post 10.97 EPS for the current year.

Synopsys announced that its board has initiated a share repurchase plan on Monday, October 5th that permits the company to buy back $1.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 1.1% of its shares through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNPS. Rosenblatt Securities upped their price target on shares of Synopsys from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Barclays initiated coverage on Synopsys in a research note on Friday, September 25th. They issued an “overweight” rating on the stock. HSBC cut Synopsys from a “buy” rating to a “reduce” rating in a research report on Friday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $640.00 target price (up from $590.00) on shares of Synopsys in a research note on Thursday, October 1st. Finally, Bank of America increased their target price on Synopsys from $500.00 to $600.00 in a research note on Thursday, October 1st. One investment 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’s stock. According to MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average target price of $571.78.

Insider Transactions at Synopsys

In related news, insider Janet Lee sold 1,144 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total transaction of $574,882.88. Following the transaction, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aart de Geus sold 24,641 shares of the company’s 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 completion of the transaction, the insider directly owned 120,443 shares of the company’s stock, valued at approximately $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. Insiders sold 102,559 shares of company stock valued at $44,607,141 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Synopsys 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.