Synopsys, Inc. $SNPS Stock Purchased by MBL Wealth LLC

MBL Wealth LLC lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 292.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,440 shares of the semiconductor company’s stock after purchasing an additional 1,818 shares during the period. MBL Wealth LLC’s holdings in Synopsys were worth $1,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cardinal Point Capital Management ULC increased its stake in Synopsys by 28.2% in the third quarter. Cardinal Point Capital Management ULC now owns 910 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 200 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Synopsys by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 10,960 shares of the semiconductor company’s stock worth $4,767,000 after purchasing an additional 452 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Synopsys by 2.6% during the third quarter. Strengthening Families & Communities LLC now owns 5,662 shares of the semiconductor company’s stock valued at $2,463,000 after purchasing an additional 145 shares during the period. Capstone Capital Management Ltd boosted its stake in shares of Synopsys by 17.8% during the third quarter. Capstone Capital Management Ltd now owns 16,911 shares of the semiconductor company’s stock valued at $7,355,000 after purchasing an additional 2,560 shares during the period. Finally, AMI Asset Management Corp boosted its stake in shares of Synopsys by 56.1% during the third quarter. AMI Asset Management Corp now owns 80,884 shares of the semiconductor company’s stock valued at $35,179,000 after purchasing an additional 29,065 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Up 1.8%

Shares of NASDAQ SNPS opened at $430.14 on Friday. 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 business has a fifty day simple moving average of $430.32 and a two-hundred day simple moving average of $443.18. The firm has a market cap of $82.43 billion, a PE ratio of 76.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. Synopsys, Inc. has a twelve month low of $362.55 and a twelve month high of $539.48.

Synopsys (NASDAQ:SNPS) last issued its 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. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $3.39 EPS. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Analysts expect that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys declared that its board has initiated a share buyback plan on Monday, October 5th that allows the company to buy back $1.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 1.1% of its shares through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Synopsys

In other Synopsys news, CFO Sudhindra Kankanwadi sold 9,170 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $500.00, for a total transaction of $4,585,000.00. Following the transaction, the chief financial officer directly owned 22,717 shares in the company, valued at $11,358,500. This represents a 28.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Janet Lee sold 1,144 shares of the firm’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 transaction, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. This trade represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 117,163 shares of company stock valued at $51,366,457. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the topic of a number of research analyst reports. Rosenblatt Securities upped their price target on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price objective on shares of Synopsys from $650.00 to $600.00 in a report on Thursday, August 27th. Bank of America boosted their price objective on shares of Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. Barclays started coverage on shares of Synopsys in a research note on Friday, September 25th. They issued an “overweight” rating on the stock. Finally, Mizuho reduced their target price on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Moderate Buy” and an average price target of $575.00.

Synopsys Company Profile

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.