52,533 Synopsys, Inc. $SNPS Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 842,273 shares of the semiconductor company’s stock after purchasing an additional 52,533 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Synopsys were worth $366,338,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Synopsys in the second quarter worth $7,228,099,000. Van ECK Associates Corp grew its holdings in shares of Synopsys by 19.7% during the second quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock valued at $1,542,175,000 after buying an additional 569,687 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Synopsys by 40.7% during the second 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 valued at $1,377,174,000 after buying an additional 892,736 shares during the period. Assenagon Asset Management S.A. raised its position in Synopsys by 11.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,729,988 shares of the semiconductor company’s stock valued at $1,187,381,000 after buying an additional 274,586 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Synopsys during the second quarter valued at $747,400,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Mizuho lowered their target price on Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Weiss Ratings downgraded Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Needham & Company LLC increased their price target on shares of Synopsys from $580.00 to $620.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, Bank of America raised their price target on shares of Synopsys from $500.00 to $600.00 in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $575.00.

Synopsys Trading Down 4.6%

Synopsys stock opened at $467.61 on Friday. The company’s fifty day simple moving average is $437.48 and its 200-day simple moving average is $443.62. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.29. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The stock has a market cap of $89.61 billion, a P/E ratio of 82.62, a P/E/G ratio of 1.90 and a beta of 1.21.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business posted $3.39 earnings per share. Synopsys’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. As a group, sell-side analysts forecast that Synopsys, Inc. will post 11.01 EPS for the current fiscal year.

Synopsys declared that its Board of Directors has authorized a stock repurchase plan on Monday, October 5th that allows the company to buy back $1 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 1.1% of its shares through open market purchases. Share buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Synopsys

In other Synopsys news, CFO Sudhindra Kankanwadi sold 9,170 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total value of $4,585,000.00. Following the transaction, the chief financial officer directly owned 22,717 shares of the company’s stock, valued at $11,358,500. This represents a 28.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Janet Lee sold 1,144 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total value of $574,882.88. Following the sale, the insider directly owned 16,534 shares of the company’s stock, valued at $8,308,665.68. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 117,163 shares of company stock worth $51,366,457. 0.56% of the stock is owned by company insiders.

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.