Kinsale Capital Group Inc. Purchases 6,214 Shares of Synopsys, Inc. $SNPS

Kinsale Capital Group Inc. increased its position in Synopsys, Inc. (NASDAQ:SNPS) by 26.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,484 shares of the semiconductor company’s stock after purchasing an additional 6,214 shares during the quarter. Synopsys makes up about 1.7% of Kinsale Capital Group Inc.’s portfolio, making the stock its 22nd biggest position. Kinsale Capital Group Inc.’s holdings in Synopsys were worth $12,824,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC lifted its holdings in shares of Synopsys by 96.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after buying an additional 27 shares during the period. Osbon Capital Management LLC bought a new position in shares of Synopsys during the 2nd quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Synopsys during the second quarter valued at $28,000. GK Wealth Management LLC purchased a new position in shares of Synopsys during the third quarter valued at $28,000. Finally, EFG International AG purchased a new position in shares of Synopsys during the second quarter valued at $34,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SNPS shares. Mizuho lowered their price objective on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. BNP Paribas Exane raised their target price on shares of Synopsys from $420.00 to $475.00 and gave the company a “neutral” rating in a research report on Thursday, October 1st. Weiss Ratings lowered shares of Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Wells Fargo & Company upped their price target on shares of Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, October 1st. Finally, KeyCorp increased their price objective on shares of Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $575.00.

Synopsys Trading Up 3.7%

SNPS opened at $466.97 on Tuesday. The firm has a market cap of $89.49 billion, a price-to-earnings ratio of 82.50, a PEG ratio of 1.47 and a beta of 1.18. 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, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The stock has a fifty day moving average price of $442.10 and a 200-day moving average price of $442.00.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $3.39 earnings per share. The firm’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, equities research analysts anticipate that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys declared that its Board of Directors has initiated a share repurchase program on Monday, October 5th that allows the company to buy back $1 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 1.1% of its shares through open market purchases. Share buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Sassine Ghazi sold 14,604 shares of Synopsys stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $462.84, for a total value of $6,759,315.36. Following the transaction, the chief executive officer owned 76,865 shares of the company’s stock, valued at $35,576,196.60. The trade was a 15.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total transaction of $4,585,000.00. Following the transaction, the chief financial officer owned 22,717 shares of the company’s stock, valued at approximately $11,358,500. This trade represents a 28.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 117,163 shares of company stock valued at $51,366,457. Corporate insiders own 0.56% of the company’s stock.

Synopsys 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.