Synopsys, Inc. $SNPS Stock Sold by Fifth Third Bancorp

Fifth Third Bancorp trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 158,521 shares of the semiconductor company’s stock after selling 6,855 shares during the period. Fifth Third Bancorp’s holdings in Synopsys were worth $68,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNPS. Elevation Wealth Partners LLC lifted its stake in Synopsys by 96.4% in the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. North Dakota State Investment Board increased its stake in shares of Synopsys by 0.5% during the 3rd quarter. North Dakota State Investment Board now owns 5,706 shares of the semiconductor company’s stock worth $2,482,000 after purchasing an additional 29 shares during the last quarter. Oak Grove Capital LLC increased its stake in shares of Synopsys by 1.1% during the 3rd quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company’s stock worth $1,260,000 after purchasing an additional 32 shares during the last quarter. Kintegral Advisory LLC raised its holdings in shares of Synopsys by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company’s stock valued at $2,528,000 after purchasing an additional 32 shares during the period. Finally, Centaurus Financial Inc. raised its holdings in shares of Synopsys by 2.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,434 shares of the semiconductor company’s stock valued at $569,000 after purchasing an additional 36 shares during the period. 85.47% of the stock is owned by institutional investors.

Synopsys News Roundup

These are some of the SNPS news items that stood out recently:

• Positive Sentiment: Synopsys is positioning its electronic design automation (EDA) tools for continued demand by adding AI-powered chip design and verification capabilities and integrating Ansys. This could support growth as chip complexity and AI investment rise. Can AI-Driven EDA Accelerate Synopsys’ Next Growth Phase?
• Neutral Sentiment: One article frames Synopsys’ earnings strength against a cautious market tape, suggesting solid company fundamentals are not yet translating into consistently positive investor sentiment. Synopsys (SNPS) Stock Price Prediction: Earnings strength meets a cautious tape
• Negative Sentiment: Despite estimate beats, Synopsys shares have reportedly struggled to hold post-earnings gains. Coverage identifies debt and upcoming guidance as investor concerns ahead of the December earnings report, which could keep the shares volatile. Synopsys at $460: Appealing Ahead of Dec. 8 Earnings

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SNPS shares. Mizuho cut their target price 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. Weiss Ratings cut Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Bank of America boosted their price target on Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. JPMorgan Chase & Co. dropped their price objective on Synopsys from $650.00 to $600.00 in a research note on Thursday, August 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $570.00 price objective on shares of Synopsys in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.00.

Insider Activity at Synopsys

In other Synopsys news, insider Aart de Geus sold 25,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 120,421 shares of the company’s stock, valued at $53,197,180.96. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the chief financial officer directly owned 22,717 shares in the company, valued at approximately $11,358,500. This represents a 28.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,163 shares of company stock worth $51,366,457 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Synopsys Trading Up 0.1%

SNPS stock opened at $462.69 on Friday. Synopsys, Inc. has a one year low of $362.55 and a one year high of $539.48. The stock has a market cap of $88.67 billion, a price-to-earnings ratio of 46.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. The company has a fifty day moving average price of $444.38 and a two-hundred day moving average price of $441.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24.

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 the consensus estimate of $3.67 by $0.24. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The company’s revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts anticipate that Synopsys, Inc. will post 11.01 EPS for the current year.

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

Synopsys Company 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.