Byrne Asset Management LLC Buys 1,604 Shares of Synopsys, Inc. $SNPS

Byrne Asset Management LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10,693.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,619 shares of the semiconductor company’s stock after acquiring an additional 1,604 shares during the quarter. Byrne Asset Management LLC’s holdings in Synopsys were worth $704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Synopsys in the 2nd quarter valued at about $7,228,099,000. State Street Corp boosted its holdings in Synopsys by 0.3% in the fourth quarter. State Street Corp now owns 8,788,890 shares of the semiconductor company’s stock worth $4,128,317,000 after acquiring an additional 28,532 shares in the last quarter. Van ECK Associates Corp grew its stake in Synopsys by 19.7% in 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 acquiring an additional 569,687 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 acquiring an additional 892,736 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Synopsys by 39.5% during the second quarter. Assenagon Asset Management S.A. now owns 2,455,402 shares of the semiconductor company’s stock valued at $1,095,281,000 after acquiring an additional 695,146 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 target price on shares of Synopsys in a report on Thursday, August 27th. Morgan Stanley lowered their price objective on shares of Synopsys from $525.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 19th. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of Synopsys from $475.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $640.00 target price on shares of Synopsys in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $584.11.

Trending Headlines about Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: $1 billion accelerated share repurchase: Synopsys entered an agreement with JPMorgan Chase to repurchase approximately $1 billion of its shares, representing up to 1.1% of shares outstanding. The buyback may support earnings per share and signals that management views the stock as attractively valued. Synopsys Initiates $1 Billion Accelerated Share Repurchase Agreement
• Positive Sentiment: Expanded Amazon relationship: Coverage points to a fresh $1 billion catalyst tied to Synopsys’ expanded agreement with Amazon, reinforcing investor interest in the company’s semiconductor-design software and strategic customer relationships. A $1 Billion Reason to Buy Synopsys Stock
• Neutral Sentiment: Strong fundamentals versus valuation: Synopsys has beaten earnings estimates three times this year, and its latest reported quarter showed substantial revenue growth. However, with the stock trading well above its 50-day moving average and at a high earnings multiple, investors are weighing growth prospects against valuation risk. Synopsys is Hot Again But a Pattern Has Emerged
• Negative Sentiment: Recurring post-earnings weakness: A technical review notes that shareholders have often seen the stock decline after earnings reports despite results exceeding estimates. This pattern raises concern that elevated expectations may already be reflected in the share price.
• Neutral Sentiment: Value-investor comparison: A comparison with Progress Software (PRGS) highlights the question of whether Synopsys offers sufficient value at its current valuation; the article does not establish a clear fundamental advantage for SNPS. PRGS vs. SNPS: Which Stock Should Value Investors Buy Now?

Synopsys Stock Up 2.5%

NASDAQ SNPS traded up $12.32 on Tuesday, reaching $500.79. The company had a trading volume of 982,238 shares, compared to its average volume of 2,029,421. 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 company’s fifty day moving average is $410.00 and its 200 day moving average is $436.90. Synopsys, Inc. has a 52-week low of $362.55 and a 52-week high of $539.48. The stock has a market capitalization of $95.97 billion, a P/E ratio of 88.53, a P/E/G ratio of 2.00 and a beta of 1.21.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $3.39 EPS. The business’s revenue 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. Sell-side analysts anticipate that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys declared that its board has authorized a stock buyback plan on Monday, October 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 1.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other Synopsys news, insider Aart de Geus sold 24,641 shares of the stock in a transaction dated 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 sale, the insider owned 120,443 shares in the company, valued at approximately $50,518,611.92. This trade represents a 16.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,604 shares of Synopsys stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $374.88, for a total transaction of $5,474,747.52. Following the transaction, the chief executive officer directly owned 76,865 shares in the company, valued at approximately $28,815,151.20. This represents a 15.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 89,245 shares of company stock valued at $37,992,919. Company insiders own 0.56% of the company’s stock.

Synopsys Company 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.