Key Points
- CEO Sassine Ghazi sold 14,604 Synopsys shares for approximately $5.47 million under a pre-arranged Rule 10b5-1 trading plan, reducing his direct holdings by 15.97% to 76,865 shares.
- Synopsys reported quarterly revenue of $2.48 billion and EPS of $3.91, beating analyst estimates, while revenue increased 42.4% year over year.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $562.67; institutional investors own 85.47% of the stock.
Synopsys, Inc. (NASDAQ:SNPS - Get Free Report) CEO Sassine Ghazi sold 14,604 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $374.88, for a total value of $5,474,747.52. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Synopsys Stock Up 2.9%
Shares of NASDAQ:SNPS opened at $378.47 on Thursday. Synopsys, Inc. has a 1 year low of $362.55 and a 1 year high of $539.48. The company has a market capitalization of $72.53 billion, a PE ratio of 66.87, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. The business has a fifty day moving average price of $403.58 and a two-hundred day moving average price of $436.79. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 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 business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company's revenue for the quarter was up 42.4% on a year-over-year basis. 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 forecast that Synopsys, Inc. will post 10.97 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SNPS. BlackRock Inc. bought a new position in Synopsys in the 2nd quarter worth about $7,228,099,000. State Street Corp grew its holdings in shares of Synopsys by 0.3% during the fourth quarter. State Street Corp now owns 8,788,890 shares of the semiconductor company's stock worth $4,128,317,000 after purchasing an additional 28,532 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Synopsys by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company's stock worth $2,017,256,000 after purchasing an additional 54,329 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Synopsys by 19.7% in the second quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company's stock worth $1,542,175,000 after purchasing an additional 569,687 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Synopsys by 40.7% in 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 purchasing an additional 892,736 shares in the last quarter. 85.47% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on SNPS shares. Zacks Research lowered Synopsys from a "strong-buy" rating to a "hold" rating in a report on Friday, August 21st. Robert W. Baird upgraded Synopsys from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $558.00 to $560.00 in a research note on Thursday, August 27th. Berenberg Bank set a $633.00 price objective on Synopsys in a report on Wednesday, May 27th. Mizuho cut their target price on Synopsys from $600.00 to $550.00 and set an "outperform" rating for the company in a research note on Thursday, August 27th. Finally, Piper Sandler raised Synopsys from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $450.00 to $550.00 in a report on Tuesday, June 23rd. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $562.67.
Get Our Latest Analysis on Synopsys
About Synopsys
(
Get Free Report)
Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and related services. Its products help semiconductor and electronics companies design, verify, test and manufacture integrated circuits and complex electronic systems.
The company's EDA portfolio includes tools for digital and analog design, simulation, verification, physical implementation, signoff and manufacturing preparation. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, embedded memories and security-related components, which customers can incorporate into system-on-chip designs.
Synopsys additionally offers software integrity and application security solutions that help organizations identify and manage vulnerabilities and risks in the software development lifecycle.
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