Key Points
- CEO Sassine Ghazi sold 14,604 Synopsys shares for approximately $6.76 million at an average price of $462.84, reducing his stake by 15.97%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Synopsys recently reported strong quarterly results, with revenue rising 42.4% year over year to $2.48 billion and adjusted EPS of $3.91, beating analyst estimates.
- The company authorized a $1 billion share-repurchase program, while analysts maintain a “Moderate Buy” consensus and an average price target of $571.78.
Synopsys, Inc. (NASDAQ:SNPS - Get Free Report) CEO Sassine Ghazi sold 14,604 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $462.84, for a total transaction of $6,759,315.36. Following the sale, the chief executive officer owned 76,865 shares of the company's stock, valued at $35,576,196.60. This trade represents a 15.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sassine Ghazi also recently made the following trade(s):
- On Tuesday, September 15th, Sassine Ghazi sold 14,604 shares of Synopsys stock. The shares were sold at an average price of $374.88, for a total transaction of $5,474,747.52.
Synopsys Price Performance
NASDAQ:SNPS traded down $13.48 on Friday, reaching $454.63. The stock had a trading volume of 2,515,910 shares, compared to its average volume of 2,657,122. The company has a market capitalization of $87.13 billion, a P/E ratio of 80.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. 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 1-year low of $362.55 and a 1-year high of $539.48. The stock has a fifty day moving average price of $427.56 and a 200-day moving average price of $441.51.
Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.24. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. Synopsys's revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.39 EPS. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Research analysts forecast that Synopsys, Inc. will post 10.97 EPS for the current year.
Synopsys announced that its board has authorized a stock repurchase plan on Monday, October 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 1.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on SNPS. Wells Fargo & Company upped their price target on Synopsys from $475.00 to $540.00 and gave the company an "overweight" rating in a research note on Thursday, October 1st. Piper Sandler upgraded Synopsys from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Morgan Stanley lowered their price objective on Synopsys from $525.00 to $500.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 19th. KeyCorp boosted their price objective on Synopsys from $600.00 to $605.00 and gave the stock an "overweight" rating in a report on Thursday, October 1st. Finally, Rothschild & Co Redburn cut their target price on shares of Synopsys from $560.00 to $550.00 and set a "buy" rating on the stock in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $571.78.
Check Out Our Latest Research Report on Synopsys
Hedge Funds Weigh In On Synopsys
A number of hedge funds and other institutional investors have recently bought and sold shares of SNPS. Kintegral Advisory LLC boosted its position 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 worth $2,528,000 after purchasing an additional 32 shares during the last quarter. Avail Investment Partners LLC grew its stake in shares of Synopsys by 24.4% during the third quarter. Avail Investment Partners LLC now owns 683 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 134 shares during the period. Wealth Intelligence LLC grew its stake in shares of Synopsys by 4.0% during the third quarter. Wealth Intelligence LLC now owns 1,175 shares of the semiconductor company's stock worth $511,000 after purchasing an additional 45 shares during the period. Banque Pictet & Cie SA increased its holdings in Synopsys by 33.9% in the third quarter. Banque Pictet & Cie SA now owns 1,684 shares of the semiconductor company's stock valued at $732,000 after purchasing an additional 426 shares during the last quarter. Finally, GFG Capital LLC increased its holdings in Synopsys by 23.8% in the third quarter. GFG Capital LLC now owns 7,909 shares of the semiconductor company's stock valued at $3,440,000 after purchasing an additional 1,523 shares during the last quarter. 85.47% of the stock is owned by institutional investors.
About Synopsys
(
Get Free Report)
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.
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