Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,534 Shares of Synopsys, Inc. $SNPS

by · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 58,644 shares of the semiconductor company’s stock after buying an additional 1,534 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Synopsys were worth $25,507,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sankala Group LLC acquired a new stake in Synopsys during the 4th quarter worth approximately $25,000. 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 buying an additional 27 shares in the last quarter. Osbon Capital Management LLC bought a new position in Synopsys in the second quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Synopsys in the second quarter valued at approximately $28,000. Finally, GK Wealth Management LLC acquired a new position in shares of Synopsys in the third quarter valued at approximately $28,000. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Down 0.0%

Synopsys stock opened at $454.58 on Tuesday. The firm has a 50-day moving average of $428.42 and a 200-day moving average of $442.33. Synopsys, Inc. has a one year low of $362.55 and a one year high of $539.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The company has a market cap of $87.12 billion, a price-to-earnings ratio of 80.31, a P/E/G ratio of 1.85 and a beta of 1.21.

Synopsys (NASDAQ:SNPS – Get Free Report) last announced 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 during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts expect that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys declared that its board has authorized a stock repurchase program on Monday, October 5th that permits the company to buy back $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 1.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

SNPS has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of Synopsys from $580.00 to $620.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Morgan Stanley dropped 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. Robert W. Baird raised shares of 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 report on Thursday, August 27th. Barclays started coverage on shares of Synopsys in a research note on Friday, September 25th. They issued an “overweight” rating for the company. Finally, Mizuho reduced 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and a consensus price target of $571.78.

Check Out Our Latest Analysis on SNPS

Insider Activity

In other Synopsys news, insider Janet Lee sold 1,144 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total value of $574,882.88. Following the completion of the sale, the insider owned 16,534 shares in the company, valued at $8,308,665.68. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Aart de Geus sold 24,641 shares of Synopsys stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $419.44, for a total value of $10,335,421.04. Following the transaction, the insider owned 120,443 shares of the company’s stock, valued at $50,518,611.92. The trade was a 16.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 117,163 shares of company stock worth $51,366,457. 0.56% of the stock is owned by insiders.

About Synopsys

(Free Report)

Synopsys, Inc is an electronic design automation (EDA) and semiconductor intellectual property company serving the global semiconductor and electronics industries. Its software helps engineers design, verify, test and manufacture advanced integrated circuits and electronic systems.

The company’s products and services support digital and analog design, functional verification, design-for-test, manufacturing and semiconductor engineering workflows. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, security solutions and other components used in system-on-chip designs.

In addition to its semiconductor design offerings, Synopsys provides software development and application security tools intended to help organizations identify and manage vulnerabilities and risks across the software development lifecycle.

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