5,476 Synopsys, Inc. $SNPS Shares Bought by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,144 shares of the semiconductor company’s stock after purchasing an additional 5,476 shares during the period. Synopsys accounts for about 3.3% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s portfolio, making the stock its 9th biggest position. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in Synopsys were worth $13,546,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Synopsys in the 2nd quarter valued at $747,400,000. Man Group plc acquired a new position in shares of Synopsys during the 2nd quarter valued at $55,900,000. Nykredit A S bought a new position in Synopsys during the second quarter worth $23,158,000. Bank of America Corp DE bought a new position in Synopsys during the second quarter worth $539,986,000. Finally, Integrated Wealth Concepts LLC boosted its stake in Synopsys by 88.6% during the second quarter. Integrated Wealth Concepts LLC now owns 6,816 shares of the semiconductor company’s stock worth $3,040,000 after acquiring an additional 3,202 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

NASDAQ SNPS opened at $454.58 on Tuesday. The company has a fifty day simple moving average of $428.42 and a 200 day simple moving average of $442.33. Synopsys, Inc. has a 12-month low of $362.55 and a 12-month high of $539.48. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. The company has a market cap of $87.12 billion, a P/E ratio of 80.31, a PEG ratio of 1.85 and a beta of 1.21.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business posted $3.39 EPS. Synopsys’s quarterly revenue 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. Sell-side analysts predict that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys announced that its Board of Directors has approved a share repurchase program on Monday, October 5th that authorizes the company to repurchase $1.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 1.1% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $640.00 price target (up from $590.00) on shares of Synopsys in a report on Thursday, October 1st. Piper Sandler upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $450.00 to $550.00 in a report on Tuesday, June 23rd. Sanford C. Bernstein assumed coverage on shares of Synopsys in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Rosenblatt Securities increased their price objective on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, Bank of America raised their target price on Synopsys from $500.00 to $600.00 in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.78.

Insider Buying and Selling at Synopsys

In other news, CFO Sudhindra Kankanwadi sold 9,170 shares of the business’s 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 sale, the chief financial officer directly owned 22,717 shares of the company’s stock, valued at $11,358,500. The trade was a 28.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Janet Lee sold 1,144 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total transaction of $574,882.88. Following the sale, the insider directly owned 16,534 shares of the company’s stock, valued at approximately $8,308,665.68. The trade was a 6.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,163 shares of company stock valued at $51,366,457 over the last three months. Corporate insiders own 0.56% of the company’s stock.

About Synopsys

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.