Synopsys, Inc. $SNPS Stock Sold by Profund Advisors LLC

Profund Advisors LLC reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 8.0% during the third quarter, HoldingsChannel reports. The fund owned 14,609 shares of the semiconductor company’s stock after selling 1,271 shares during the period. Profund Advisors LLC’s holdings in Synopsys were worth $6,354,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SNPS. ProShare Advisors LLC grew its holdings in Synopsys by 3.8% during the 3rd quarter. ProShare Advisors LLC now owns 225,898 shares of the semiconductor company’s stock valued at $98,252,000 after buying an additional 8,358 shares in the last quarter. Grandfield & Dodd LLC boosted its stake in shares of Synopsys by 3.7% during the third quarter. Grandfield & Dodd LLC now owns 74,648 shares of the semiconductor company’s stock valued at $32,467,000 after purchasing an additional 2,673 shares during the period. Invera Wealth Advisors LLC increased its position in shares of Synopsys by 45.2% during the third quarter. Invera Wealth Advisors LLC now owns 3,086 shares of the semiconductor company’s stock worth $1,342,000 after acquiring an additional 960 shares during the period. Arta Finance Wealth Management LLC lifted its holdings in shares of Synopsys by 15.9% in the 3rd quarter. Arta Finance Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock worth $582,000 after buying an additional 184 shares during the period. Finally, Glenview Trust Co purchased a new position in Synopsys during the 3rd quarter valued at about $228,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In other Synopsys news, insider Aart de Geus sold 24,641 shares of Synopsys stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $419.44, for a total transaction of $10,335,421.04. Following the sale, the insider directly owned 120,443 shares of the company’s stock, valued at approximately $50,518,611.92. The trade was a 16.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Janet Lee sold 1,144 shares of Synopsys 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 directly owned 16,534 shares of the company’s stock, valued at $8,308,665.68. This trade represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 117,163 shares of company stock valued at $51,366,457 in the last quarter. Company insiders own 0.56% of the company’s stock.

Synopsys Price Performance

Shares of Synopsys stock opened at $467.61 on Friday. The business’s fifty day moving average price is $437.48 and its 200 day moving average price is $443.62. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. Synopsys, Inc. has a twelve month low of $362.55 and a twelve month high of $539.48. The stock has a market capitalization of $89.61 billion, a P/E ratio of 82.62, a PEG ratio of 1.90 and a beta of 1.21.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share 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 company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm earned $3.39 EPS. The company’s 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. As a group, research analysts anticipate that Synopsys, Inc. will post 11.01 earnings per share for the current year.

Synopsys declared that its Board of Directors has authorized a share buyback plan on Monday, October 5th that permits the company to buy back $1 billion in shares. This buyback authorization permits the semiconductor company to buy up to 1.1% of its stock through open market purchases. Share buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNPS shares. Wells Fargo & Company increased their price objective on shares of Synopsys from $475.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Benchmark restated a “buy” rating and set a $570.00 price objective on shares of Synopsys in a research report on Thursday, August 27th. BNP Paribas Exane raised their price objective on Synopsys from $420.00 to $475.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Zacks Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Weiss Ratings downgraded Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $575.00.

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.