Quintet Private Bank Europe S.A. Sells 2,815 Shares of Synopsys, Inc. $SNPS

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,904 shares of the semiconductor company’s stock after selling 2,815 shares during the quarter. Synopsys accounts for 1.9% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 12th biggest position. Quintet Private Bank Europe S.A.’s holdings in Synopsys were worth $33,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNPS. Brighton Jones LLC raised its stake in Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after acquiring an additional 50 shares during the period. HighTower Advisors LLC increased its position in shares of Synopsys by 2.2% in the first quarter. HighTower Advisors LLC now owns 10,994 shares of the semiconductor company’s stock worth $4,715,000 after purchasing an additional 240 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Synopsys by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 337,331 shares of the semiconductor company’s stock valued at $144,670,000 after buying an additional 6,954 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Synopsys by 4.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 8,431 shares of the semiconductor company’s stock worth $3,616,000 after purchasing an additional 373 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Synopsys by 26.5% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the semiconductor company’s stock worth $328,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNPS. Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Piper Sandler cut their target price on Synopsys from $630.00 to $602.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Needham & Company LLC increased their price target on Synopsys from $550.00 to $580.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Wall Street Zen raised Synopsys from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup began coverage on Synopsys in a report on Monday, November 24th. They issued a “buy” rating and a $580.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Moderate Buy” and an average price target of $562.13.

Synopsys Stock Up 1.9%

Shares of Synopsys stock opened at $463.34 on Wednesday. The stock’s 50-day moving average is $434.95 and its 200 day moving average is $504.43. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The firm has a market cap of $86.07 billion, a price-to-earnings ratio of 57.99, a PEG ratio of 3.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.11. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a return on equity of 7.89% and a net margin of 18.89%.The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.40 earnings per share. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. Equities research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.