Sendero Wealth Management LLC Decreases Stock Holdings in Synopsys, Inc. $SNPS

Sendero Wealth Management LLC cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 84.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 537 shares of the semiconductor company’s stock after selling 2,872 shares during the period. Sendero Wealth Management LLC’s holdings in Synopsys were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky grew its holdings in shares of Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 30 shares during the period. Saudi Central Bank acquired a new position in Synopsys during the first quarter worth $26,000. Princeton Global Asset Management LLC boosted its position in Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. AlphaQuest LLC grew its holdings in Synopsys by 423.1% in the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in Synopsys in the first quarter valued at $34,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SNPS. Robert W. Baird reaffirmed a “neutral” rating and set a $535.00 price target (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. The Goldman Sachs Group dropped their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Rosenblatt Securities raised shares of Synopsys from a “neutral” rating to a “buy” rating and reduced their price target for the company from $605.00 to $560.00 in a report on Tuesday, December 9th. Mizuho lowered their price target on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Eleven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $562.13.

Synopsys Price Performance

Synopsys stock opened at $453.07 on Thursday. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The stock has a market capitalization of $84.16 billion, a P/E ratio of 56.70, a P/E/G ratio of 3.85 and a beta of 1.16. The firm’s 50-day moving average is $434.22 and its two-hundred day moving average is $504.07. 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 posted its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.11. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The company’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business 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 analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insiders Place Their Bets

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.62% of the company’s stock.

Synopsys 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.