Synopsys, Inc. (NASDAQ:SNPS) Stock Has Consensus Target Price of $571.78

Synopsys, Inc. (NASDAQ:SNPS) has been assigned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $575.00.

SNPS has been the subject of several analyst reports. Robert W. Baird upgraded shares of Synopsys from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $558.00 to $560.00 in a research report on Thursday, August 27th. Needham & Company LLC boosted their price target on Synopsys from $580.00 to $620.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Rosenblatt Securities lifted their target price on Synopsys from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Benchmark restated a “buy” rating and issued a $570.00 price target on shares of Synopsys in a research note on Thursday, August 27th. Finally, Weiss Ratings lowered shares of Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 14,604 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $462.84, for a total transaction of $6,759,315.36. Following the completion of the transaction, the chief executive officer owned 76,865 shares of the company’s stock, valued at approximately $35,576,196.60. This trade represents a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Aart de Geus sold 24,641 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $419.44, for a total value of $10,335,421.04. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 117,163 shares of company stock valued at $51,366,457. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Synopsys

Several large investors have recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Synopsys by 0.7% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 353,913 shares of the semiconductor company’s stock worth $153,931,000 after buying an additional 2,421 shares during the period. Aries Wealth Management boosted its position in shares of Synopsys by 14.1% during the 3rd quarter. Aries Wealth Management now owns 932 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 115 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in Synopsys by 35.4% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,225 shares of the semiconductor company’s stock valued at $533,000 after buying an additional 320 shares in the last quarter. Paladin Wealth LLC boosted its holdings in Synopsys by 22.7% in the third quarter. Paladin Wealth LLC now owns 1,328 shares of the semiconductor company’s stock worth $578,000 after acquiring an additional 246 shares in the last quarter. Finally, Robeco Schweiz AG increased its holdings in shares of Synopsys by 40.5% during the third quarter. Robeco Schweiz AG now owns 36,800 shares of the semiconductor company’s stock valued at $16,006,000 after acquiring an additional 10,600 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of SNPS stock opened at $430.14 on Tuesday. Synopsys has a 52 week low of $362.55 and a 52 week high of $539.48. The company has a market capitalization of $82.43 billion, a price-to-earnings ratio of 76.00, a PEG ratio of 1.75 and a beta of 1.21. The company has a 50-day simple moving average of $430.32 and a 200 day simple moving average of $443.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.34.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.24. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The firm’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the previous year, the company posted $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, sell-side analysts predict that Synopsys will post 11.01 earnings per share for the current year.

Synopsys declared that its Board of Directors has initiated a share repurchase plan on Monday, October 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 1.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Synopsys Company Profile

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.