Synopsys, Inc. $SNPS Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.1% in the third quarter, Holdings Channel reports. The fund owned 32,391 shares of the semiconductor company’s stock after selling 3,629 shares during the quarter. State of Alaska Department of Revenue’s holdings in Synopsys were worth $14,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Formuepleje A S grew its stake in shares of Synopsys by 18.1% in the 3rd quarter. Formuepleje A S now owns 7,428 shares of the semiconductor company’s stock worth $3,231,000 after buying an additional 1,136 shares in the last quarter. Nvwm LLC increased its holdings in shares of Synopsys by 3.1% in the 3rd quarter. Nvwm LLC now owns 3,411 shares of the semiconductor company’s stock worth $1,484,000 after buying an additional 104 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of Synopsys by 246.9% during the 3rd quarter. Fortitude Family Office LLC now owns 170 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 121 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Synopsys during the 3rd quarter valued at about $1,254,000. Finally, Roberts Wealth Advisors LLC raised its position in shares of Synopsys by 4.3% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 5,169 shares of the semiconductor company’s stock valued at $2,248,000 after buying an additional 214 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SNPS shares. Bank of America lifted their price target on Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. Wells Fargo & Company boosted their price objective on Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Sanford C. Bernstein assumed coverage on Synopsys in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Finally, Barclays assumed coverage on Synopsys in a research note on Friday, September 25th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average price target of $571.78.

Insiders Place Their Bets

In other Synopsys news, CFO Sudhindra Kankanwadi sold 9,170 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total value of $4,585,000.00. Following the transaction, the chief financial officer owned 22,717 shares of the company’s stock, valued at $11,358,500. This represents a 28.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Janet Lee sold 1,144 shares of the company’s 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 transaction, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. This trade represents a 6.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 102,559 shares of company stock worth $44,607,141. Corporate insiders own 0.56% of the company’s stock.

Synopsys Trading Down 2.9%

Shares of SNPS stock traded down $13.84 during trading hours on Thursday, reaching $466.09. 1,549,640 shares of the stock were exchanged, compared to its average volume of 2,047,488. The firm has a market capitalization of $89.32 billion, a price-to-earnings ratio of 82.21, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21. Synopsys, Inc. has a 12-month low of $362.55 and a 12-month high of $539.48. The company’s 50-day moving average price is $425.55 and its 200-day moving average price is $440.80. 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 (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.24. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts anticipate that Synopsys, Inc. will post 10.97 earnings per share for the current year.

Synopsys announced that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its shares are undervalued.

Synopsys Profile

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and software tools used to design, verify, and manufacture advanced electronic systems. Its solutions support the development of semiconductors, systems-on-chip, and electronic products across the design cycle, from initial specification and architecture through testing and production.

The company’s offerings include digital and custom integrated-circuit design tools, simulation and verification software, physical design and signoff products, and semiconductor IP such as processor cores, interface technologies, and foundational components.