Synopsys (NASDAQ:SNPS) Stock: Insider Sassine Ghazi Sells 14,604 Shares

Synopsys, Inc. (NASDAQ:SNPS) CEO Sassine Ghazi sold 14,604 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $462.84, for a total value of $6,759,315.36. Following the completion of the sale, the chief executive officer owned 76,865 shares in the company, valued at $35,576,196.60. The trade was a 15.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sassine Ghazi also recently made the following trade(s):

• On Tuesday, September 15th, Sassine Ghazi sold 14,604 shares of Synopsys stock. The stock was sold at an average price of $374.88, for a total value of $5,474,747.52.

Synopsys Stock Down 2.9%

Shares of SNPS traded down $13.48 during mid-day trading on Friday, hitting $454.63. 2,515,910 shares of the company’s stock were exchanged, compared to its average volume of 2,058,492. The company has a market cap of $87.12 billion, a PE ratio of 80.32, a P/E/G ratio of 1.96 and a beta of 1.21. Synopsys, Inc. has a 52 week low of $362.55 and a 52 week high of $539.48. The company has a 50-day simple moving average of $426.79 and a 200 day simple moving average of $441.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts forecast that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

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

Institutional Trading of Synopsys

Several institutional investors and hedge funds have recently bought and sold shares of SNPS. Sankala Group LLC bought a new position in shares of Synopsys during the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its holdings in shares of Synopsys by 96.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 27 shares during the last quarter. Osbon Capital Management LLC acquired a new position in shares of Synopsys during the 2nd quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Synopsys in the 2nd quarter valued at $28,000. Finally, GK Wealth Management LLC bought a new stake in Synopsys in the 3rd quarter valued at $28,000. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SNPS shares. UBS Group set a $570.00 price target on Synopsys in a research report on Thursday, August 27th. Wells Fargo & Company boosted their price target on Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, October 1st. Sanford C. Bernstein began coverage on Synopsys in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Mizuho dropped their price objective on Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Finally, BNP Paribas Exane increased 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $571.78.

About Synopsys

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.