Cohen Capital Management Inc. Purchases 2,585 Shares of Synopsys, Inc. $SNPS

Cohen Capital Management Inc. raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 22.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 14,150 shares of the semiconductor company’s stock after acquiring an additional 2,585 shares during the quarter. Cohen Capital Management Inc.’s holdings in Synopsys were worth $6,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its holdings in shares of Synopsys by 4.7% in the third quarter. Salem Investment Counselors Inc. now owns 3,772 shares of the semiconductor company’s stock worth $1,641,000 after buying an additional 171 shares in the last quarter. Ulland Investment Advisors LLC boosted its position in Synopsys by 4.7% during the third quarter. Ulland Investment Advisors LLC now owns 2,073 shares of the semiconductor company’s stock valued at $902,000 after buying an additional 93 shares during the period. Signal Advisors Wealth LLC bought a new stake in shares of Synopsys in the third quarter worth about $303,000. B. Riley Wealth Advisors Inc. purchased a new stake in Synopsys in the third quarter worth about $211,000. Finally, Affinity Capital Advisors LLC grew its holdings in Synopsys by 364.7% in the third quarter. Affinity Capital Advisors LLC now owns 7,408 shares of the semiconductor company’s stock worth $3,222,000 after purchasing an additional 5,814 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In other news, insider Aart de Geus sold 25,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total value of $11,044,000.00. Following the sale, the insider owned 120,421 shares in the company, valued at $53,197,180.96. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $500.00, for a total value of $4,585,000.00. Following the completion of the transaction, the chief financial officer directly owned 22,717 shares of the company’s stock, valued at approximately $11,358,500. This trade represents a 28.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,559 shares of company stock worth $44,607,141. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNPS. Sanford C. Bernstein assumed coverage on shares of Synopsys in a research note on Friday, September 25th. They set an “outperform” rating on the stock. Mizuho cut their target price on Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. KeyCorp increased their price objective on shares of Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Rosenblatt Securities boosted their target price on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Finally, HSBC lowered shares of Synopsys from a “buy” rating to a “reduce” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $571.78.

Synopsys Trading Down 1.6%

NASDAQ:SNPS opened at $494.51 on Wednesday. The firm has a 50-day simple moving average of $423.97 and a 200-day simple moving average of $440.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.34. The firm has a market cap of $94.77 billion, a P/E ratio of 87.37, a P/E/G ratio of 2.05 and a beta of 1.21. Synopsys, Inc. has a one year low of $362.55 and a one year high of $539.48.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the business posted $3.39 EPS. The business’s revenue was up 42.4% compared to the same quarter last year. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Equities analysts anticipate that Synopsys, Inc. will post 10.97 EPS for the current fiscal year.

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

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.