Motley Fool Asset Management LLC Buys 13,219 Shares of Synopsys, Inc. $SNPS

Motley Fool Asset Management LLC bought a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 13,219 shares of the semiconductor company’s stock, valued at approximately $5,749,000.

A number of other large investors also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC boosted its position in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 27 shares during the period. North Dakota State Investment Board grew its stake in shares of Synopsys by 0.5% during the third quarter. North Dakota State Investment Board now owns 5,706 shares of the semiconductor company’s stock valued at $2,482,000 after buying an additional 29 shares during the last quarter. Oak Grove Capital LLC grew its stake in shares of Synopsys by 1.1% during the third quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company’s stock valued at $1,260,000 after buying an additional 32 shares during the last quarter. Kintegral Advisory LLC increased its holdings in shares of Synopsys by 0.6% in the third quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company’s stock worth $2,528,000 after buying an additional 32 shares during the period. Finally, Personal CFO Solutions LLC increased its holdings in shares of Synopsys by 1.4% in the first quarter. Personal CFO Solutions LLC now owns 2,682 shares of the semiconductor company’s stock worth $1,063,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

SNPS stock opened at $481.89 on Thursday. The firm’s 50-day moving average price is $434.30 and its two-hundred day moving average price is $444.12. Synopsys, Inc. has a 12-month low of $362.55 and a 12-month high of $539.48. The stock has a market capitalization of $92.35 billion, a price-to-earnings ratio of 85.14, a PEG ratio of 1.75 and a beta of 1.21. 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 earnings results 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 during 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%. Synopsys’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.39 earnings per share. 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 predict that Synopsys, Inc. will post 11.01 earnings per share for the current year.

Synopsys declared that its Board of Directors has initiated a stock repurchase program on Monday, October 5th that permits the company to repurchase $1 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 1.1% of its shares through open market purchases. Share repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNPS. Sanford C. Bernstein assumed coverage on Synopsys in a research note on Friday, September 25th. They issued an “outperform” rating for the company. Morgan Stanley raised their price target on Synopsys from $500.00 to $574.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Roth Capital raised Synopsys to a “buy” rating in a research note on Friday, September 25th. KeyCorp lifted their price target on Synopsys from $600.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Finally, UBS Group set a $570.00 price objective on Synopsys in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $575.00.

Insider Transactions at Synopsys

In other Synopsys news, insider Janet Lee sold 1,144 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total transaction of $574,882.88. Following the completion of the transaction, the insider owned 16,534 shares of the company’s stock, valued at approximately $8,308,665.68. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the 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 completion of the sale, the chief financial officer directly owned 22,717 shares in the company, valued at approximately $11,358,500. This represents a 28.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 117,163 shares of company stock valued at $51,366,457. Insiders own 0.56% of the company’s stock.

Synopsys 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.