Synopsys, Inc. $SNPS Stock Holdings Reduced by Profund Advisors LLC

Profund Advisors LLC cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,609 shares of the semiconductor company’s stock after selling 1,271 shares during the quarter. Profund Advisors LLC’s holdings in Synopsys were worth $6,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its stake in shares of Synopsys by 96.4% in 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 in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Synopsys during the second quarter worth about $25,000. IMG Wealth Management Inc. bought a new stake in shares of Synopsys during the 2nd quarter valued at about $28,000. GK Wealth Management LLC bought a new stake in shares of Synopsys in the 3rd quarter worth $28,000. Finally, Geneos Wealth Management Inc. raised its position in Synopsys by 151.5% during the first quarter. Geneos Wealth Management Inc. now owns 83 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity at Synopsys

In other Synopsys news, insider Janet Lee sold 1,144 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total value of $574,882.88. Following the sale, the insider owned 16,534 shares in the company, valued at $8,308,665.68. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sassine Ghazi sold 14,604 shares of the company’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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 117,163 shares of company stock valued at $51,366,457 over the last three months. 0.56% of the stock is owned by company insiders.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $467.61 on Friday. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The company has a 50-day simple moving average of $437.48 and a 200-day simple moving average of $443.62. The company has a market cap of $89.61 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.24. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. Synopsys’s revenue for the quarter 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. On average, equities analysts anticipate that Synopsys, Inc. will post 11.01 earnings per share for the current year.

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

Wall Street Analyst Weigh In

SNPS has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Synopsys from $650.00 to $600.00 in a research report on Thursday, August 27th. KeyCorp upped their price target on shares of Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Weiss Ratings lowered Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. UBS Group set a $570.00 price target on shares of Synopsys in a research note on Thursday, August 27th. Finally, BNP Paribas Exane boosted their price target 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-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $575.00.

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.