Curated Wealth Partners LLC Sells 42,605 Shares of Synopsys, Inc. $SNPS

Curated Wealth Partners LLC lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 96.4% in the third quarter, HoldingsChannel reports. The firm owned 1,609 shares of the semiconductor company’s stock after selling 42,605 shares during the quarter. Curated Wealth Partners LLC’s holdings in Synopsys were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Synopsys in the second quarter valued at $7,228,099,000. Van ECK Associates Corp boosted its holdings in shares of Synopsys by 19.7% in the 2nd quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock valued at $1,542,175,000 after purchasing an additional 569,687 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Synopsys by 40.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,087,349 shares of the semiconductor company’s stock valued at $1,377,174,000 after acquiring an additional 892,736 shares during the period. Assenagon Asset Management S.A. grew its position in Synopsys by 39.5% in the second quarter. Assenagon Asset Management S.A. now owns 2,455,402 shares of the semiconductor company’s stock valued at $1,095,281,000 after acquiring an additional 695,146 shares in the last quarter. Finally, Amundi lifted its position in shares of Synopsys by 3.6% during the first quarter. Amundi now owns 1,761,983 shares of the semiconductor company’s stock worth $698,591,000 after purchasing an additional 61,077 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Price Performance

SNPS stock opened at $468.11 on Friday. Synopsys, Inc. has a one year low of $362.55 and a one year high of $539.48. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $89.71 billion, a PE ratio of 82.71, a P/E/G ratio of 1.96 and a beta of 1.21. The firm has a 50-day moving average of $426.79 and a two-hundred day moving average of $441.42.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) 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 the consensus estimate of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The company’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, analysts forecast that Synopsys, Inc. will post 10.97 earnings per share for the current year.

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

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 14,604 shares of Synopsys stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $374.88, for a total value of $5,474,747.52. Following the completion of the transaction, the chief executive officer directly owned 76,865 shares of the company’s stock, valued at $28,815,151.20. The trade was a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Janet Lee sold 1,144 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $8,308,665.68. The trade was a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 102,559 shares of company stock valued at $44,607,141. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. BNP Paribas Exane lifted their price target on shares of Synopsys from $420.00 to $475.00 and gave the company a “neutral” rating in a report on Thursday, October 1st. Morgan Stanley lowered their target price on Synopsys from $525.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. KeyCorp upped their price objective 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 shares of Synopsys in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.