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

Synopsys, Inc. (NASDAQ:SNPS) CEO Sassine Ghazi sold 14,604 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 76,865 shares of the company’s stock, valued at approximately $35,576,196.60. The trade was a 15.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Performance

SNPS traded down $13.48 on Friday, hitting $454.63. 2,515,910 shares of the stock traded hands, compared to its average volume of 2,657,122. The business has a fifty day moving average price of $427.56 and a two-hundred day moving average price of $441.51. 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 $87.13 billion, a PE ratio of 80.32, a P/E/G ratio of 1.91 and a beta of 1.21. Synopsys, Inc. has a 52 week low of $362.55 and a 52 week high of $539.48.

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 return on equity of 6.24% and a net margin of 11.43%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $3.39 EPS. The company’s quarterly revenue 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 predict that Synopsys, Inc. will post 10.97 EPS for the current fiscal year.

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

Hedge Funds Weigh In On Synopsys

A number of hedge funds have recently modified their holdings of SNPS. Kintegral Advisory LLC boosted its stake in Synopsys by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company’s stock valued at $2,528,000 after buying an additional 32 shares in the last quarter. Avail Investment Partners LLC grew its position in Synopsys by 24.4% in the third quarter. Avail Investment Partners LLC now owns 683 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 134 shares during the period. Wealth Intelligence LLC raised its stake in Synopsys by 4.0% during the third quarter. Wealth Intelligence LLC now owns 1,175 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 45 shares in the last quarter. Banque Pictet & Cie SA raised its stake in Synopsys by 33.9% during the third quarter. Banque Pictet & Cie SA now owns 1,684 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 426 shares in the last quarter. Finally, GFG Capital LLC raised its stake in Synopsys by 23.8% during the third quarter. GFG Capital LLC now owns 7,909 shares of the semiconductor company’s stock worth $3,440,000 after acquiring an additional 1,523 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of recent research reports. Mizuho decreased their price target on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Robert W. Baird upgraded shares of Synopsys from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $558.00 to $560.00 in a research note on Thursday, August 27th. Sanford C. Bernstein started coverage on shares of Synopsys in a report on Friday, September 25th. They set an “outperform” rating for the company. Rosenblatt Securities raised their price objective 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, Weiss Ratings lowered shares of Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. 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 company. Based on data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $571.78.

Synopsys Company Profile

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.