Synopsys, Inc. $SNPS Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 18,675 shares of the semiconductor company’s stock after selling 1,746 shares during the period. Middleton & Co. Inc. MA’s holdings in Synopsys were worth $8,123,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Synopsys in the 2nd quarter worth $7,228,099,000. Van ECK Associates Corp raised its holdings in shares of Synopsys by 19.7% in the second 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 holdings in shares of Synopsys by 40.7% in the second 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 purchasing an additional 892,736 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Synopsys by 11.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,729,988 shares of the semiconductor company’s stock valued at $1,187,381,000 after purchasing an additional 274,586 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 valued at $698,591,000 after purchasing an additional 61,077 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Up 1.8%

Shares of Synopsys stock opened at $430.14 on Friday. Synopsys, Inc. has a 1 year low of $362.55 and a 1 year high of $539.48. The firm has a market cap of $82.43 billion, a PE ratio of 76.00, a P/E/G ratio of 1.75 and a beta of 1.21. The stock has a fifty day moving average price of $430.32 and a 200-day moving average price of $443.18. 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 released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.24. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Equities research analysts anticipate that Synopsys, Inc. will post 11.01 EPS for the current year.

Synopsys announced that its Board of Directors has initiated a stock buyback program on Monday, October 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 1.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price objective on shares of Synopsys from $650.00 to $600.00 in a research note on Thursday, August 27th. Sanford C. Bernstein initiated coverage on shares of Synopsys in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Morgan Stanley boosted their target price on Synopsys from $500.00 to $574.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $575.00.

Insider Activity at Synopsys

In other Synopsys news, insider Janet Lee sold 1,144 shares of Synopsys stock in a transaction dated Tuesday, October 6th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $4,585,000.00. Following the completion of the transaction, the chief financial officer owned 22,717 shares in the company, valued at approximately $11,358,500. The trade was a 28.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,163 shares of company stock worth $51,366,457 in the last ninety days. Corporate 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.