Mirae Asset Global Investments Co. Ltd. Purchases 173,735 Shares of Synopsys, Inc. $SNPS

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, Holdings Channel reports. The fund purchased 173,735 shares of the semiconductor company’s stock, valued at approximately $75,564,000.

A number of other large investors also recently modified their holdings of the business. Elevation Wealth Partners LLC increased its position 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 acquiring an additional 27 shares during the last quarter. North Dakota State Investment Board raised its holdings in Synopsys by 0.5% during the third quarter. North Dakota State Investment Board now owns 5,706 shares of the semiconductor company’s stock worth $2,482,000 after acquiring an additional 29 shares in the last quarter. Oak Grove Capital LLC raised its holdings in Synopsys by 1.1% during the third quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company’s stock worth $1,260,000 after acquiring an additional 32 shares in the last quarter. Kintegral Advisory LLC boosted its position in Synopsys by 0.6% during the third quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company’s stock valued at $2,528,000 after purchasing an additional 32 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its position in Synopsys by 1.4% during the first quarter. Personal CFO Solutions LLC now owns 2,682 shares of the semiconductor company’s stock valued at $1,063,000 after purchasing an additional 36 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

Shares of SNPS opened at $467.61 on Friday. The firm has a market capitalization of $89.61 billion, a PE ratio of 82.62, a PEG ratio of 1.90 and a beta of 1.21. The company’s 50-day moving average is $437.48 and its 200-day moving average is $443.62. Synopsys, Inc. has a fifty-two week low of $362.55 and a fifty-two week high of $539.48. 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 posted 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. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the company posted $3.39 EPS. Synopsys’s quarterly revenue 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. Equities analysts forecast that Synopsys, Inc. will post 11.01 EPS for the current year.

Synopsys declared that its Board of Directors has approved a share repurchase plan on Monday, October 5th that permits the company to buy back $1 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 1.1% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of analyst reports. Roth Capital upgraded Synopsys to a “buy” rating in a research note on Friday, September 25th. Rosenblatt Securities upped their price objective on Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. KeyCorp increased their price objective on Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Finally, HSBC cut shares of Synopsys from a “buy” rating to a “reduce” rating in a research note on Friday, September 25th. One equities research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $575.00.

Insider Transactions at Synopsys

In other news, insider Aart de Geus sold 24,641 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $419.44, for a total transaction of $10,335,421.04. Following the transaction, the insider owned 120,443 shares in the company, valued at approximately $50,518,611.92. This trade represents a 16.98% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,604 shares of Synopsys stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $462.84, for a total value of $6,759,315.36. Following the sale, the chief executive officer directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 117,163 shares of company stock worth $51,366,457. Insiders own 0.56% of the company’s stock.

About Synopsys

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.