Bath Savings Trust Co lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,221 shares of the semiconductor company’s stock after acquiring an additional 1,365 shares during the quarter. Bath Savings Trust Co’s holdings in Synopsys were worth $5,315,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SNPS. Byrne Asset Management LLC lifted its position in shares of Synopsys by 10,693.3% during the 3rd quarter. Byrne Asset Management LLC now owns 1,619 shares of the semiconductor company’s stock valued at $704,000 after buying an additional 1,604 shares in the last quarter. Rockland Trust Co. purchased a new stake in Synopsys in the 3rd quarter worth $244,000. Polaris Financial Partners purchased a new stake in Synopsys in the 3rd quarter worth $41,000. Sequoia Financial Advisors LLC raised its position in Synopsys by 19.0% during the second quarter. Sequoia Financial Advisors LLC now owns 14,866 shares of the semiconductor company’s stock worth $6,631,000 after acquiring an additional 2,377 shares during the period. Finally, Gemmer Asset Management LLC acquired a new position in Synopsys during the second quarter worth $224,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CFO Sudhindra Kankanwadi sold 9,170 shares of the stock in a transaction on Tuesday, October 6th. The stock was 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 directly owned 22,717 shares in the company, valued at approximately $11,358,500. This represents a 28.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 14,604 shares of the firm’s 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 102,559 shares of company stock worth $44,607,141 in the last three months. 0.56% of the stock is owned by insiders.
Synopsys Price Performance
Synopsys (NASDAQ:SNPS – Get Free Report) last posted its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.24. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. Synopsys’s revenue was up 42.4% on a year-over-year basis. 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. On average, research analysts predict that Synopsys, Inc. will post 10.97 earnings per share for the current year.
Synopsys declared that its board has authorized a share buyback program on Monday, October 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 1.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Key Stories Impacting Synopsys
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: New AI chip-design alliances with OpenAI and Amazon reinforce Synopsys’ position as a key supplier of software used to design advanced AI semiconductors. The expanded Amazon relationship has been described as a potential $1 billion opportunity. Synopsys Is Up 17.7% After New AI Chip-Design Alliances With OpenAI And Amazon
- Positive Sentiment: Synopsys’ board authorized a $1 billion share-repurchase program, potentially covering about 1.1% of outstanding shares. Buybacks can support earnings per share and signal management believes the stock has long-term value. Stock Repurchase Program Declared by Synopsys
- Positive Sentiment: Recent commentary argues SNPS remains strategically important because AI chips generally require Synopsys software before reaching fabrication. Analysts and investors have also lifted fair-value estimates following the AI partnerships and Investor Day, suggesting the long-term growth outlook may offset concerns about acquisition debt and slower overall EDA growth. Synopsys Stock Fair Value Edges Higher After AI Deals And Investor Day
- Neutral Sentiment: Synopsys trades at a demanding valuation, with a price-to-earnings ratio near 89 and a PEG ratio near 2.0. A comparison with Progress Software highlights the debate over whether SNPS’ AI exposure justifies its premium relative to other software stocks. PRGS vs. SNPS: Which Stock Should Value Investors Buy Now?
- Negative Sentiment: CFO Sudhindra Kankanwadi sold a combined 12,170 shares for roughly $6.0 million across October 5 and 6, reducing his direct holdings by about 40%. Although insider sales do not necessarily indicate deteriorating fundamentals, the transactions may weigh on sentiment after the recent rally. Synopsys Insider Selling
- Negative Sentiment: One market analysis notes that SNPS shares have declined after several recent earnings beats, suggesting investor expectations are unusually high and that strong results may already be priced in. Synopsys Is Hot Again But a Pattern Has Emerged
Analysts Set New Price Targets
Several brokerages have recently issued reports on SNPS. Mizuho dropped their target price on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating on the stock in a research report on Thursday, August 27th. Morgan Stanley decreased their price target on shares of Synopsys from $525.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 19th. Piper Sandler upgraded Synopsys from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $450.00 to $550.00 in a research note on Tuesday, June 23rd. Robert W. Baird raised Synopsys from a “neutral” rating to an “outperform” rating and increased their target price for the company from $558.00 to $560.00 in a report on Thursday, August 27th. Finally, Sanford C. Bernstein initiated coverage on Synopsys in a research note on Friday, September 25th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.11.
View Our Latest Research Report on SNPS
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.
Featured Articles
- Five stocks we like better than Synopsys
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
