Capital Investment Services of America Inc. Acquires 1,903 Shares of Synopsys, Inc. $SNPS

Capital Investment Services of America Inc. lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,810 shares of the semiconductor company’s stock after buying an additional 1,903 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Synopsys were worth $14,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its position in shares of Synopsys by 18.1% in the third quarter. Chicago Partners Investment Group LLC now owns 4,564 shares of the semiconductor company’s stock worth $1,963,000 after purchasing an additional 699 shares during the period. Rakuten Investment Management Inc. increased its stake in shares of Synopsys by 10.6% in the third quarter. Rakuten Investment Management Inc. now owns 50,451 shares of the semiconductor company’s stock worth $20,942,000 after purchasing an additional 4,855 shares in the last quarter. Provenance Wealth Advisors LLC raised its position in shares of Synopsys by 20,188.9% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,826 shares of the semiconductor company’s stock valued at $794,000 after purchasing an additional 1,817 shares during the period. Associated Banc Corp purchased a new position in shares of Synopsys during the 3rd quarter valued at $263,000. Finally, Family CFO Inc purchased a new position in shares of Synopsys during the 3rd quarter valued at $414,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. HSBC downgraded Synopsys from a “buy” rating to a “reduce” rating in a research note on Friday, September 25th. Sanford C. Bernstein started coverage on shares of Synopsys in a report on Friday, September 25th. They set an “outperform” rating for the company. JPMorgan Chase & Co. cut their price objective on Synopsys from $650.00 to $600.00 in a research report on Thursday, August 27th. Weiss Ratings cut Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Finally, Rosenblatt Securities boosted their target price on Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $575.00.

Synopsys Stock Up 0.0%

Synopsys stock opened at $462.95 on Thursday. The business has a fifty day moving average price of $441.29 and a 200-day moving average price of $442.95. The stock has a market capitalization of $88.72 billion, a price-to-earnings ratio of 47.04, a PEG ratio of 1.47 and a beta of 1.18. Synopsys, Inc. has a 1-year low of $362.55 and a 1-year 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 released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.24. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The firm’s revenue was up 42.4% on a year-over-year basis. During the same period 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. Equities research analysts forecast that Synopsys, Inc. will post 11.01 EPS for the current fiscal year.

Synopsys announced that its Board of Directors has authorized a share buyback plan on Monday, October 5th that permits the company to repurchase $1 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 1.1% of its shares through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 14,604 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 76,865 shares of the company’s stock, valued at $28,815,151.20. This trade represents a 15.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total value of $4,585,000.00. Following the completion of the transaction, the chief financial officer owned 22,717 shares of the company’s stock, valued at $11,358,500. The trade was a 28.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 117,163 shares of company stock valued at $51,366,457. Company insiders own 0.56% of the company’s stock.

Synopsys Company 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.