Synopsys, Inc. $SNPS Stock Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 20,188.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,826 shares of the semiconductor company’s stock after purchasing an additional 1,817 shares during the period. Provenance Wealth Advisors LLC’s holdings in Synopsys were worth $794,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Synopsys during the second quarter valued at about $747,400,000. Man Group plc purchased a new position in shares of Synopsys during the second quarter valued at approximately $55,900,000. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust grew its stake in shares of Synopsys by 21.3% in the 3rd quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust now owns 31,144 shares of the semiconductor company’s stock worth $13,546,000 after acquiring an additional 5,476 shares in the last quarter. Nykredit A S bought a new position in shares of Synopsys during the 2nd quarter worth approximately $23,158,000. Finally, Bank of America Corp DE purchased a new position in Synopsys in the second quarter worth $539,986,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of SNPS stock opened at $462.95 on Thursday. The company has a market capitalization of $88.72 billion, a price-to-earnings ratio of 81.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.34. The company’s 50-day moving average is $441.29 and its 200 day moving average is $442.95. Synopsys, Inc. has a one year low of $362.55 and a one year high of $539.48.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data 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 business 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 firm’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts expect that Synopsys, Inc. will post 11.01 EPS for the current fiscal year.

Synopsys announced that its Board of Directors has approved a stock buyback plan on Monday, October 5th that permits the company to buy back $1 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 1.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Synopsys

In other news, CFO Sudhindra Kankanwadi sold 9,170 shares of the company’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 sale, the chief financial officer owned 22,717 shares of the company’s stock, valued at $11,358,500. This represents a 28.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 14,604 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 76,865 shares of the company’s stock, valued at approximately $35,576,196.60. This represents 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. In the last quarter, insiders have sold 117,163 shares of company stock valued at $51,366,457. 0.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SNPS. Rosenblatt Securities lifted their price target on shares of Synopsys from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Roth Capital raised Synopsys to a “buy” rating in a report on Friday, September 25th. Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. HSBC cut shares of Synopsys from a “buy” rating to a “reduce” rating in a research report on Friday, September 25th. Finally, Benchmark reissued a “buy” rating and set a $570.00 price target on shares of Synopsys in a research note on Thursday, August 27th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $575.00.

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.