Synopsys, Inc. $SNPS Stock Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,451 shares of the semiconductor company’s stock after buying an additional 4,855 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Synopsys were worth $20,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SNPS. BlackRock Inc. purchased a new position in shares of Synopsys in the second quarter worth approximately $7,228,099,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Synopsys in the second quarter worth approximately $747,400,000. Bank of New York Mellon Corp purchased a new position in shares of Synopsys during the 2nd quarter worth $692,074,000. Bank of America Corp DE purchased a new stake in shares of Synopsys in the 2nd quarter worth $539,986,000. Finally, Legal & General Group Plc purchased a new stake in shares of Synopsys in the 2nd quarter worth $491,923,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Synopsys news, insider Aart de Geus sold 24,641 shares of the business’s stock in a transaction dated 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 sale, the insider owned 120,443 shares in the company, valued at approximately $50,518,611.92. The trade was a 16.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,604 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 76,865 shares in the company, valued at $35,576,196.60. The trade was a 15.97% decrease in their position. 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 have sold a total of 117,163 shares of company stock valued at $51,366,457 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $462.95 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48. The company has a market capitalization of $88.72 billion, a price-to-earnings ratio of 81.79, a PEG ratio of 1.47 and a beta of 1.18. The firm’s 50-day moving average is $441.29 and its 200 day moving average is $442.95.

Synopsys (NASDAQ:SNPS) last posted its quarterly 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. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company’s revenue was up 42.4% on a year-over-year basis. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. Research analysts predict that Synopsys, Inc. will post 11.01 EPS for the current year.

Synopsys announced that its board has initiated a share buyback program on Monday, October 5th that allows the company to repurchase $1 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 1.1% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently commented on SNPS. Rosenblatt Securities raised their price objective on shares of Synopsys from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Needham & Company LLC upped their target price on shares of Synopsys from $580.00 to $620.00 and gave the stock a “buy” rating in a report on Monday, October 12th. KeyCorp increased their price target on Synopsys from $600.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. HSBC cut Synopsys from a “buy” rating to a “reduce” rating in a report on Friday, September 25th. Finally, Zacks Research raised Synopsys from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $575.00.

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.