Sequoia Financial Advisors LLC Acquires 2,377 Shares of Synopsys, Inc. $SNPS

Sequoia Financial Advisors LLC lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 19.0% in the second quarter, Holdings Channel.com reports. The fund owned 14,866 shares of the semiconductor company’s stock after purchasing an additional 2,377 shares during the period. Sequoia Financial Advisors LLC’s holdings in Synopsys were worth $6,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sankala Group LLC purchased a new position in shares of Synopsys during the 4th quarter valued at $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Synopsys by 96.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Osbon Capital Management LLC bought a new position in Synopsys during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Synopsys during the 2nd quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Synopsys during the fourth quarter valued at about $28,000. 85.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SNPS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 target price on shares of Synopsys in a research note on Thursday, August 27th. Zacks Research downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $575.00 price target on shares of Synopsys in a research note on Tuesday, August 25th. Berenberg Bank set a $633.00 price objective on Synopsys in a research report on Wednesday, May 27th. Finally, Citigroup lifted their target price on shares of Synopsys from $600.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $562.67.

Synopsys Stock Up 0.1%

SNPS stock opened at $397.38 on Friday. The business’s 50-day moving average is $407.30 and its two-hundred day moving average is $438.00. Synopsys, Inc. has a fifty-two week low of $366.00 and a fifty-two week high of $539.48. 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 has a market cap of $76.15 billion, a price-to-earnings ratio of 70.21, a P/E/G ratio of 2.18 and a beta of 1.23.

Synopsys (NASDAQ:SNPS) last announced 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 company had revenue of $2.48 billion during 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%. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 earnings per share. Synopsys has set its Q4 2026 guidance at 4.100-4.160 EPS and its FY 2026 guidance at 15.040-15.100 EPS. As a group, analysts forecast that Synopsys, Inc. will post 10.97 earnings per share for the current year.

Insider Transactions at Synopsys

In related news, insider Aart de Geus sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $441.76, for a total transaction of $11,044,000.00. Following the completion of the transaction, the insider directly owned 120,421 shares in the company, valued at approximately $53,197,180.96. The trade was a 17.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the completion of the transaction, the chief executive officer owned 75,020 shares of the company’s stock, valued at approximately $34,431,179.20. The trade was a 16.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 89,244 shares of company stock worth $39,220,364. Insiders own 0.56% of the company’s stock.

About Synopsys

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and related services. Its products help semiconductor and electronics companies design, verify, test and manufacture integrated circuits and complex electronic systems.

The company’s EDA portfolio includes tools for digital and analog design, simulation, verification, physical implementation, signoff and manufacturing preparation. Synopsys also provides reusable semiconductor IP, including processor cores, interface technologies, embedded memories and security-related components, which customers can incorporate into system-on-chip designs.

Synopsys additionally offers software integrity and application security solutions that help organizations identify and manage vulnerabilities and risks in the software development lifecycle.