Synopsys, Inc. $SNPS Position Increased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 176.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,545 shares of the semiconductor company’s stock after buying an additional 1,625 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Synopsys were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norway Savings Bank increased its position in Synopsys by 7.3% in the 3rd quarter. Norway Savings Bank now owns 2,211 shares of the semiconductor company’s stock valued at $962,000 after acquiring an additional 150 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Synopsys by 2.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,644 shares of the semiconductor company’s stock valued at $25,507,000 after acquiring an additional 1,534 shares during the last quarter. Midway Capital Research & Management raised its stake in Synopsys by 0.6% during the 3rd quarter. Midway Capital Research & Management now owns 6,549 shares of the semiconductor company’s stock valued at $2,848,000 after acquiring an additional 40 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust lifted its position in Synopsys by 21.3% during 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 during the period. Finally, Investment Research Partners LLC lifted its position in Synopsys by 24.0% during the 3rd quarter. Investment Research Partners LLC now owns 693 shares of the semiconductor company’s stock worth $301,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNPS. Piper Sandler upgraded Synopsys from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $450.00 to $550.00 in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. cut their price target on Synopsys from $650.00 to $600.00 in a research note on Thursday, August 27th. Bank of America increased their price target on Synopsys from $500.00 to $600.00 in a report on Thursday, October 1st. Rothschild & Co Redburn lowered their price objective on shares of Synopsys from $560.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, Benchmark reissued a “buy” rating and issued a $570.00 price objective 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-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.78.

Synopsys Price Performance

NASDAQ:SNPS traded down $9.19 during trading hours on Tuesday, hitting $445.39. The company’s stock had a trading volume of 590,745 shares, compared to its average volume of 2,050,733. The business’s 50-day moving average is $428.42 and its two-hundred day moving average is $442.33. The company has a market capitalization of $85.35 billion, a PE ratio of 78.65, a PEG ratio of 1.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.34. Synopsys, Inc. has a 52-week low of $362.55 and a 52-week high of $539.48.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.24. The company had revenue of $2.48 billion during 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%. Synopsys’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts anticipate that Synopsys, Inc. will post 10.97 EPS for the current fiscal year.

Synopsys announced that its Board of Directors has approved a stock buyback program on Monday, October 5th that permits the company to buy back $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 1.1% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 14,604 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 76,865 shares in the company, valued at approximately $35,576,196.60. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a 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, insider Janet Lee sold 1,144 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $502.52, for a total transaction of $574,882.88. Following the completion of the transaction, the insider directly owned 16,534 shares of the company’s stock, valued at approximately $8,308,665.68. This trade represents a 6.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 117,163 shares of company stock worth $51,366,457 over the last three months. 0.56% of the stock is currently owned by company insiders.

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.