Synopsys, Inc. $SNPS Stock Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,675 shares of the semiconductor company’s stock after selling 1,746 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Synopsys were worth $8,123,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Synopsys during the 2nd quarter worth approximately $7,228,099,000. Van ECK Associates Corp lifted its position in shares of Synopsys by 19.7% during the 2nd quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock valued at $1,542,175,000 after acquiring an additional 569,687 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Synopsys by 40.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,087,349 shares of the semiconductor company’s stock valued at $1,377,174,000 after acquiring an additional 892,736 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Synopsys by 11.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,729,988 shares of the semiconductor company’s stock valued at $1,187,381,000 after acquiring an additional 274,586 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Synopsys during the second quarter worth $747,400,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SNPS. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $640.00 price target (up from $590.00) on shares of Synopsys in a report on Thursday, October 1st. Rosenblatt Securities lifted their price target on shares of Synopsys from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Benchmark reiterated a “buy” rating and set a $570.00 price objective on shares of Synopsys in a report on Thursday, August 27th. Zacks Research raised shares of Synopsys from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Sanford C. Bernstein assumed coverage on shares of Synopsys in a research report on Friday, September 25th. They set an “outperform” rating on the stock. One equities 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. Based on data from MarketBeat, Synopsys has a consensus rating of “Moderate Buy” and a consensus price target of $575.00.

Insider Buying and Selling at Synopsys

In other news, CFO Sudhindra Kankanwadi sold 9,170 shares of the business’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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aart de Geus sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 120,421 shares in the company, valued at $53,197,180.96. This represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 117,163 shares of company stock valued at $51,366,457 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Synopsys Trading Up 1.8%

NASDAQ SNPS opened at $430.14 on Friday. The company has a market cap of $82.43 billion, a price-to-earnings ratio of 76.00, a P/E/G ratio of 1.75 and a beta of 1.21. Synopsys, Inc. has a 52 week low of $362.55 and a 52 week high of $539.48. The business has a 50 day moving average price of $430.32 and a 200-day moving average price of $443.18. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 0.29.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.24. Synopsys had a return on equity of 6.24% and a net margin of 11.43%. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the business earned $3.39 EPS. Synopsys’s quarterly revenue was up 42.4% compared to the same quarter last year. 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, equities analysts expect that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys announced that its Board of Directors has approved a share repurchase program on Monday, October 5th that authorizes the company to repurchase $1.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 1.1% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.