Formidable Asset Management LLC Acquires 2,373 Shares of Synopsys, Inc. $SNPS

Formidable Asset Management LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 133.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,153 shares of the semiconductor company’s stock after purchasing an additional 2,373 shares during the period. Formidable Asset Management LLC’s holdings in Synopsys were worth $1,833,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tamar Securities LLC increased its position in shares of Synopsys by 0.9% during the third quarter. Tamar Securities LLC now owns 54,453 shares of the semiconductor company’s stock worth $23,684,000 after acquiring an additional 488 shares during the period. United Advisor Group LLC grew its stake in Synopsys by 57.6% during the 3rd quarter. United Advisor Group LLC now owns 1,291 shares of the semiconductor company’s stock worth $562,000 after purchasing an additional 472 shares in the last quarter. Waycross Partners LLC acquired a new position in Synopsys during the 3rd quarter worth $449,000. Ashton Thomas Private Wealth LLC acquired a new position in Synopsys during the 3rd quarter worth $274,000. Finally, Asset One Wealth Management LLC increased its holdings in Synopsys by 15.5% during the 3rd quarter. Asset One Wealth Management LLC now owns 9,985 shares of the semiconductor company’s stock worth $4,343,000 after purchasing an additional 1,337 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SNPS. Bank of America increased their price target on Synopsys from $500.00 to $600.00 in a research report on Thursday, October 1st. Weiss Ratings downgraded Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Barclays initiated coverage on Synopsys in a research report on Friday, September 25th. They set an “overweight” rating for the company. Wells Fargo & Company upped their target price on shares of Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Finally, Robert W. Baird raised shares of Synopsys from a “neutral” rating to an “outperform” rating and raised their target price for the company from $558.00 to $560.00 in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and an average target price of $575.00.

Synopsys Stock Performance

Shares of SNPS stock opened at $450.46 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $441.61 and a 200 day moving average price of $442.27. The company has a market cap of $86.33 billion, a P/E ratio of 79.59, a PEG ratio of 1.43 and a beta of 1.18. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48.

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 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 firm earned $3.39 earnings per share. Synopsys’s quarterly 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. Sell-side analysts predict that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys announced that its Board of Directors has authorized a stock repurchase program on Monday, October 5th that authorizes the company to repurchase $1 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 1.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Janet Lee sold 1,144 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total value of $574,882.88. Following the transaction, the insider owned 16,534 shares in the company, valued at approximately $8,308,665.68. This represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sudhindra Kankanwadi sold 9,170 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $500.00, for a total value of $4,585,000.00. Following the sale, the chief financial officer directly owned 22,717 shares in the company, valued at $11,358,500. This trade represents a 28.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 117,163 shares of company stock valued at $51,366,457. 0.56% of the stock is owned by insiders.

About Synopsys

Synopsys, Inc develops software, semiconductor intellectual property (IP) and services used to design and verify electronic systems. Its electronic design automation (EDA) tools help customers create, simulate, test and validate chips and other complex electronic products, while its IP portfolio provides reusable building blocks for semiconductor designs.

The company also offers software security and quality tools that help developers identify vulnerabilities and assess applications throughout the software development process.