Synopsys, Inc. $SNPS Stock Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 96.7% in the third quarter, Holdings Channel reports. The firm owned 3,979 shares of the semiconductor company’s stock after buying an additional 1,956 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Synopsys were worth $1,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNPS. BlackRock Inc. acquired a new stake in shares of Synopsys in the 2nd quarter valued at approximately $7,228,099,000. Van ECK Associates Corp boosted its stake in Synopsys by 19.7% during the 2nd quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock worth $1,542,175,000 after acquiring an additional 569,687 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $1,377,174,000 after acquiring an additional 892,736 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Synopsys by 11.2% during the third 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 purchasing an additional 274,586 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Synopsys during the second quarter valued at approximately $747,400,000. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, insider Aart de Geus sold 25,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total transaction of $11,044,000.00. Following the sale, the insider directly owned 120,421 shares in the company, valued at $53,197,180.96. This trade represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Janet Lee sold 1,144 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $502.52, for a total transaction of $574,882.88. Following the sale, the insider owned 16,534 shares in the company, valued at approximately $8,308,665.68. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,163 shares of company stock worth $51,366,457 over the last ninety days. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SNPS has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Synopsys from $580.00 to $620.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Wells Fargo & Company lifted their price target on shares of Synopsys from $475.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price target on shares of Synopsys from $650.00 to $600.00 in a report on Thursday, August 27th. KeyCorp boosted their price target on shares of Synopsys from $600.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $640.00 price objective (up from $590.00) on shares of Synopsys in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $575.00.

Synopsys Trading Up 3.7%

NASDAQ:SNPS opened at $466.97 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The business’s 50-day simple moving average is $442.10 and its 200-day simple moving average is $442.00. Synopsys, Inc. has a fifty-two week low of $362.55 and a fifty-two week high of $539.48. The stock has a market capitalization of $89.49 billion, a PE ratio of 82.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18.

Synopsys (NASDAQ:SNPS) last posted 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 business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the business earned $3.39 EPS. Synopsys’s revenue for the quarter 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. Sell-side analysts expect that Synopsys, Inc. will post 11.01 earnings per share for the current fiscal year.

Synopsys declared that its board has initiated a share buyback program on Monday, October 5th that permits the company to repurchase $1 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire 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 stock is undervalued.

Synopsys Profile

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.