2,884 Shares in Synopsys, Inc. $SNPS Purchased by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. acquired 2,884 Synopsys shares worth approximately $1.25 million in the third quarter. Institutional investors and hedge funds collectively own 85.47% of the company.
• Synopsys exceeded quarterly expectations, reporting $3.91 in EPS and $2.48 billion in revenue, with revenue up 42.4% year over year. The company also authorized a $1 billion share-buyback program.
• Despite a consensus “Moderate Buy” rating and average analyst price target of $571.78, insiders have been selling shares, including $44.6 million worth over the past 90 days.

First Citizens Bank & Trust Co. bought a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,884 shares of the semiconductor company's stock, valued at approximately $1,254,000.

A number of other institutional investors have also modified their holdings of the business. Sankala Group LLC acquired a new stake in Synopsys during the 4th quarter worth $25,000. Elevation Wealth Partners LLC increased its stake in Synopsys by 96.4% in the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 27 shares during the period. Osbon Capital Management LLC acquired a new position in Synopsys in the second quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Synopsys in the second quarter valued at $28,000. Finally, GK Wealth Management LLC acquired a new position in Synopsys in the third quarter valued at $28,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $468.11 on Friday. 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 stock has a fifty day moving average price of $426.79 and a 200 day moving average price of $441.42. Synopsys, Inc. has a 1-year low of $362.55 and a 1-year high of $539.48. The company has a market cap of $89.71 billion, a PE ratio of 82.71, a P/E/G ratio of 1.96 and a beta of 1.21.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.24. The firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.44 billion. Synopsys had a net margin of 11.43% and a return on equity of 6.24%. The firm's revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts forecast that Synopsys, Inc. will post 10.97 EPS for the current year.

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

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Sudhindra Kankanwadi sold 9,170 shares of Synopsys 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 transaction, the chief financial officer owned 22,717 shares in the company, valued at approximately $11,358,500. The trade was a 28.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Janet Lee sold 1,144 shares of the company's 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 sale, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. This trade represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,559 shares of company stock valued at $44,607,141 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNPS has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Synopsys from $525.00 to $500.00 and set an "equal weight" rating for the company in a report on Wednesday, August 19th. Benchmark reissued a "buy" rating and set a $570.00 price target on shares of Synopsys in a report on Thursday, August 27th. Piper Sandler raised Synopsys from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $450.00 to $550.00 in a report on Tuesday, June 23rd. HSBC cut Synopsys from a "buy" rating to a "reduce" rating in a research report on Friday, September 25th. Finally, Weiss Ratings downgraded Synopsys from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Synopsys has a consensus rating of "Moderate Buy" and an average target price of $571.78.

About Synopsys

Synopsys, Inc is a technology company that develops electronic design automation (EDA) software, semiconductor intellectual property (IP), and software tools used to design, verify, and manufacture advanced electronic systems. Its solutions support the development of semiconductors, systems-on-chip, and electronic products across the design cycle, from initial specification and architecture through testing and production.

The company's offerings include digital and custom integrated-circuit design tools, simulation and verification software, physical design and signoff products, and semiconductor IP such as processor cores, interface technologies, and foundational components.

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