Synopsys, Inc. $SNPS Stock: Nisa Investment Advisors LLC Lowers Holdings

Key Points

• Nisa Investment Advisors cut its Synopsys stake by 11.7% in the third quarter, leaving it with 35,654 shares valued at approximately $15.5 million. Institutional investors collectively own 85.47% of SNPS.
• Synopsys insiders sold approximately $51.4 million of stock over the past three months, including sales by the CFO and CEO. The CEO’s transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• The company reported quarterly EPS of $3.91 and revenue of $2.48 billion, exceeding analyst expectations, while revenue rose 42.4% year over year. Synopsys also authorized a $1 billion share repurchase, and analysts maintain a “Moderate Buy” consensus with an average price target of $575.

Nisa Investment Advisors LLC trimmed its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 11.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,654 shares of the semiconductor company's stock after selling 4,731 shares during the period. Nisa Investment Advisors LLC's holdings in Synopsys were worth $15,507,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SNPS. AGH Wealth Advisors LLC grew its position in Synopsys by 4.4% during the 1st quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company's stock worth $226,000 after acquiring an additional 24 shares during the last quarter. Elevation Wealth Partners LLC raised its position 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 last quarter. Bar Harbor Wealth Management raised its position in Synopsys by 0.7% in the first quarter. Bar Harbor Wealth Management now owns 4,181 shares of the semiconductor company's stock valued at $1,658,000 after purchasing an additional 31 shares during the last quarter. Oak Grove Capital LLC raised its position in Synopsys by 1.1% in the third quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company's stock valued at $1,260,000 after purchasing an additional 32 shares during the last quarter. Finally, Kintegral Advisory LLC boosted its stake in shares of Synopsys by 0.6% during the third quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company's stock valued at $2,528,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Insider Buying and Selling

In other Synopsys news, CFO Sudhindra Kankanwadi sold 9,170 shares of the stock in a transaction that occurred on 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 owned 22,717 shares of the company's stock, valued at approximately $11,358,500. This represents a 28.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 14,604 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 76,865 shares of the company's stock, valued at $35,576,196.60. This represents a 15.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 117,163 shares of company stock valued at $51,366,457. Insiders own 0.56% of the company's stock.

Synopsys Trading Up 0.8%

NASDAQ SNPS opened at $451.19 on Thursday. The firm has a market capitalization of $86.46 billion, a PE ratio of 79.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. The business's 50-day moving average price is $429.93 and its two-hundred day moving average price is $443.08. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.29. Synopsys, Inc. has a 12 month low of $362.55 and a 12 month high of $539.48.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the company earned $3.39 earnings per share. The firm's 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. On average, analysts expect that Synopsys, Inc. will post 11.00 EPS for the current year.

Synopsys announced that its board has authorized a stock buyback program on Monday, October 5th that permits the company to repurchase $1.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 1.1% of its shares through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group set a $570.00 price target on Synopsys in a report on Thursday, August 27th. Needham & Company LLC raised their price objective on shares of Synopsys from $580.00 to $620.00 and gave the company a "buy" rating in a report on Monday, October 12th. Barclays began coverage on shares of Synopsys in a research report on Friday, September 25th. They set an "overweight" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $640.00 target price (up from $590.00) on shares of Synopsys in a report on Thursday, October 1st. Finally, Mizuho decreased their price target on shares of Synopsys from $600.00 to $550.00 and set an "outperform" rating for the company in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Synopsys has a consensus rating of "Moderate Buy" and a consensus target price of $575.00.

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.

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