Synopsys, Inc. $SNPS Stock: Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Grows Holdings

Key Points

• Retail Employees Superannuation Trust increased its Synopsys stake by 21.3% in the third quarter, bringing its holdings to 31,144 shares valued at approximately $13.5 million. Institutional investors collectively own 85.47% of SNPS.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $571.78. Recent upgrades lifted targets as high as $605.
• Synopsys exceeded quarterly earnings and revenue expectations, reporting $3.91 EPS and $2.48 billion in revenue, while revenue rose 42.4% year over year. The company also authorized a $1 billion share buyback, although insiders have sold more than $51 million of stock over the past three months.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,144 shares of the semiconductor company's stock after acquiring an additional 5,476 shares during the quarter. Synopsys comprises about 3.3% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's investment portfolio, making the stock its 9th largest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's holdings in Synopsys were worth $13,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. AGH Wealth Advisors LLC raised its position in shares of Synopsys by 4.4% in the first quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company's stock valued at $226,000 after buying an additional 24 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company's stock worth $25,000 after buying an additional 27 shares in the last quarter. Bar Harbor Wealth Management grew its position in Synopsys by 0.7% during the first quarter. Bar Harbor Wealth Management now owns 4,181 shares of the semiconductor company's stock worth $1,658,000 after buying an additional 31 shares in the last quarter. Oak Grove Capital LLC increased its stake in Synopsys by 1.1% during the 3rd quarter. Oak Grove Capital LLC now owns 2,898 shares of the semiconductor company's stock worth $1,260,000 after acquiring an additional 32 shares during the period. Finally, Kintegral Advisory LLC increased its stake in Synopsys by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 5,812 shares of the semiconductor company's stock worth $2,528,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 85.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler upgraded Synopsys from a "neutral" rating to an "overweight" rating and upped their target price for the company from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Robert W. Baird upgraded Synopsys from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $558.00 to $560.00 in a research report on Thursday, August 27th. Weiss Ratings downgraded Synopsys from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. KeyCorp boosted their price target on Synopsys from $600.00 to $605.00 and gave the company an "overweight" rating in a research note on Thursday, October 1st. Finally, Rothschild & Co Redburn cut their price objective on shares of Synopsys from $560.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.78.

Synopsys Stock Down 0.0%

NASDAQ SNPS opened at $454.58 on Tuesday. The business has a fifty day moving average price of $428.42 and a two-hundred day moving average price of $442.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. 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 $87.12 billion, a PE ratio of 80.31, a PEG ratio of 1.85 and a beta of 1.21.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.44 billion. During the same quarter last year, the company posted $3.39 EPS. The company'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. Equities analysts expect that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys declared that its board has initiated a stock buyback plan on Monday, October 5th that allows the company to repurchase $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 1.1% of its shares through open market purchases. Share buyback plans are generally a sign that the company's management believes its stock is 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 shares were sold at an average price of $502.52, for a total value of $574,882.88. Following the completion of the transaction, the insider owned 16,534 shares of the company's stock, valued at approximately $8,308,665.68. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aart de Geus sold 25,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 120,421 shares in the company, valued at approximately $53,197,180.96. The trade was a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 117,163 shares of company stock worth $51,366,457. Insiders own 0.56% of the company's stock.

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.

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