1,607 Synopsys, Inc. $SNPS Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 44.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,016 shares of the semiconductor company’s stock after selling 1,607 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Synopsys were worth $877,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Synopsys during the 2nd quarter worth approximately $7,228,099,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Synopsys in the second quarter valued at $747,400,000. Bank of New York Mellon Corp bought a new stake in shares of Synopsys during the 2nd quarter worth about $692,074,000. Bank of America Corp DE acquired a new position in shares of Synopsys in the second quarter valued at about $539,986,000. Finally, Legal & General Group Plc bought a new position in shares of Synopsys in the second quarter worth $491,923,000. 85.47% of the stock is owned by institutional investors.

Key Stories Impacting Synopsys

Here are the key news stories impacting Synopsys this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and a $600 price target, citing Synopsys’ AI-driven growth prospects, its collaboration with OpenAI and support from the company’s share-repurchase program. Bank of America Synopsys rating
• Positive Sentiment: Synopsys’ chip-design software is becoming increasingly important as AI systems make semiconductors more complex. Nvidia’s $2 billion investment and planned agentic-AI design and verification workflows reinforce the company’s strategic position. Nvidia and Synopsys AI partnership
• Positive Sentiment: A multiyear agreement with Amazon reportedly valued at more than $1 billion highlights strong demand for Synopsys’ tools and Amazon’s expanding AI-chip ambitions. The company also authorized a $1 billion buyback, which could support earnings per share and signal management’s confidence in long-term value.
• Positive Sentiment: Recent fundamentals remain strong: quarterly EPS of $3.91 exceeded the $3.67 consensus, revenue reached $2.48 billion versus $2.44 billion expected, and revenue grew 42.4% year over year. Analysts maintain a generally favorable view, with a consensus “Moderate Buy” rating and an average target near $584.
• Neutral Sentiment: Synopsys is reportedly exploring potential work with Chinese AI laboratories on chip-design technology. The opportunity could expand its addressable market, but China-related export controls and geopolitical restrictions may limit the commercial benefit. Synopsys Chinese AI laboratory report
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no meaningful short-position pressure; however, the figure conflicts with the article’s description of a significant increase and should be treated cautiously.
• Negative Sentiment: Insiders have recently sold shares, including Janet Lee’s 1,144-share sale worth approximately $575,000 and CFO Sudhindra Kankanwadi’s larger transactions. The sales do not establish a change in business outlook, but they may create a near-term sentiment overhang.
• Negative Sentiment: At roughly 89–90 times earnings, Synopsys is priced for substantial growth. Any slowdown in EDA demand, acquisition-related leverage or disappointment after future earnings could make the stock vulnerable despite strong operating results.

Insiders Place Their Bets

In other news, CFO Sudhindra Kankanwadi sold 9,170 shares of the company’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 completion of the sale, the chief financial officer owned 22,717 shares of the company’s stock, valued at $11,358,500. This represents a 28.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 14,604 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $374.88, for a total transaction of $5,474,747.52. Following the sale, the chief executive officer owned 76,865 shares in the company, valued at approximately $28,815,151.20. This trade represents a 15.97% decrease in their position. 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. Over the last 90 days, insiders have sold 102,559 shares of company stock valued at $44,607,141. Insiders own 0.56% of the company’s stock.

Synopsys Stock Up 2.5%

NASDAQ:SNPS opened at $509.99 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 company’s 50 day moving average is $419.94 and its two-hundred day moving average is $439.00. The company has a market cap of $97.73 billion, a PE ratio of 90.10, a P/E/G ratio of 2.03 and a beta of 1.21. Synopsys, Inc. has a twelve month low of $362.55 and a twelve month high of $539.48.

Synopsys (NASDAQ:SNPS) last issued its 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 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. The firm’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. Analysts anticipate that Synopsys, Inc. will post 10.97 EPS for the current year.

Synopsys announced that its Board of Directors has approved a stock buyback plan on Monday, October 5th that authorizes the company to buy back $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 1.1% of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on SNPS shares. Mizuho decreased their target price 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. UBS Group set a $570.00 target price on Synopsys in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, October 1st. Weiss Ratings cut Synopsys from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Finally, Robert W. Baird raised Synopsys from a “neutral” rating to an “outperform” rating and upped their price target for the company from $558.00 to $560.00 in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.11.

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.