Synopsys, Inc. $SNPS Stock: Montrusco Bolton Investments Inc. Trims Stake

Montrusco Bolton Investments Inc. trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 24.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 153,722 shares of the semiconductor company’s stock after selling 49,047 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Synopsys were worth $66,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Synopsys during the 2nd quarter valued at approximately $747,400,000. Man Group plc purchased a new stake in Synopsys during the 2nd quarter valued at $55,900,000. Nykredit A S bought a new stake in Synopsys in the second quarter worth $23,158,000. Bank of America Corp DE bought a new stake in Synopsys in the second quarter worth $539,986,000. Finally, Integrated Wealth Concepts LLC boosted its stake in Synopsys by 88.6% during the second quarter. Integrated Wealth Concepts LLC now owns 6,816 shares of the semiconductor company’s stock worth $3,040,000 after buying an additional 3,202 shares during the period. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on SNPS shares. Barclays began coverage on shares of Synopsys in a research report on Friday, September 25th. They set an “overweight” rating on the stock. Needham & Company LLC raised their target price on shares of Synopsys from $580.00 to $620.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $640.00 price target (up from $590.00) on shares of Synopsys in a research note on Thursday, October 1st. JPMorgan Chase & Co. cut their price target on shares of Synopsys from $650.00 to $600.00 in a report on Thursday, August 27th. Finally, UBS Group set a $570.00 price objective on shares of Synopsys in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average target price of $571.78.

Synopsys Trading Down 1.6%

SNPS stock traded down $8.00 during mid-day trading on Tuesday, reaching $494.51. The company had a trading volume of 2,520,300 shares, compared to its average volume of 2,044,608. The firm has a 50 day moving average of $423.97 and a 200 day moving average of $440.26. 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 12 month low of $362.55 and a 12 month high of $539.48. The company has a market capitalization of $94.77 billion, a PE ratio of 87.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.21.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 26th. The semiconductor company reported $3.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the business earned $3.39 earnings per share. Synopsys’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. On average, equities analysts predict that Synopsys, Inc. will post 10.97 earnings per share for the current fiscal year.

Synopsys declared that its Board of Directors has initiated a stock buyback plan on Monday, October 5th that allows the company to buy back $1.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 1.1% of its shares through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Synopsys

In other Synopsys 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 transaction of $574,882.88. Following the transaction, the insider directly owned 16,534 shares in the company, valued at $8,308,665.68. This represents a 6.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aart de Geus sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 102,559 shares of company stock worth $44,607,141 over the last quarter. 0.56% of the stock is owned by corporate insiders.

Synopsys Profile

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.