Synopsys, Inc. (NASDAQ:SNPS) Receives Average Rating of “Hold” from Analysts

Shares of Synopsys, Inc. (NASDAQ:SNPS) have earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $556.3333.

A number of research analysts have recently weighed in on SNPS shares. Bank of America reissued an “underperform” rating and issued a $525.00 price objective (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. JPMorgan Chase & Co. cut their price target on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. Finally, Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the transaction, the chief executive officer owned 71,615 shares of the company’s stock, valued at $42,181,951.15. The trade was a 13.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the sale, the chief accounting officer owned 20,520 shares in the company, valued at $10,278,468. The trade was a 32.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 in the last three months. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SNPS. Saudi Central Bank acquired a new stake in shares of Synopsys during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management lifted its stake in shares of Synopsys by 89.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares during the period. TFC Financial Management Inc. boosted its holdings in Synopsys by 1,250.0% during the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Synopsys during the third quarter valued at $27,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Synopsys by 441.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 53 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Trading Up 2.0%

NASDAQ:SNPS opened at $417.99 on Friday. Synopsys has a 12 month low of $365.74 and a 12 month high of $651.73. The firm has a fifty day simple moving average of $440.31 and a 200-day simple moving average of $507.46. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $77.64 billion, a P/E ratio of 32.81, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.75 by ($1.45). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. Synopsys’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.43 earnings per share. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. On average, equities research analysts anticipate that Synopsys will post 10.64 earnings per share for the current year.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.