Synopsys (NASDAQ:SNPS) Stock Rating Upgraded by Rosenblatt Securities

Synopsys (NASDAQ:SNPS) was upgraded by investment analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $560.00 price objective on the semiconductor company’s stock, down from their previous price objective of $605.00. Rosenblatt Securities’ price target points to a potential upside of 17.69% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Bank of America raised shares of Synopsys from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $525.00 to $500.00 in a report on Monday. JPMorgan Chase & Co. reduced their target price on Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Mizuho lowered their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. KeyCorp cut their price objective on Synopsys from $590.00 to $575.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Finally, Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus target price of $550.67.

Synopsys Stock Performance

Shares of SNPS stock opened at $475.83 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The stock has a market cap of $88.39 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 5.78 and a beta of 1.16. The stock has a 50-day moving average of $435.91 and a 200-day moving average of $504.68. Synopsys has a one year low of $365.74 and a one year high of $651.73.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.11. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. Synopsys’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.40 EPS. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. As a group, sell-side analysts expect that Synopsys will post 10.64 earnings per share for the current year.

Insider Buying and Selling at Synopsys

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the transaction, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Synopsys

Large investors have recently bought and sold shares of the company. Alpine Bank Wealth Management raised its holdings in shares of Synopsys by 89.3% in the third 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 last quarter. TFC Financial Management Inc. grew its position in Synopsys by 1,250.0% in the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Independence Bank of Kentucky increased its stake in Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Synopsys during the 3rd quarter worth about $27,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Synopsys during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

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.