Synopsys, Inc. $SNPS Shares Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 71.0% during the 3rd quarter, Holdings Channel reports. The firm owned 5,290 shares of the semiconductor company’s stock after buying an additional 2,196 shares during the period. Central Pacific Bank Trust Division’s holdings in Synopsys were worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Synopsys during the 2nd quarter worth approximately $647,964,000. Ameriprise Financial Inc. increased its position in shares of Synopsys by 29.1% during the second quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock worth $1,333,095,000 after acquiring an additional 585,494 shares during the period. Generation Investment Management LLP acquired a new stake in shares of Synopsys in the first quarter valued at $240,491,000. Aspex Management HK Ltd boosted its holdings in Synopsys by 106.0% in the second quarter. Aspex Management HK Ltd now owns 645,895 shares of the semiconductor company’s stock valued at $331,137,000 after purchasing an additional 332,364 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Synopsys by 22.2% during the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock worth $739,857,000 after purchasing an additional 313,218 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group decreased their price target on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Citigroup assumed coverage on shares of Synopsys in a research report on Monday, November 24th. They issued a “buy” rating and a $580.00 price objective on the stock. Needham & Company LLC lifted their price objective on shares of Synopsys from $550.00 to $580.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Synopsys presently has an average rating of “Moderate Buy” and a consensus target price of $562.13.

Insider Buying and Selling at Synopsys

In related news, 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 directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Synopsys Trading Up 0.4%

Shares of Synopsys stock opened at $454.67 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $435.24 and a 200-day simple moving average of $504.41. The stock has a market cap of $84.45 billion, a price-to-earnings ratio of 56.90, a PEG ratio of 3.78 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.11. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company earned $3.40 earnings per share. Synopsys’s quarterly revenue was up 37.8% compared to the same quarter last year. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. On average, equities analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal 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.