Canandaigua National Bank & Trust Co. Takes $607,000 Position in Synopsys, Inc. $SNPS

Canandaigua National Bank & Trust Co. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,231 shares of the semiconductor company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Synopsys in the first quarter worth approximately $26,000. Independence Bank of Kentucky increased its stake in shares of Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Princeton Global Asset Management LLC raised its holdings in Synopsys by 481.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 53 shares during the period. WPG Advisers LLC purchased a new position in Synopsys during the first quarter valued at $34,000. Finally, AlphaQuest LLC lifted its position in Synopsys by 423.1% during the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated Monday, September 22nd. The shares were 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 owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Synopsys Trading Down 2.2%

SNPS stock opened at $453.07 on Thursday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52. The company has a market capitalization of $84.16 billion, a price-to-earnings ratio of 56.70, a PEG ratio of 3.85 and a beta of 1.16. The business has a 50 day simple moving average of $434.22 and a two-hundred day simple moving average of $504.07.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business posted $3.40 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNPS. Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. The Goldman Sachs Group reduced their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Bank of America upgraded shares of Synopsys from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $525.00 to $500.00 in a research note on Monday, December 8th. Robert W. Baird reiterated a “neutral” rating and issued a $535.00 price target (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities upgraded shares of Synopsys from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $605.00 to $560.00 in a research report on Tuesday, December 9th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $562.13.

Synopsys Company Profile

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.