Azzad Asset Management Inc. ADV Purchases 1,702 Shares of Synopsys, Inc. $SNPS

Azzad Asset Management Inc. ADV grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,703 shares of the semiconductor company’s stock after purchasing an additional 1,702 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Synopsys were worth $3,307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in Synopsys in the second quarter valued at approximately $647,964,000. Ameriprise Financial Inc. lifted its stake in shares of Synopsys by 29.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock valued at $1,333,095,000 after purchasing an additional 585,494 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Synopsys by 177.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 865,987 shares of the semiconductor company’s stock worth $427,269,000 after purchasing an additional 553,924 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Synopsys in the 3rd quarter worth $249,851,000. Finally, Aspex Management HK Ltd grew its stake in shares of Synopsys by 106.0% during the second quarter. Aspex Management HK Ltd now owns 645,895 shares of the semiconductor company’s stock worth $331,137,000 after purchasing an additional 332,364 shares during the period. 85.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SNPS has been the topic of several analyst reports. Rosenblatt Securities raised Synopsys from a “neutral” rating to a “buy” rating and cut their target price for the company from $605.00 to $560.00 in a research note on Tuesday, December 9th. Wells Fargo & Company increased their price target on shares of Synopsys from $445.00 to $500.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Morgan Stanley lifted their price objective on shares of Synopsys from $510.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Needham & Company LLC increased their target price on shares of Synopsys from $550.00 to $580.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $553.57.

Synopsys Price Performance

Shares of SNPS opened at $426.88 on Friday. The stock has a 50 day simple moving average of $479.33 and a 200 day simple moving average of $495.89. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.52 and a current ratio of 1.62. The firm has a market capitalization of $81.67 billion, a PE ratio of 53.43, a P/E/G ratio of 3.55 and a beta of 1.12.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.79 by $0.11. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. Synopsys had a net margin of 18.89% and a return on equity of 7.89%. The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period last year, the company posted $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. Sell-side analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synopsys news, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the transaction, the chief financial officer owned 17,842 shares in the company, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Janet Lee sold 250 shares of Synopsys stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the sale, the insider directly owned 11,959 shares in the company, valued at $6,338,270. This represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,157 shares of company stock worth $1,945,036. 0.62% of the stock is currently owned by company insiders.

Synopsys Company Profile

Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.

In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.