Synopsys Falls as Strong Results Fail to Clear a High Bar

Synopsys (SNPS) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sell-the-news reaction after Synopsys posted solid third-quarter results but only modestly lifted its full-year outlook relative to already elevated expectations. Investors also may be weighing ongoing restructuring charges and acquisition-related costs tied to the Ansys integration, even with demand in design automation remaining strong.

Details:

Synopsys reported third-quarter revenue of about $2.48 billion and non-GAAP EPS of $3.91, both above its prior guidance range.

The company raised full-year targets to roughly $9.715 billion in revenue at the midpoint and about $15.07 in non-GAAP EPS at the midpoint, suggesting the business is still growing but not enough to satisfy a stock priced for stronger upside.

The latest quarterly filing showed $236.3 million of restructuring charges for the first nine months of fiscal 2026, which adds to concerns about near-term margin pressure and execution risk.

Synopsys is also still absorbing the financial impact of the Ansys deal, with acquired-intangible amortization remaining large and total debt of about $10.0 billion as of July 31, 2026.

Sources:

Synopsys Investor Relations, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SNPS Insider Trading Activity

$SNPS insiders have traded $SNPS stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $SNPS stock by insiders over the last 6 months:

GEUS AART DE (EXECUTIVE CHAIR) has made 0 purchases and 3 sales selling 74,641 shares for an estimated $32,518,293.
SASSINE GHAZI (PRESIDENT AND CEO) sold 14,603 shares for an estimated $6,702,222
SHELAGH GLASER (CFO) sold 3,394 shares for an estimated $1,527,371

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SNPS Hedge Fund Activity

We have seen 769 institutional investors add shares of $SNPS stock to their portfolio, and 764 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 6,635,080 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,584,960,817
INVESCO LTD. added 4,136,908 shares (+218.7%) to their portfolio in Q2 2026, for an estimated $1,845,350,551
FMR LLC removed 2,375,870 shares (-28.4%) from their portfolio in Q2 2026, for an estimated $1,059,804,330
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,492,070 shares (+inf%) to their portfolio in Q2 2026, for an estimated $665,567,664
AQR CAPITAL MANAGEMENT LLC added 1,367,110 shares (+972.2%) to their portfolio in Q2 2026, for an estimated $609,826,757
JPMORGAN CHASE & CO added 1,143,375 shares (+inf%) to their portfolio in Q2 2026, for an estimated $510,025,286
EDGEWOOD MANAGEMENT LLC removed 981,623 shares (-44.4%) from their portfolio in Q2 2026, for an estimated $437,872,571

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SNPS Congressional Stock Trading

Members of Congress have traded $SNPS stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SNPS stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SNPS Price Targets

Multiple analysts have issued price targets for $SNPS recently. We have seen 9 analysts offer price targets for $SNPS in the last 6 months, with a median target of $575.0.

Here are some recent targets:

Clarke Jeffries from Piper Sandler set a target price of $550.0 on 06/23/2026
Vivek Arya from B of A Securities set a target price of $600.0 on 05/28/2026
Charles Shi from Needham set a target price of $580.0 on 05/28/2026
Blair Abernethy from Rosenblatt set a target price of $575.0 on 05/28/2026
Joe Quatrochi from Wells Fargo set a target price of $535.0 on 05/28/2026
Lee Simpson from Morgan Stanley set a target price of $525.0 on 05/28/2026
Andrew DeGasperi from BNP Paribas set a target price of $450.0 on 05/28/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.