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Why Synopsys (SNPS) Stock Is Down Today

Investivoq PriceTracker

Synopsys (SNPS) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: A single company-specific catalyst is not obvious, so the move looks most likely tied to a broader selloff in technology and semiconductor shares, along with some profit-taking after Synopsys rallied sharply following its late-September investor day. This could also reflect investors reassessing valuation after management laid out ambitious 2027 targets but also highlighted sizable amortization, restructuring, and integration-related expenses.

Details:

  • Synopsys said at its September 30, 2026 investor day that it expects fiscal 2027 revenue of about $11.1 billion to $11.2 billion, with a non-GAAP operating margin near 44% at the midpoint.
  • The same investor day materials showed a much lower GAAP operating margin target of about 20.7%, reflecting heavy amortization, stock compensation, and restructuring items that can keep some investors cautious.
  • On October 5, 2026, the company disclosed a $1 billion accelerated share repurchase agreement, a move that had supported sentiment earlier in the month and may have left the stock vulnerable to a pullback after a strong run.
  • Broader market pressure likely mattered as well: the Nasdaq fell 2.5% on October 14, 2026, and the PHLX US AI Semiconductor Index dropped 3.25%, pointing to sector-wide weakness rather than a Synopsys-specific shock.

    • Sources:

    Synopsys Investor Relations, SEC, AP News, Nasdaq

    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 Insider Trades

    $SNPS insiders have traded $SNPS stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 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) has made 0 purchases and 2 sales selling 29,207 shares for an estimated $12,176,905.
    • SUDHINDRA KANKANWADI (Deputy CFO & CAO) has made 0 purchases and 2 sales selling 12,170 shares for an estimated $6,039,340.
    • SHELAGH GLASER (CFO) sold 3,394 shares for an estimated $1,527,371
    • JANET LEE (GC & Corporate Secretary) has made 0 purchases and 2 sales selling 1,143 shares for an estimated $574,685.

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

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    $SNPS Hedge Fund Activity

    We have seen 736 institutional investors add shares of $SNPS stock to their portfolio, and 638 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • 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
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 936,970 shares (+inf%) to their portfolio in Q2 2026, for an estimated $417,954,207

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

    $SNPS Government Contracts

    We have seen $332,106 of award payments to $SNPS over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • ONE (1) 12-MONTH LICENSE FOR THE SEMICONDUCTOR DEVICE SIMULATION SOFTWARE PACKAGE FOR THE SENTAURUS DEVICE: $86,416

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts 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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.