Prime Capital Investment Advisors LLC Reduces Holdings in Synopsys, Inc. $SNPS

Prime Capital Investment Advisors LLC trimmed its stake in Synopsys, Inc. (NASDAQ:SNPS) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,058 shares of the semiconductor company’s stock after selling 120 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Synopsys were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SNPS. Nuveen LLC purchased a new position in shares of Synopsys in the 1st quarter valued at $341,480,000. Pictet Asset Management Holding SA grew its position in Synopsys by 38.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after purchasing an additional 673,837 shares during the last quarter. Generation Investment Management LLP purchased a new position in Synopsys during the 1st quarter worth $240,491,000. Vanguard Group Inc. grew its position in Synopsys by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock worth $6,359,747,000 after purchasing an additional 346,994 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position 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 during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Stock Down 9.4%

SNPS stock opened at $438.92 on Friday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The stock has a market capitalization of $81.53 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 5.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The company has a fifty day moving average of $544.01 and a 200-day moving average of $510.12.

Synopsys (NASDAQ:SNPS) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate of $3.75 by ($1.45). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $3.43 EPS. The firm’s revenue was up 14.0% on a year-over-year basis. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. As a group, analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Activity at Synopsys

In related news, Director Robert G. Painter acquired 350 shares of Synopsys stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the purchase, the director directly owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s 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 sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. This trade represents a 32.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,894 shares of company stock worth $16,760,783 over the last three months. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SNPS shares. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Zacks Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Stifel Nicolaus lowered their price objective on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $605.00 price objective (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $575.31.

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.