Synopsys, Inc. $SNPS Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,407 shares of the semiconductor company’s stock after selling 65 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Synopsys were worth $721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MCF Advisors LLC raised its position in Synopsys by 16.2% in the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Synopsys by 14.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 158 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. raised its position in Synopsys by 4.4% in the 2nd quarter. Trust Point Inc. now owns 494 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 21 shares during the last quarter. Whelan Financial increased its stake in Synopsys by 4.1% in the 2nd quarter. Whelan Financial now owns 534 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 21 shares during the period. Finally, Quent Capital LLC increased its stake in Synopsys by 1.8% in the 2nd quarter. Quent Capital LLC now owns 1,204 shares of the semiconductor company’s stock valued at $617,000 after buying an additional 21 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNPS. Mizuho dropped their price objective on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. Stifel Nicolaus dropped their price objective on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Needham & Company LLC dropped their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. BNP Paribas began coverage on shares of Synopsys in a research note on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price objective on the stock. Finally, KeyCorp dropped their price objective on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $575.31.

Synopsys Price Performance

NASDAQ:SNPS opened at $438.92 on Monday. The firm has a market cap of $81.53 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 4.84 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average is $544.01 and its two-hundred day moving average is $510.99. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73.

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

Insider Buying and Selling at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. This represents a 19.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is currently owned by corporate insiders.

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.