Flagship Harbor Advisors LLC Purchases 627 Shares of Synopsys, Inc. $SNPS

Flagship Harbor Advisors LLC boosted its position in Synopsys, Inc. (NASDAQ:SNPS) by 47.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,951 shares of the semiconductor company’s stock after buying an additional 627 shares during the period. Flagship Harbor Advisors LLC’s holdings in Synopsys were worth $1,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HBW Advisory Services LLC increased its holdings in Synopsys by 494.9% during the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock worth $1,851,000 after purchasing an additional 3,004 shares in the last quarter. Westbourne Investments Inc. bought a new stake in Synopsys during the 2nd quarter worth approximately $1,505,000. Bourgeon Capital Management LLC bought a new stake in Synopsys during the 2nd quarter worth approximately $451,000. North Star Asset Management Inc. increased its holdings in Synopsys by 3.6% during the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock worth $25,847,000 after purchasing an additional 2,082 shares in the last quarter. Finally, SlateStone Wealth LLC increased its holdings in Synopsys by 467.8% during the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock worth $4,383,000 after purchasing an additional 8,420 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on SNPS shares. Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. decreased their price objective on Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. The Goldman Sachs Group cut their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Citigroup downgraded Synopsys from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 10th. Finally, Stifel Nicolaus cut their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $569.67.

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $9,339,847.09. The trade was a 19.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert G. Painter bought 350 shares of the stock in a transaction on Thursday, September 11th. The shares were acquired at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the acquisition, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by insiders.

Synopsys Price Performance

Synopsys stock opened at $442.93 on Friday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. 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 business’s 50 day simple moving average is $497.22 and its 200 day simple moving average is $514.01. The company has a market cap of $82.27 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data 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 net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company posted $3.43 EPS. Synopsys’s revenue for the quarter 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. Sell-side analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Synopsys Company Profile

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.