Synopsys, Inc. $SNPS Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,670 shares of the semiconductor company’s stock after acquiring an additional 259 shares during the quarter. Simon Quick Advisors LLC’s holdings in Synopsys were worth $856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares during the last quarter. DAVENPORT & Co LLC grew its position in Synopsys by 18.2% during the 1st quarter. DAVENPORT & Co LLC now owns 2,980 shares of the semiconductor company’s stock worth $1,278,000 after purchasing an additional 459 shares during the last quarter. Keybank National Association OH grew its position in Synopsys by 44.7% during the 1st quarter. Keybank National Association OH now owns 3,726 shares of the semiconductor company’s stock worth $1,598,000 after purchasing an additional 1,151 shares during the last quarter. Private Trust Co. NA grew its position in Synopsys by 47.0% during the 1st quarter. Private Trust Co. NA now owns 394 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 126 shares during the last quarter. Finally, Novem Group grew its position in Synopsys by 36.3% during the 1st quarter. Novem Group now owns 1,893 shares of the semiconductor company’s stock worth $812,000 after purchasing an additional 504 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNPS. BNP Paribas began coverage on shares of Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective on the stock. 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. Needham & Company LLC lowered their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. KeyCorp lowered their target price on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Finally, Morgan Stanley lowered their target price on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $569.67.

Synopsys Stock Up 2.5%

Shares of NASDAQ:SNPS opened at $453.82 on Friday. The company has a market cap of $84.30 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 5.02 and a beta of 1.10. The firm’s 50-day simple moving average is $494.17 and its 200-day simple moving average is $514.23. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73.

Synopsys (NASDAQ:SNPS) last issued its earnings results 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). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. 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, equities research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Transactions at Synopsys

In other news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This represents a 18.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 30,894 shares of company stock worth $16,760,783 over the last quarter. Insiders own 0.62% of the company’s stock.

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.