Keybank National Association OH Grows Holdings in Synopsys, Inc. $SNPS

Keybank National Association OH raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 3.8% in the second quarter, Holdings Channel reports. The institutional investor owned 3,869 shares of the semiconductor company’s stock after purchasing an additional 143 shares during the period. Keybank National Association OH’s holdings in Synopsys were worth $1,984,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hemington Wealth Management increased its stake in shares of Synopsys by 10.1% during the second quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 18 shares in the last quarter. Concord Asset Management LLC VA increased its stake in shares of Synopsys by 0.8% during the second quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock worth $1,220,000 after purchasing an additional 18 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Synopsys by 1.4% during the second quarter. Rehmann Capital Advisory Group now owns 1,345 shares of the semiconductor company’s stock worth $690,000 after purchasing an additional 18 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Synopsys by 16.2% during the second quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 19 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Synopsys by 14.5% during the second quarter. Capital Advisors Ltd. LLC now owns 158 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Activity

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the transaction, the chief accounting officer directly owned 20,520 shares in the company, valued at $10,278,468. The trade was a 32.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert G. Painter purchased 350 shares of Synopsys stock in a transaction dated Thursday, September 11th. The stock was bought at an average cost 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 in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 30,894 shares of company stock valued at $16,760,783. Company insiders own 0.62% of the company’s stock.

Synopsys Stock Performance

SNPS opened at $453.82 on Friday. The firm has a market capitalization of $84.30 billion, a PE ratio of 35.62, a PEG ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The firm’s 50-day moving average price is $494.17 and its 200 day moving average price is $514.85. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS) last posted 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). The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, sell-side analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 target price (down previously from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Robert W. Baird reissued a “neutral” rating and set a $535.00 target price (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Morgan Stanley cut their target price on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has a consensus rating of “Hold” and a consensus price target of $569.67.

Synopsys 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.