Malaga Cove Capital LLC Buys New Stake in Synopsys, Inc. $SNPS

Malaga Cove Capital LLC purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 568 shares of the semiconductor company’s stock, valued at approximately $291,000.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 50 shares during the period. Valeo Financial Advisors LLC lifted its stake in Synopsys by 6.3% in the first quarter. Valeo Financial Advisors LLC now owns 570 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 34 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Synopsys by 9.3% in the first quarter. Linden Thomas Advisory Services LLC now owns 1,407 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 120 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 44 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in shares of Synopsys by 3.2% during the first quarter. Rehmann Capital Advisory Group now owns 1,327 shares of the semiconductor company’s stock worth $569,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insiders Place Their Bets

In other Synopsys news, Director Robert G. Painter bought 350 shares of Synopsys stock in a transaction on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, with a total value of $148,904.00. Following the completion of the acquisition, the director owned 2,291 shares in the company, valued at $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the sale, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,894 shares of company stock valued at $16,760,783 in the last three months. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Down 0.7%

Shares of NASDAQ:SNPS opened at $393.43 on Friday. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $475.14 and its 200-day simple moving average is $514.16. The company has a market cap of $73.08 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SNPS. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. KeyCorp reduced their target price on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Stifel Nicolaus lowered their price target on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Needham & Company LLC dropped their price target on Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Ten equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $569.67.

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.