Massachusetts Financial Services Co. MA Lowers Stock Holdings in Synopsys, Inc. $SNPS

Massachusetts Financial Services Co. MA lessened its stake in Synopsys, Inc. (NASDAQ:SNPS) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,063 shares of the semiconductor company’s stock after selling 6,573 shares during the period. Massachusetts Financial Services Co. MA owned 0.20% of Synopsys worth $159,988,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Advisors Capital Management LLC increased its holdings in shares of Synopsys by 2.3% in the second quarter. Advisors Capital Management LLC now owns 862 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 19 shares during the period. L & S Advisors Inc increased its stake in Synopsys by 2.2% in the 2nd quarter. L & S Advisors Inc now owns 3,082 shares of the semiconductor company’s stock valued at $1,580,000 after buying an additional 67 shares during the period. Grandfield & Dodd LLC raised its position in Synopsys by 1.1% during the 2nd quarter. Grandfield & Dodd LLC now owns 64,692 shares of the semiconductor company’s stock worth $33,166,000 after buying an additional 681 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Synopsys by 47.8% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 27,170 shares of the semiconductor company’s stock valued at $13,925,000 after acquiring an additional 8,782 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Synopsys by 6.1% during the 2nd quarter. Fiera Capital Corp now owns 218,460 shares of the semiconductor company’s stock worth $112,000,000 after buying an additional 12,539 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on SNPS shares. Mizuho cut their price objective on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Robert W. Baird reiterated a “neutral” rating and issued a $535.00 price target (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Morgan Stanley reduced their price objective 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. Stifel Nicolaus lowered their target price on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has an average rating of “Hold” and an average target price of $562.14.

Synopsys Stock Performance

NASDAQ:SNPS opened at $390.24 on Tuesday. 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 has a market capitalization of $72.49 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. The firm has a 50-day moving average price of $450.59 and a two-hundred day moving average price of $513.13. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company earned $3.43 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 15,317 shares of the company’s stock, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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.