Citizens Financial Group Inc. RI Takes Position in Synopsys, Inc. $SNPS

Citizens Financial Group Inc. RI acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the second quarter, Holdings Channel reports. The firm acquired 700 shares of the semiconductor company’s stock, valued at approximately $359,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Brighton Jones LLC grew 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 worth $447,000 after buying an additional 50 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Synopsys by 28.2% in the first quarter. Kingsview Wealth Management LLC now owns 722 shares of the semiconductor company’s stock valued at $310,000 after acquiring an additional 159 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in Synopsys in the first quarter worth $269,000. Ignite Planners LLC grew its holdings in Synopsys by 9.9% in the first quarter. Ignite Planners LLC now owns 678 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 61 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of Synopsys by 39.0% during the 1st quarter. PFG Advisors now owns 7,936 shares of the semiconductor company’s stock valued at $3,404,000 after purchasing an additional 2,227 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of SNPS stock opened at $386.30 on Thursday. Synopsys, Inc. has a 52-week low of $365.74 and a 52-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 stock has a market cap of $71.75 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. The business has a 50-day simple moving average of $446.15 and a 200-day simple moving average of $511.62.

Synopsys (NASDAQ:SNPS) last announced its quarterly 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 net margin of 31.04% and a return on equity of 10.82%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business posted $3.43 earnings per share. The firm’s 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. On average, equities analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Activity

In other news, Director Robert G. Painter purchased 350 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the transaction, the director owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,894 shares of company stock valued at $16,760,783 in the last quarter. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley dropped their target price on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Mizuho lowered their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Needham & Company LLC decreased their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Finally, Piper Sandler lowered their target price on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $562.14.

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.