Telligent Fund LP Buys New Shares in Synopsys, Inc. $SNPS

Telligent Fund LP purchased a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, Holdings Channel reports. The firm purchased 5,000 shares of the semiconductor company’s stock, valued at approximately $2,563,000. Synopsys accounts for approximately 2.3% of Telligent Fund LP’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Synopsys during the 1st quarter valued at about $341,480,000. Generation Investment Management LLP bought a new position in Synopsys during the first quarter valued at approximately $240,491,000. Vanguard Group Inc. raised its stake in shares of Synopsys by 2.4% during the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock worth $6,359,747,000 after acquiring an additional 346,994 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock worth $739,857,000 after acquiring an additional 313,218 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Synopsys by 20.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,816,319 shares of the semiconductor company’s stock worth $778,928,000 after acquiring an additional 305,489 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert G. Painter purchased 350 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the acquisition, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. The trade was a 18.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, 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 a total of 30,894 shares of company stock valued at $16,760,783 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $386.30 on Thursday. 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 50-day moving average price of $446.15 and a 200-day moving average price of $511.62. The company has a market cap of $71.75 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.43 EPS. 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 analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Robert W. Baird reiterated a “neutral” rating and issued a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Rosenblatt Securities restated 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. Finally, Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Synopsys currently has a consensus rating of “Hold” and a consensus target price 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.