North Star Asset Management Inc. Purchases 1,153 Shares of Synopsys, Inc. $SNPS

North Star Asset Management Inc. boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,423 shares of the semiconductor company’s stock after buying an additional 1,153 shares during the period. Synopsys comprises 1.3% of North Star Asset Management Inc.’s portfolio, making the stock its 21st largest holding. North Star Asset Management Inc.’s holdings in Synopsys were worth $31,490,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Symphony Financial Ltd. Co. grew its stake in Synopsys by 4,780.9% during the second quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock worth $20,638,000 after buying an additional 39,395 shares during the last quarter. HBW Advisory Services LLC grew its position in Synopsys by 494.9% during the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock worth $1,851,000 after acquiring an additional 3,004 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Synopsys by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after purchasing an additional 4,815 shares in the last quarter. Westbourne Investments Inc. acquired a new position in Synopsys in the second quarter worth $1,505,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Synopsys in the second quarter valued at $451,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert G. Painter purchased 350 shares of the stock in a transaction dated Thursday, September 11th. The stock was bought at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 30,894 shares of company stock worth $16,760,783. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SNPS. JPMorgan Chase & Co. reduced 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. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. BNP Paribas began coverage on shares of Synopsys in a report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target for the company. Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Wells Fargo & Company set a $445.00 target price on Synopsys in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $556.33.

Synopsys Trading Up 4.2%

Shares of NASDAQ SNPS opened at $404.63 on Tuesday. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The firm has a market capitalization of $75.16 billion, a P/E ratio of 31.76, a P/E/G ratio of 5.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The company’s 50 day simple moving average is $444.07 and its 200 day simple moving average is $510.03.

Synopsys (NASDAQ:SNPS) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 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 analyst estimates of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.Synopsys’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

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.