Advisory Alpha LLC Sells 109 Shares of Synopsys, Inc. $SNPS

Advisory Alpha LLC trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596 shares of the semiconductor company’s stock after selling 109 shares during the period. Advisory Alpha LLC’s holdings in Synopsys were worth $306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares during the period. Smith Salley Wealth Management increased its stake in shares of Synopsys by 3.5% in the first quarter. Smith Salley Wealth Management now owns 2,658 shares of the semiconductor company’s stock worth $1,140,000 after purchasing an additional 89 shares during the period. Alta Advisers Ltd increased its stake in shares of Synopsys by 39.0% in the first quarter. Alta Advisers Ltd now owns 713 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 200 shares during the period. Rovin Capital UT ADV bought a new position in shares of Synopsys in the first quarter worth about $240,000. Finally, DAVENPORT & Co LLC increased its stake in shares of Synopsys by 18.2% in the first quarter. DAVENPORT & Co LLC now owns 2,980 shares of the semiconductor company’s stock worth $1,278,000 after purchasing an additional 459 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 price objective (down from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Bank of America reaffirmed an “underperform” rating and set a $525.00 price objective (down previously from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Zacks Research lowered shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $569.67.

Synopsys Stock Down 0.3%

Shares of SNPS opened at $455.34 on Thursday. The stock has a market cap of $84.58 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 5.03 and a beta of 1.10. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a 50-day moving average price of $500.33 and a two-hundred day moving average price of $514.51.

Synopsys (NASDAQ:SNPS) last announced its quarterly 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 the consensus estimate of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.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 business 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. Equities analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insider Buying and Selling at Synopsys

In other Synopsys news, Director Robert G. Painter purchased 350 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was purchased at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the purchase, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s 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 transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This represents a 32.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,894 shares of company stock worth $16,760,783 in the last three months. 0.62% of the stock is currently owned by company insiders.

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.