Blair William & Co. IL Lowers Stock Position in Synopsys, Inc. $SNPS

Blair William & Co. IL lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 14.9% during the second quarter, Holdings Channel.com reports. The firm owned 27,275 shares of the semiconductor company’s stock after selling 4,768 shares during the quarter. Blair William & Co. IL’s holdings in Synopsys were worth $13,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Synopsys during the 1st quarter worth approximately $341,480,000. Pictet Asset Management Holding SA boosted its stake in shares of Synopsys by 38.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after acquiring an additional 673,837 shares in the last quarter. Generation Investment Management LLP purchased a new stake in shares of Synopsys during the 1st quarter worth approximately $240,491,000. Vanguard Group Inc. boosted its stake in shares of Synopsys by 2.4% during the 1st 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. Finally, Alliancebernstein L.P. boosted its stake in shares of Synopsys by 22.2% during 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 in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Analyst Ratings Changes

SNPS has been the topic of several research analyst reports. Piper Sandler decreased their price target on Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Baird R W downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Wall Street Zen downgraded Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. BNP Paribas started coverage on Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective for the company. Finally, Robert W. Baird restated a “neutral” rating and set a $535.00 price objective (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $575.31.

Synopsys Trading Down 9.4%

Shares of SNPS opened at $438.92 on Friday. The stock has a fifty day moving average of $544.01 and a two-hundred day moving average of $510.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The company has a market capitalization of $81.53 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 5.34 and a beta of 1.10. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73.

Synopsys (NASDAQ:SNPS) last issued 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). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.43 earnings per share. 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, analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Transactions at Synopsys

In other news, Director Robert G. Painter acquired 350 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was acquired at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the acquisition, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This represents a 18.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shelagh Glaser sold 3,655 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total value of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares of the company’s stock, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,894 shares of company stock valued at $16,760,783. Corporate insiders own 0.62% of the company’s stock.

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.