Calamos Advisors LLC Acquires Shares of 56,214 Synopsys, Inc. $SNPS

Calamos Advisors LLC purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 56,214 shares of the semiconductor company’s stock, valued at approximately $28,820,000.

Several other institutional investors also recently bought and sold shares of SNPS. Independence Bank of Kentucky lifted its stake in shares of Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after buying an additional 30 shares in the last quarter. Saudi Central Bank bought a new position in Synopsys in the 1st quarter valued at approximately $26,000. Princeton Global Asset Management LLC boosted its stake in Synopsys by 481.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 53 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Synopsys by 423.1% in the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. The trade was a 32.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,894 shares of company stock worth $16,760,783 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SNPS. Morgan Stanley dropped their price objective on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Mizuho reduced their price target on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their price objective on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 10th. Citigroup cut shares of Synopsys from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 10th. Finally, Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $562.14.

Synopsys Stock Performance

NASDAQ:SNPS opened at $398.81 on Thursday. 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 stock has a 50-day simple moving average of $463.30 and a two-hundred day simple moving average of $514.08. The firm has a market capitalization of $74.08 billion, a PE ratio of 31.30, a P/E/G ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate of $3.75 by ($1.45). The company had revenue of $1.74 billion during 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last 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. Analysts forecast 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.