GDS Wealth Management Makes New Investment in Synopsys, Inc. $SNPS

GDS Wealth Management acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,033 shares of the semiconductor company’s stock, valued at approximately $7,707,000.

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

Insider Activity at Synopsys

In related news, Director Robert G. Painter bought 350 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was bought at an average price of $425.44 per share, with a total value of $148,904.00. Following the transaction, the director owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the 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 directly owned 20,520 shares in the company, valued at $10,278,468. The trade was a 32.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 over the last three months. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNPS shares. KeyCorp cut their price target on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Wall Street Zen lowered Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Needham & Company LLC lowered their price target on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Finally, Piper Sandler cut their price objective on Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $562.14.

Synopsys Price Performance

Shares of SNPS stock opened at $386.30 on Thursday. The firm has a fifty day simple moving average of $446.15 and a 200-day simple moving average of $511.62. The company has a market capitalization of $71.75 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

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

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.