Global Retirement Partners LLC Invests $565,000 in Synopsys, Inc. $SNPS

Global Retirement Partners LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, Holdings Channel.com reports. The firm acquired 1,103 shares of the semiconductor company’s stock, valued at approximately $565,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Synopsys in the first quarter worth approximately $341,480,000. Generation Investment Management LLP acquired a new stake in shares of Synopsys during the 1st quarter worth approximately $240,491,000. Vanguard Group Inc. grew its position 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 buying an additional 346,994 shares during the period. Alliancebernstein L.P. increased its stake in shares of Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock valued at $739,857,000 after acquiring an additional 313,218 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Synopsys by 20.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,816,319 shares of the semiconductor company’s stock valued at $778,928,000 after acquiring an additional 305,489 shares during the period. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $417.99 on Friday. The stock has a market cap of $77.64 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 5.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The firm’s 50-day simple moving average is $440.31 and its 200 day simple moving average is $507.46.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data 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 company 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 business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior 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, research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SNPS shares. Bank of America restated an “underperform” rating and issued a $525.00 price target (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. Robert W. Baird restated a “neutral” rating and issued a $535.00 target price (down from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Stifel Nicolaus dropped their price target on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Finally, Piper Sandler decreased their price objective on Synopsys from $660.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $556.33.

Insider Buying and Selling

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction on 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 directly owned 15,317 shares in the company, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction on 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 completion of the sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. The trade was a 32.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is owned by corporate insiders.

About Synopsys

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.