Howard Capital Management Inc. Increases Stock Position in Synopsys, Inc. $SNPS

Howard Capital Management Inc. raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 19.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,210 shares of the semiconductor company’s stock after purchasing an additional 677 shares during the period. Howard Capital Management Inc.’s holdings in Synopsys were worth $2,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNPS. Brighton Jones LLC lifted its position in Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 50 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Synopsys by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,748 shares of the semiconductor company’s stock valued at $2,894,000 after buying an additional 550 shares during the period. Amalgamated Bank lifted its position in Synopsys by 3.4% during the first quarter. Amalgamated Bank now owns 32,782 shares of the semiconductor company’s stock valued at $14,059,000 after buying an additional 1,079 shares during the period. Washington Trust Advisors Inc. lifted its position in Synopsys by 25.0% during the first quarter. Washington Trust Advisors Inc. now owns 125 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 25 shares during the period. Finally, Smith Salley Wealth Management lifted its position in Synopsys by 3.5% during the first quarter. Smith Salley Wealth Management now owns 2,658 shares of the semiconductor company’s stock valued at $1,140,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the transaction, the chief executive officer owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert G. Painter bought 350 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of $425.44 per share, with a total value of $148,904.00. Following the transaction, the director owned 2,291 shares in the company, valued at $974,683.04. The trade was a 18.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Synopsys Stock Performance

SNPS stock opened at $456.83 on Wednesday. The stock has a market capitalization of $84.86 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 5.13 and a beta of 1.10. Synopsys, Inc. has a 12-month low of $365.74 and a 12-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. The stock’s 50 day simple moving average is $503.24 and its 200 day simple moving average is $514.27.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data 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 business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company 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 forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SNPS. Wall Street Zen lowered Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Stifel Nicolaus lowered their price objective on Synopsys from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group lowered their price objective on Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Zacks Research lowered Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Finally, Mizuho lowered their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Ten research 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, Synopsys currently has a consensus rating of “Hold” and a consensus price target of $569.67.

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.