Impax Asset Management Group plc Has $315.66 Million Stake in Synopsys, Inc. $SNPS

Impax Asset Management Group plc lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 28.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,415 shares of the semiconductor company’s stock after purchasing an additional 135,198 shares during the period. Synopsys accounts for 1.8% of Impax Asset Management Group plc’s holdings, making the stock its 11th biggest position. Impax Asset Management Group plc owned about 0.40% of Synopsys worth $315,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hemington Wealth Management lifted its stake in shares of Synopsys by 10.1% in the 2nd quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 18 shares during the last quarter. Concord Asset Management LLC VA increased its stake in Synopsys by 0.8% in the 2nd quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock valued at $1,220,000 after buying an additional 18 shares during the last quarter. Rehmann Capital Advisory Group increased its position in shares of Synopsys by 1.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,345 shares of the semiconductor company’s stock valued at $690,000 after purchasing an additional 18 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Synopsys by 16.2% in the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 19 shares during the period. Finally, Savvy Advisors Inc. lifted its holdings in Synopsys by 3.6% during the second quarter. Savvy Advisors Inc. now owns 551 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Stock Up 0.8%

Shares of SNPS stock opened at $398.81 on Thursday. 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, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The stock has a market cap of $74.08 billion, a P/E ratio of 31.30, a P/E/G ratio of 5.02 and a beta of 1.10. The company has a 50 day simple moving average of $463.30 and a two-hundred day simple moving average of $514.08.

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). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $3.43 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. On average, research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the transaction, the chief executive officer directly owned 71,615 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction that occurred 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 directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,894 shares of company stock valued at $16,760,783 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

SNPS has been the subject of several recent analyst reports. Mizuho reduced their price objective 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 cut their price objective on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 10th. BNP Paribas started coverage on Synopsys in a research note on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target on the stock. Needham & Company LLC dropped their target price on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Finally, Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $562.14.

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.