National Pension Service Boosts Stock Position in Synopsys, Inc. $SNPS

National Pension Service raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.0% in the second quarter, Holdings Channel reports. The institutional investor owned 370,517 shares of the semiconductor company’s stock after buying an additional 10,707 shares during the quarter. National Pension Service’s holdings in Synopsys were worth $189,957,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. HBW Advisory Services LLC grew its holdings in shares of Synopsys by 494.9% during the second quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock valued at $1,851,000 after buying an additional 3,004 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Synopsys by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after acquiring an additional 4,815 shares in the last quarter. Westbourne Investments Inc. purchased a new stake in Synopsys during the 2nd quarter valued at $1,505,000. Bourgeon Capital Management LLC purchased a new position in shares of Synopsys in the second quarter worth $451,000. Finally, Waverton Investment Management Ltd lifted its holdings in shares of Synopsys by 15.0% during the second quarter. Waverton Investment Management Ltd now owns 578,299 shares of the semiconductor company’s stock valued at $296,630,000 after purchasing an additional 75,374 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Up 0.8%

Shares of Synopsys stock opened at $398.81 on Thursday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company’s fifty day simple moving average is $463.30 and its 200-day simple moving average is $514.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The stock 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 (NASDAQ:SNPS) last announced its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.77 billion. During the same period in the prior year, the business posted $3.43 earnings per share. Synopsys’s revenue for the quarter was up 14.0% compared to the same quarter last year. 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, equities analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s 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 sale, the chief accounting officer owned 20,520 shares in the company, valued at approximately $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 valued at $16,760,783 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on SNPS shares. Robert W. Baird restated a “neutral” rating and set a $535.00 target price (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Stifel Nicolaus lowered their price objective on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. dropped their target price on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Mizuho decreased their target price 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. Finally, The Goldman Sachs Group dropped their price target on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Nine investment 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’s stock. According to data from MarketBeat, Synopsys has an average rating of “Hold” and a consensus price target of $562.14.

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.