Richard W. Paul & Associates LLC Makes New $355,000 Investment in Synopsys, Inc. $SNPS

Richard W. Paul & Associates LLC purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 693 shares of the semiconductor company’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lionshead Wealth Management LLC grew its position in Synopsys by 1.9% in the 2nd quarter. Lionshead Wealth Management LLC now owns 914 shares of the semiconductor company’s stock valued at $469,000 after buying an additional 17 shares in the last quarter. YANKCOM Partnership lifted its stake in shares of Synopsys by 3.3% in the 2nd quarter. YANKCOM Partnership now owns 537 shares of the semiconductor company’s stock worth $275,000 after acquiring an additional 17 shares during the period. Hemington Wealth Management boosted its holdings in shares of Synopsys by 10.1% in the second quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 18 shares in the last quarter. Concord Asset Management LLC VA increased its stake in shares of Synopsys by 0.8% during the second quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock valued at $1,220,000 after acquiring an additional 18 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in Synopsys by 1.4% during the second quarter. Rehmann Capital Advisory Group now owns 1,345 shares of the semiconductor company’s stock worth $690,000 after purchasing an additional 18 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Price Performance

NASDAQ SNPS opened at $388.36 on Friday. 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 1 year low of $365.74 and a 1 year high of $651.73. The company has a market cap of $72.14 billion, a PE ratio of 30.48, a PEG ratio of 5.02 and a beta of 1.10. The stock’s 50-day moving average price is $444.36 and its two-hundred day moving average price is $510.39.

Synopsys (NASDAQ:SNPS) last posted 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 firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SNPS. JPMorgan Chase & Co. lowered their price target on Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report 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. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Citigroup lowered shares of Synopsys from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. Finally, Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Nine 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, Synopsys has a consensus rating of “Hold” and an average price target of $562.14.

Insider Transactions at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 71,615 shares of the company’s stock, valued at $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert G. Painter purchased 350 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of $425.44 per share, with a total value of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 30,894 shares of company stock valued at $16,760,783 in the last three months. 0.62% of the stock is currently owned by insiders.

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.