Synopsys, Inc. $SNPS Shares Sold by Atria Investments Inc

Atria Investments Inc cut its position in Synopsys, Inc. (NASDAQ:SNPS) by 6.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 11,352 shares of the semiconductor company’s stock after selling 771 shares during the period. Atria Investments Inc’s holdings in Synopsys were worth $5,820,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hemington Wealth Management grew its stake 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 buying an additional 18 shares in the last quarter. Concord Asset Management LLC VA grew its stake in Synopsys by 0.8% during the 2nd quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock worth $1,220,000 after purchasing an additional 18 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Synopsys by 1.4% during the 2nd 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. MCF Advisors LLC grew its stake in Synopsys by 16.2% during 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 in the last quarter. Finally, Savvy Advisors Inc. grew its stake in Synopsys by 3.6% during the 2nd quarter. Savvy Advisors Inc. now owns 551 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 19 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synopsys

In other news, Director Robert G. Painter bought 350 shares of Synopsys stock in a transaction dated 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 acquisition, the director owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value 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. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 over the last quarter. Company insiders own 0.62% of the company’s stock.

Synopsys Stock Up 2.5%

Shares of NASDAQ SNPS opened at $453.82 on Friday. The company has a market capitalization of $84.30 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. 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 business has a 50-day moving average of $494.17 and a two-hundred day moving average of $514.23. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SNPS shares. Mizuho lowered their target price on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Wall Street Zen cut Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. KeyCorp lowered their target price on Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group lowered their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and a consensus price target of $569.67.

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.