Synopsys, Inc. $SNPS Stake Decreased by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070,352 shares of the semiconductor company’s stock after selling 48,712 shares during the quarter. Legal & General Group Plc’s holdings in Synopsys were worth $548,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNPS. Vanguard Group Inc. grew its stake in shares of Synopsys by 1.6% in the second quarter. Vanguard Group Inc. now owns 15,060,784 shares of the semiconductor company’s stock worth $7,721,363,000 after purchasing an additional 231,014 shares in the last quarter. Geode Capital Management LLC increased its stake in Synopsys by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock valued at $1,810,214,000 after buying an additional 51,043 shares during the period. Ameriprise Financial Inc. raised its position in shares of Synopsys by 6.6% during the 1st quarter. Ameriprise Financial Inc. now owns 2,013,380 shares of the semiconductor company’s stock worth $863,500,000 after buying an additional 125,199 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Synopsys by 20.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,816,319 shares of the semiconductor company’s stock valued at $778,928,000 after acquiring an additional 305,489 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Synopsys by 22.2% during the first quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock valued at $739,857,000 after acquiring an additional 313,218 shares during the period. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, Director Robert G. Painter bought 350 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director directly owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Performance

Shares of Synopsys stock opened at $388.36 on Friday. The business has a fifty day simple moving average of $444.36 and a 200-day simple moving average of $510.13. The stock has a market cap of $72.14 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. The company has a quick ratio of 1.51, a current ratio of 1.62 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.

Synopsys (NASDAQ:SNPS) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing the consensus estimate 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 net margin of 31.04% and a return on equity of 10.82%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $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, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. JPMorgan Chase & Co. reduced their target price on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Morgan Stanley cut their price objective on Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Finally, Wall Street Zen cut Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.