Telligent Fund LP Takes $2.56 Million Position in Synopsys, Inc. $SNPS

Telligent Fund LP purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the semiconductor company’s stock, valued at approximately $2,563,000. Synopsys comprises 2.3% of Telligent Fund LP’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its position in Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after buying an additional 50 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Synopsys by 28.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 722 shares of the semiconductor company’s stock valued at $310,000 after buying an additional 159 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in shares of Synopsys during the 1st quarter worth $269,000. Ignite Planners LLC grew its stake in shares of Synopsys by 9.9% during the 1st quarter. Ignite Planners LLC now owns 678 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 61 shares during the period. Finally, PFG Advisors increased its holdings in Synopsys by 39.0% in the 1st quarter. PFG Advisors now owns 7,936 shares of the semiconductor company’s stock worth $3,404,000 after acquiring an additional 2,227 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the completion of the transaction, the chief financial officer owned 15,317 shares of the company’s stock, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’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 completion of the transaction, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This trade 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 30,894 shares of company stock valued at $16,760,783 over the last 90 days. 0.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNPS shares. Needham & Company LLC cut their target price on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. BNP Paribas assumed coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Wall Street Zen cut shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $605.00 price target (down from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Nine equities research 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 MarketBeat.com, Synopsys presently has an average rating of “Hold” and an average price target of $562.14.

Synopsys Stock Performance

NASDAQ SNPS opened at $386.30 on Thursday. The company’s 50 day simple moving average is $446.15 and its two-hundred day simple moving average is $511.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The stock has a market capitalization of $71.75 billion, a PE ratio of 30.32, a P/E/G ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last released its quarterly 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 net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm earned $3.43 earnings per share. The firm’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. Analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

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.