Tema Etfs LLC Acquires New Position in Synopsys, Inc. $SNPS

Tema Etfs LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,386 shares of the semiconductor company’s stock, valued at approximately $1,223,000.

Other hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in shares of Synopsys during the 1st quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Synopsys by 441.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Independence Bank of Kentucky increased its position in shares of Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Synopsys by 481.8% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Synopsys during the 1st quarter worth $34,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNPS has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Needham & Company LLC dropped their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Piper Sandler reduced their target price on Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $605.00 target price (down previously from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $555.33.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $463.74 on Friday. The business has a 50-day moving average of $437.46 and a two-hundred day moving average of $505.76. The firm has a market capitalization of $86.14 billion, a PE ratio of 36.40, a P/E/G ratio of 5.35 and a beta of 1.16. 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 12 month low of $365.74 and a 12 month high of $651.73.

Synopsys (NASDAQ:SNPS) last issued its 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 firm 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 revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS and its Q4 2025 guidance at 2.760-2.80 EPS. As a group, research analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director owned 2,291 shares in the company, valued at $974,683.04. This trade represents a 18.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

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.