WealthShield Partners LLC Has $2.26 Million Stock Position in Synopsys, Inc. $SNPS

WealthShield Partners LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,399 shares of the semiconductor company’s stock after acquiring an additional 530 shares during the quarter. WealthShield Partners LLC’s holdings in Synopsys were worth $2,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNPS. Nuveen LLC purchased a new stake in Synopsys in the 1st quarter valued at $341,480,000. Pictet Asset Management Holding SA lifted its position in shares of Synopsys by 38.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after buying an additional 673,837 shares in the last quarter. Generation Investment Management LLP purchased a new position in shares of Synopsys in the 1st quarter worth approximately $240,491,000. Vanguard Group Inc. grew its holdings in shares of Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after acquiring an additional 346,994 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position 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 last quarter. 85.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SNPS shares. Wells Fargo & Company cut their price objective on Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 10th. KeyCorp lowered their target price on Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Bank of America reiterated an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $605.00 price target (down previously from $650.00) on shares of Synopsys in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $562.14.

Synopsys Stock Performance

NASDAQ SNPS opened at $389.83 on Friday. The firm has a market cap of $72.41 billion, a P/E ratio of 30.60, 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. The company’s 50 day moving average is $454.97 and its 200-day moving average is $512.87. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The business had revenue of $1.74 billion during 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 firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Sell-side analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on 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 owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert G. Painter bought 350 shares of Synopsys stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average price 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 of the company’s stock, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is currently owned by corporate insiders.

About Synopsys

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.