Brokerages Set Synopsys, Inc. (NASDAQ:SNPS) Price Target at $575.31

Synopsys, Inc. (NASDAQ:SNPS) has earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $575.3125.

SNPS has been the topic of several analyst reports. Wells Fargo & Company lowered their target price 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. Bank of America restated an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Zacks Research cut Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th.

Synopsys Stock Down 9.4%

Shares of Synopsys stock opened at $438.92 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The business’s 50 day simple moving average is $544.01 and its 200-day simple moving average is $510.99. The stock has a market capitalization of $81.53 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 4.84 and a beta of 1.10. Synopsys has a twelve month low of $365.74 and a twelve month 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 for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Equities research analysts forecast that Synopsys will post 10.64 earnings per share for the current year.

Insider Transactions at Synopsys

In other 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 transaction, the chief executive officer directly owned 71,615 shares in the company, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert G. Painter purchased 350 shares of the stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price of $425.44 per share, for a total transaction 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 can be found here. Insiders have sold a total of 30,894 shares of company stock valued at $16,760,783 in the last quarter. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Synopsys

Several hedge funds have recently modified their holdings of SNPS. Brighton Jones LLC increased its position in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 50 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Synopsys by 9.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,899 shares of the semiconductor company’s stock worth $828,000 after acquiring an additional 158 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Synopsys by 92.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,260 shares of the semiconductor company’s stock worth $1,398,000 after acquiring an additional 1,569 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Synopsys by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 2,790 shares of the semiconductor company’s stock worth $1,196,000 after acquiring an additional 590 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its stake in shares of Synopsys by 8.0% during the 1st quarter. Integrated Advisors Network LLC now owns 529 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 39 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

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.