Sagespring Wealth Partners LLC Buys 391 Shares of Synopsys, Inc. $SNPS

Sagespring Wealth Partners LLC lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 21.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,178 shares of the semiconductor company’s stock after purchasing an additional 391 shares during the period. Sagespring Wealth Partners LLC’s holdings in Synopsys were worth $1,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky boosted its position in shares of Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after buying an additional 44 shares during the period. Saudi Central Bank acquired a new stake in Synopsys during the 1st quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 after buying an additional 53 shares during the period. Finally, WPG Advisers LLC bought a new position in Synopsys in the first quarter valued at approximately $34,000. 85.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Baird R W downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Morgan Stanley lowered their target price on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $605.00 target price (down previously from $650.00) on shares of Synopsys 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 report on Wednesday, September 10th. Finally, Needham & Company LLC lowered their target price on Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $569.67.

Synopsys Trading Down 1.8%

Shares of SNPS stock opened at $435.90 on Thursday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The stock has a market cap of $80.97 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 4.89 and a beta of 1.10. 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 stock has a 50 day simple moving average of $532.75 and a 200 day simple moving average of $510.07.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.77 billion. During the same quarter in the prior 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. On average, research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert G. Painter acquired 350 shares of the stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the transaction, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,894 shares of company stock valued at $16,760,783 in the last three months. 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.