DekaBank Deutsche Girozentrale Lowers Holdings in Synopsys, Inc. $SNPS

DekaBank Deutsche Girozentrale reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,063 shares of the semiconductor company’s stock after selling 110 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Synopsys were worth $81,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SNPS. Independence Bank of Kentucky increased its holdings in Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Synopsys during the 1st quarter valued at about $26,000. Princeton Global Asset Management LLC increased its stake in Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Synopsys by 441.7% during 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 period. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of SNPS stock opened at $459.04 on Wednesday. The company has a market capitalization of $85.27 billion, a P/E ratio of 36.03, a P/E/G ratio of 5.00 and a beta of 1.10. The company’s 50-day simple moving average is $519.12 and its two-hundred day simple moving average is $511.47. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. 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 (NASDAQ:SNPS) last posted its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $3.43 EPS. The business’s revenue 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. As a group, equities analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

Wall Street Analysts Forecast Growth

SNPS has been the subject of a number of recent research reports. Robert W. Baird reiterated a “neutral” rating and issued a $535.00 target price (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Morgan Stanley lowered their price target on Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. BNP Paribas started coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective for the company. Baird R W cut shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Finally, KeyCorp lowered their target price on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $569.67.

Insider Transactions at Synopsys

In related news, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $609.77, for a total value of $2,228,709.35. Following the completion of the sale, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert G. Painter acquired 350 shares of Synopsys stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average price of $425.44 per share, with a total value of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 30,894 shares of company stock valued at $16,760,783. Company insiders own 0.62% of the company’s stock.

Synopsys 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.