Catalyst Capital Advisors LLC Has $459,000 Stake in Synopsys, Inc. $SNPS

Catalyst Capital Advisors LLC decreased its position in Synopsys, Inc. (NASDAQ:SNPS) by 8.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 896 shares of the semiconductor company’s stock after selling 83 shares during the period. Catalyst Capital Advisors LLC’s holdings in Synopsys were worth $459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky boosted its stake in 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 period. Cornerstone Planning Group LLC boosted its stake in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 44 shares during the period. Saudi Central Bank acquired a new stake in shares of Synopsys during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC boosted its stake in shares of Synopsys by 481.8% during the 2nd 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 during the period. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of research reports. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Mizuho decreased their target price on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Morgan Stanley decreased their target price on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group cut their price target on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Synopsys currently has an average rating of “Hold” and an average price target of $569.67.

Insider Activity at Synopsys

In other news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert G. Painter acquired 350 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the acquisition, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by company insiders.

Synopsys Stock Up 1.8%

Synopsys stock opened at $464.18 on Friday. The company has a market capitalization of $86.22 billion, a P/E ratio of 36.43, a P/E/G ratio of 5.03 and a beta of 1.10. The firm’s fifty day simple moving average is $509.56 and its 200-day simple moving average is $512.16. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.

Synopsys (NASDAQ:SNPS) last released 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). The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 EPS. 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 forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

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.