Keeler Thomas Management LLC Makes New $1.92 Million Investment in Synopsys, Inc. $SNPS

Keeler Thomas Management LLC acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, HoldingsChannel reports. The fund acquired 3,737 shares of the semiconductor company’s stock, valued at approximately $1,916,000. Synopsys comprises about 0.8% of Keeler Thomas Management LLC’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky boosted its stake in Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 44 shares during the period. Saudi Central Bank bought a new stake in Synopsys during the first quarter worth about $26,000. Princeton Global Asset Management LLC lifted its position 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 purchasing an additional 53 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of SNPS stock opened at $464.18 on Friday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The business’s fifty day moving average is $509.56 and its 200 day moving average is $512.16. 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 stock has a market cap of $86.22 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 5.03 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last posted its 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 net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company posted $3.43 EPS. The firm’s revenue 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. Research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 10th. Baird R W cut Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Morgan Stanley cut their price target on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. cut their target price on Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Finally, Bank of America reiterated an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $569.67.

Insider Transactions at Synopsys

In related news, Director Robert G. Painter bought 350 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was purchased 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 $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 15,317 shares of the company’s stock, valued at $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by corporate insiders.

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.