Field & Main Bank Cuts Stock Position in Synopsys, Inc. $SNPS

Field & Main Bank decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038 shares of the semiconductor company’s stock after selling 319 shares during the quarter. Field & Main Bank’s holdings in Synopsys were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Synopsys in the first quarter worth $341,480,000. Pictet Asset Management Holding SA boosted its stake in shares of Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock valued at $1,043,518,000 after buying an additional 673,837 shares during the period. Generation Investment Management LLP purchased a new stake in shares of Synopsys during the first quarter worth approximately $240,491,000. Vanguard Group Inc. lifted its stake in Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock worth $6,359,747,000 after acquiring an additional 346,994 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock valued at $739,857,000 after purchasing an additional 313,218 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Down 0.3%

Synopsys stock opened at $455.34 on Thursday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The stock has a 50 day moving average of $500.33 and a two-hundred day moving average of $514.51. 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 market capitalization of $84.58 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 5.03 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results 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 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 analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $3.43 EPS. Synopsys’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. As a group, research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Activity

In other Synopsys news, Director Robert G. Painter bought 350 shares of the company’s stock in a transaction on 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 transaction, the director owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the sale, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 30,894 shares of company stock worth $16,760,783 in the last three months. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on SNPS shares. Wells Fargo & Company cut their price target on Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 10th. Morgan Stanley cut their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Needham & Company LLC dropped their price objective on Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Finally, Wall Street Zen cut Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $569.67.

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.