Synopsys, Inc. $SNPS Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,948 shares of the semiconductor company’s stock after buying an additional 61 shares during the quarter. Bessemer Group Inc.’s holdings in Synopsys were worth $2,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNPS. HBW Advisory Services LLC raised its position in Synopsys by 494.9% in the second quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock valued at $1,851,000 after purchasing an additional 3,004 shares during the period. Westbourne Investments Inc. acquired a new stake in shares of Synopsys in the second quarter valued at $1,505,000. Bourgeon Capital Management LLC purchased a new stake in shares of Synopsys in the 2nd quarter valued at $451,000. North Star Asset Management Inc. lifted its stake in Synopsys by 3.6% during the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock worth $25,847,000 after acquiring an additional 2,082 shares in the last quarter. Finally, SlateStone Wealth LLC boosted its holdings in Synopsys by 467.8% during the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock valued at $4,383,000 after acquiring an additional 8,420 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Stock Performance

Shares of SNPS stock opened at $442.93 on Friday. The company has a market cap of $82.27 billion, a P/E ratio of 34.77, a PEG ratio of 5.02 and a beta of 1.10. The firm has a fifty day moving average price of $497.22 and a 200 day moving average price of $514.01. 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 12 month low of $365.74 and a 12 month high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm earned $3.43 earnings per share. The firm’s quarterly 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. Sell-side analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $609.77, for a total value of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 target price (down from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Morgan Stanley reduced their price target on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and a consensus target price of $569.67.

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.