Middleton & Co. Inc. MA Purchases 429 Shares of Synopsys, Inc. $SNPS

Middleton & Co. Inc. MA lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,623 shares of the semiconductor company’s stock after purchasing an additional 429 shares during the period. Synopsys accounts for approximately 1.1% of Middleton & Co. Inc. MA’s portfolio, making the stock its 29th largest position. Middleton & Co. Inc. MA’s holdings in Synopsys were worth $10,060,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNPS. Hemington Wealth Management boosted its stake in shares of Synopsys by 10.1% during the 2nd quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 18 shares in the last quarter. Concord Asset Management LLC VA raised its holdings in Synopsys by 0.8% in the second quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock worth $1,220,000 after purchasing an additional 18 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Synopsys by 1.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,345 shares of the semiconductor company’s stock valued at $690,000 after buying an additional 18 shares in the last quarter. MCF Advisors LLC grew its position in shares of Synopsys by 16.2% in the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company’s stock worth $70,000 after buying an additional 19 shares during the period. Finally, Savvy Advisors Inc. increased its stake in shares of Synopsys by 3.6% in the 2nd quarter. Savvy Advisors Inc. now owns 551 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.7%

NASDAQ:SNPS opened at $409.11 on Thursday. The company has a market cap of $75.99 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. 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 company has a 50 day simple moving average of $483.67 and a two-hundred day simple moving average of $515.05. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $3.43 earnings per share. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Research analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on SNPS shares. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Wells Fargo & Company reduced their price objective on Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group dropped their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Stifel Nicolaus cut their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Finally, Piper Sandler cut their price objective on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Synopsys has an average rating of “Hold” and an average price target of $569.67.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the sale, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction 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 owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,894 shares of company stock worth $16,760,783 over the last quarter. Company insiders own 0.62% of the company’s stock.

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.