Synopsys, Inc. $SNPS Holdings Reduced by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lowered its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 1.8% in the 2nd quarter, Holdings Channel reports. The firm owned 1,547,468 shares of the semiconductor company’s stock after selling 28,264 shares during the period. Synopsys accounts for 4.1% of Sustainable Growth Advisers LP’s portfolio, making the stock its 8th biggest holding. Sustainable Growth Advisers LP’s holdings in Synopsys were worth $793,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNPS. HBW Advisory Services LLC increased 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 worth $1,851,000 after buying an additional 3,004 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Synopsys by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock worth $691,035,000 after acquiring an additional 4,815 shares during the period. Westbourne Investments Inc. purchased a new position in Synopsys during the second quarter valued at approximately $1,505,000. Bourgeon Capital Management LLC bought a new position in shares of Synopsys in the second quarter worth approximately $451,000. Finally, Waverton Investment Management Ltd increased its stake in shares of Synopsys by 15.0% in the second quarter. Waverton Investment Management Ltd now owns 578,299 shares of the semiconductor company’s stock worth $296,630,000 after purchasing an additional 75,374 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Trading Down 1.0%

Shares of NASDAQ SNPS opened at $389.83 on Friday. The stock has a market capitalization of $72.41 billion, a P/E ratio of 30.60, a PEG ratio of 5.02 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The business’s 50 day moving average is $454.97 and its two-hundred day moving average is $512.87. 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 the consensus estimate of $3.75 by ($1.45). Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company posted $3.43 EPS. The business’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. As a group, research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Activity

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value 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. This represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the purchase, the director directly owned 2,291 shares in the company, valued at $974,683.04. The trade was a 18.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 30,894 shares of company stock valued at $16,760,783. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SNPS. BNP Paribas assumed coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an “underperform” rating and a $425.00 target price on the stock. Stifel Nicolaus cut their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Mizuho lowered their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Finally, Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $562.14.

Synopsys 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.