Lionshead Wealth Management LLC Sells 256 Shares of Synopsys, Inc. $SNPS

Lionshead Wealth Management LLC decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 22.2% during the 1st quarter, HoldingsChannel reports. The firm owned 897 shares of the semiconductor company’s stock after selling 256 shares during the quarter. Lionshead Wealth Management LLC’s holdings in Synopsys were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SNPS. GAMMA Investing LLC increased its stake in shares of Synopsys by 54,286.0% in the 1st quarter. GAMMA Investing LLC now owns 1,196,492 shares of the semiconductor company’s stock valued at $513,116,000 after purchasing an additional 1,194,292 shares during the last quarter. Nuveen LLC bought a new position in shares of Synopsys in the 1st quarter valued at $341,480,000. Pictet Asset Management Holding SA increased 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 purchasing an additional 673,837 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Synopsys by 26.2% in the 4th quarter. Ameriprise Financial Inc. now owns 1,888,181 shares of the semiconductor company’s stock valued at $916,441,000 after purchasing an additional 391,681 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Synopsys by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after purchasing an additional 346,994 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $660.00 price target (up previously from $650.00) on shares of Synopsys in a research note on Tuesday, July 15th. KeyCorp raised their price objective on Synopsys from $540.00 to $610.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. The Goldman Sachs Group began coverage on Synopsys in a report on Thursday, July 10th. They set a “buy” rating and a $620.00 price objective on the stock. Piper Sandler raised their price objective on Synopsys from $615.00 to $660.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Rosenblatt Securities raised their price objective on Synopsys from $625.00 to $650.00 and gave the company a “buy” rating in a report on Friday, July 25th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and an average target price of $626.79.

Synopsys Stock Up 1.4%

Shares of SNPS opened at $606.52 on Friday. The company has a market capitalization of $94.11 billion, a PE ratio of 43.79, a PEG ratio of 3.93 and a beta of 1.15. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The stock’s 50-day moving average price is $570.29 and its two-hundred day moving average price is $500.95. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.40 by $0.27. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. Synopsys had a return on equity of 17.09% and a net margin of 34.77%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.00 EPS. Synopsys has set its FY 2025 guidance at 15.110-15.190 EPS. Q3 2025 guidance at 3.820-3.87 EPS. On average, analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Shelagh Glaser sold 7,310 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $485.72, for a total value of $3,550,613.20. Following the transaction, the chief financial officer directly owned 15,291 shares of the company’s stock, valued at $7,427,144.52. The trade was a 32.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $457.93, for a total value of $5,204,832.38. Following the completion of the transaction, the chief executive officer directly owned 71,589 shares in the company, valued at $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,686 shares of company stock valued at $13,001,048. 0.62% of the stock is currently owned by company insiders.

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.