Quadcap Wealth Management LLC Purchases 228 Shares of Synopsys, Inc. $SNPS

Quadcap Wealth Management LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 21.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,296 shares of the semiconductor company’s stock after purchasing an additional 228 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Synopsys were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNPS. Symphony Financial Ltd. Co. raised its stake in Synopsys by 4,780.9% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock worth $20,638,000 after purchasing an additional 39,395 shares in the last quarter. HBW Advisory Services LLC raised its position in shares of 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 buying an additional 3,004 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Synopsys by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after buying an additional 4,815 shares during the period. Westbourne Investments Inc. acquired a new stake in Synopsys during the second quarter worth approximately $1,505,000. Finally, Bourgeon Capital Management LLC bought a new position in Synopsys during the 2nd quarter worth $451,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird reiterated a “neutral” rating and set a $535.00 target price (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. KeyCorp dropped their price target on Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Stifel Nicolaus cut their price objective on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Bank of America reiterated an “underperform” rating and set a $525.00 price objective (down from $625.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Mizuho dropped their target price on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $563.33.

Insider Buying and Selling

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,894 shares of company stock valued at $16,760,783 in the last quarter. 0.62% of the stock is currently owned by company insiders.

Synopsys Stock Up 4.2%

Shares of SNPS opened at $404.63 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The stock has a market capitalization of $75.16 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 5.02 and a beta of 1.10. The stock has a fifty day moving average of $444.07 and a 200-day moving average of $510.03.

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 the consensus estimate of $3.75 by ($1.45). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

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.