9,672 Shares in Synopsys, Inc. $SNPS Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, Holdings Channel reports. The firm purchased 9,672 shares of the semiconductor company’s stock, valued at approximately $4,314,000.

A number of other large investors also recently modified their holdings of the company. Sankala Group LLC acquired a new stake in shares of Synopsys in the 4th quarter valued at $25,000. Elevation Wealth Partners LLC grew its stake in shares of Synopsys by 96.4% during the second quarter. Elevation Wealth Partners LLC now owns 55 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in Synopsys in the second quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Synopsys in the fourth quarter valued at $28,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in Synopsys in the fourth quarter valued at $32,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SNPS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synopsys in a report on Monday, June 8th. Citigroup increased their price objective on Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Piper Sandler raised Synopsys from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $450.00 to $550.00 in a research report on Tuesday, June 23rd. Berenberg Bank set a $633.00 target price on Synopsys in a research note on Wednesday, May 27th. Finally, Benchmark reiterated a “buy” rating on shares of Synopsys in a research note on Wednesday, August 19th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $563.59.

Insider Buying and Selling

In other news, CFO Shelagh Glaser sold 3,394 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the completion of the sale, the chief financial officer owned 14,358 shares in the company, valued at $6,461,387.16. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sassine Ghazi sold 14,603 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $458.96, for a total value of $6,702,192.88. Following the sale, the chief executive officer owned 75,020 shares of the company’s stock, valued at $34,431,179.20. This trade represents a 16.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.56% of the stock is currently owned by company insiders.

Synopsys Price Performance

SNPS stock opened at $408.79 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $78.28 billion, a P/E ratio of 94.63, a PEG ratio of 2.32 and a beta of 1.23. The business has a 50 day simple moving average of $417.74 and a 200-day simple moving average of $439.85. Synopsys, Inc. has a twelve month low of $366.00 and a twelve month high of $615.79.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, May 27th. The semiconductor company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.20. Synopsys had a net margin of 8.91% and a return on equity of 5.83%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the business posted $3.67 earnings per share. Synopsys’s quarterly revenue was up 41.9% on a year-over-year basis. As a group, equities analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

About Synopsys

Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.

In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.