Angeles Wealth Management LLC Makes New Investment in Synopsys, Inc. $SNPS

Key Points

• Angeles Wealth Management LLC invested approximately $478,000 in Synopsys, Inc. by purchasing 932 shares during the second quarter, indicating strong institutional interest in the semiconductor company.
• Synopsys recently reported a miss on EPS with a quarterly result of $2.30, significantly below analysts' expectations of $3.75, while revenues rose 14% year-over-year.
• Despite recent performance concerns, Synopsys stock has received a blend of ratings from analysts, with an average target price of $569.67 and a mix of Buy, Hold, and Sell recommendations.

Angeles Wealth Management LLC purchased a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 932 shares of the semiconductor company's stock, valued at approximately $478,000.

A number of other institutional investors have also bought and sold shares of the business. Cornerstone Planning Group LLC boosted its holdings in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Saudi Central Bank bought a new position in shares of Synopsys during the 1st quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Synopsys during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Synopsys Stock Up 1.7%

Shares of NASDAQ:SNPS opened at $447.64 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a 50-day moving average price of $525.72 and a 200 day moving average price of $510.23. The company has a market cap of $83.15 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 4.85 and a beta of 1.10.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts' consensus estimates of $3.75 by ($1.45). Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business posted $3.43 EPS. The firm's 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, equities research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Wall Street Analyst Weigh In

SNPS has been the subject of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Synopsys in a report on Wednesday, October 8th. KeyCorp dropped their price objective on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a report on Wednesday, September 10th. Mizuho dropped their price objective on shares of Synopsys from $700.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. dropped their price objective on shares of Synopsys from $685.00 to $600.00 and set an "overweight" rating for the company in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of Synopsys from $700.00 to $600.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Synopsys has an average rating of "Hold" and an average target price of $569.67.

Insider Activity

In other news, Director Robert G. Painter acquired 350 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was acquired at an average price 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 approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer directly owned 71,615 shares of the company's stock, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,894 shares of company stock worth $16,760,783 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.

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