APG Asset Management US Inc. Boosts Stake in Synopsys, Inc. $SNPS

Key Points

• APG Asset Management US Inc. increased its stake in Synopsys, Inc. by 28.9%, owning a total of 5,951 shares valued at approximately $2.59 million.
• Brokerage firms have set optimistic price targets for Synopsys, with the highest target reaching $660.00, and a consensus rating of "Moderate Buy".
• During the last quarter, several insiders sold shares, with the Chief Revenue Officer selling 9,010 shares for over $4.24 million, indicating significant insider activity.

APG Asset Management US Inc. increased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 28.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,951 shares of the semiconductor company's stock after buying an additional 1,335 shares during the period. APG Asset Management US Inc.'s holdings in Synopsys were worth $2,594,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock worth $25,000 after buying an additional 44 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Synopsys by 441.7% during the first 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 period. Ameriflex Group Inc. purchased a new stake in Synopsys during the fourth quarter valued at approximately $29,000. Cloud Capital Management LLC purchased a new stake in Synopsys during the first quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. raised its position in Synopsys by 33.3% during the first quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 26 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SNPS. The Goldman Sachs Group began coverage on Synopsys in a research report on Thursday, July 10th. They set a "buy" rating and a $620.00 price objective on the stock. Bank of America upped their target price on Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Piper Sandler upped their target price on Synopsys from $615.00 to $660.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Stifel Nicolaus set a $550.00 target price on Synopsys in a research note on Monday, April 28th. Finally, Rosenblatt Securities increased their price objective on Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $626.79.

Synopsys Stock Up 1.4%

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

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.27. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.60 billion. Synopsys had a return on equity of 17.09% and a net margin of 34.77%.The business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insider Activity

In other news, CRO Richard S. Mahoney sold 9,010 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the completion of the sale, the executive owned 1,485 shares in the company, valued at approximately $699,746.85. This represents a 85.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on 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 sale, the chief executive officer owned 71,589 shares of the company's stock, valued at approximately $32,782,750.77. This represents a 13.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,686 shares of company stock worth $13,001,048. Insiders own 0.62% of the company's stock.

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.

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