Asset Management One Co. Ltd. Has $40.14 Million Holdings in Synopsys, Inc. $SNPS

Key Points

• Asset Management One Co. Ltd. increased its stake in Synopsys, Inc. by 2.1%, owning 78,291 shares valued at approximately $40.14 million at the end of the recent reporting period.
• Several institutional investors increased their positions in Synopsys during the 2nd quarter, indicating strong interest in the semiconductor company's stock, which is owned 85.47% by such entities.
• Following disappointing earnings results, multiple analysts have downgraded Synopsys' stock ratings and target prices, with Morgan Stanley setting a new target price of $510.00.

Asset Management One Co. Ltd. boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,291 shares of the semiconductor company's stock after buying an additional 1,631 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of Synopsys worth $40,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Synopsys by 12.9% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 222,440 shares of the semiconductor company's stock valued at $114,041,000 after acquiring an additional 25,416 shares in the last quarter. Capital Investment Services of America Inc. grew its stake in Synopsys by 6.6% during the 2nd quarter. Capital Investment Services of America Inc. now owns 8,119 shares of the semiconductor company's stock valued at $4,162,000 after acquiring an additional 506 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Synopsys by 2.0% during the 2nd quarter. Freedom Investment Management Inc. now owns 2,400 shares of the semiconductor company's stock valued at $1,231,000 after acquiring an additional 46 shares in the last quarter. Forum Financial Management LP grew its stake in Synopsys by 3.0% during the 2nd quarter. Forum Financial Management LP now owns 975 shares of the semiconductor company's stock valued at $500,000 after acquiring an additional 28 shares in the last quarter. Finally, Ethic Inc. grew its stake in Synopsys by 13.6% during the 2nd quarter. Ethic Inc. now owns 17,221 shares of the semiconductor company's stock valued at $8,656,000 after acquiring an additional 2,057 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Analysts Set New Price Targets

SNPS has been the topic of several research analyst reports. Morgan Stanley lowered their target price on Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Wall Street Zen cut Synopsys from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Citigroup cut Synopsys from a "neutral" rating to an "underperform" rating in a research note on Wednesday, September 10th. Mizuho lowered their target price on Synopsys from $700.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Finally, Piper Sandler lowered their target price on Synopsys from $660.00 to $630.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $569.67.

Synopsys Trading Up 1.8%

Shares of NASDAQ SNPS opened at $464.18 on Friday. The stock has a market cap of $86.22 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 5.03 and a beta of 1.10. The business has a 50 day simple moving average of $509.56 and a 200 day simple moving average of $512.16. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. 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 (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 the consensus estimate of $3.75 by ($1.45). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. On average, research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert G. Painter bought 350 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was purchased at an average price of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director directly owned 2,291 shares of the company's stock, valued at $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the sale, the chief executive officer directly owned 71,615 shares of the company's stock, valued at $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 over the last ninety days. Company 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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