Capital Analysts LLC Acquires 734 Shares of Synopsys, Inc. $SNPS

Key Points

• Capital Analysts LLC increased its stake in Synopsys, Inc. by 10.9%, owning a total of 7,451 shares valued at approximately $3.2 million.
• Insiders, including CRO Richard S. Mahoney and CEO Sassine Ghazi, sold significant amounts of stock, with Mahoney's sale representing an 85.85% decrease in his ownership.
• Synopsys has received several price target upgrades from analysts, with a current consensus target price of $630.67 and a general rating of "Moderate Buy."

Capital Analysts LLC lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,451 shares of the semiconductor company's stock after acquiring an additional 734 shares during the quarter. Capital Analysts LLC's holdings in Synopsys were worth $3,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock worth $25,000 after buying an additional 44 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after buying an additional 53 shares during the period. Ameriflex Group Inc. acquired a new position in Synopsys during the 4th quarter worth about $29,000. Cloud Capital Management LLC acquired a new position in Synopsys during the 1st quarter worth about $36,000. Finally, Meeder Asset Management Inc. lifted its holdings in Synopsys by 33.3% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock worth $45,000 after buying an additional 26 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 9,010 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total value of $4,245,602.10. Following the completion of the sale, the executive directly owned 1,485 shares of the company's stock, valued at $699,746.85. The trade was a 85.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 71,589 shares of the company's stock, valued at $32,782,750.77. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,686 shares of company stock valued at $13,001,048 in the last three months. Corporate insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. KeyCorp lifted their target price on Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Bank of America lifted their target price on Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Piper Sandler lifted their target price on Synopsys from $615.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $660.00 target price (up from $650.00) on shares of Synopsys in a report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $550.00 price objective on Synopsys in a research report on Monday, April 28th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $626.79.

Synopsys Trading Down 1.4%

Shares of SNPS stock traded down $8.4440 during mid-day trading on Monday, hitting $598.0760. The company's stock had a trading volume of 490,444 shares, compared to its average volume of 1,415,592. The company's fifty day simple moving average is $570.29 and its 200-day simple moving average is $500.54. 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 1.01, a quick ratio of 6.85 and a current ratio of 7.02. The company has a market cap of $92.80 billion, a PE ratio of 43.14, a P/E/G ratio of 3.99 and a beta of 1.15.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%.The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company posted $3.00 EPS. The business's quarterly revenue was up 10.3% on a year-over-year basis. 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, equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

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.