Commerzbank Aktiengesellschaft FI Boosts Stake in Synopsys, Inc. $SNPS

Key Points

• Commerzbank Aktiengesellschaft FI significantly increased its stake in Synopsys, Inc. by 452.3%, owning 10,808 shares worth approximately $5.54 million at the end of the latest quarter.
• CEO Sassine Ghazi sold 11,366 shares for around $6.69 million, representing a 13.70% decrease in his ownership, while CFO Shelagh Glaser sold 3,655 shares valued at approximately $2.23 million.
• Following a recent earnings report, Synopsys' stock had an average analyst rating of Hold and an average price target of $575.31, indicating a mixed outlook after missing EPS and revenue estimates.

Commerzbank Aktiengesellschaft FI grew its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 452.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,808 shares of the semiconductor company's stock after buying an additional 8,851 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Synopsys were worth $5,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings 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 during the last quarter. Saudi Central Bank purchased a new position in shares of Synopsys in the first quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Synopsys by 441.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 53 shares during the period. Independence Bank of Kentucky increased its stake in shares of Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 30 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Synopsys in the first quarter worth $34,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Activity at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the sale, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the completion of the sale, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,894 shares of company stock worth $16,760,783 in the last ninety days. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SNPS. Weiss Ratings reiterated a "hold (c)" rating on shares of Synopsys in a research note on Wednesday. Morgan Stanley cut their price objective on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. KeyCorp cut their price objective on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 10th. Wells Fargo & Company cut their price objective on shares of Synopsys from $630.00 to $550.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 10th. Finally, BNP Paribas began coverage on shares of Synopsys in a research note on Thursday, October 2nd. They issued an "underperform" rating and a $425.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of "Hold" and an average price target of $575.31.

Synopsys Stock Down 1.0%

SNPS stock opened at $484.41 on Friday. The firm has a market cap of $89.98 billion, a PE ratio of 38.02, a P/E/G ratio of 5.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The firm's fifty day moving average is $547.60 and its 200 day moving average is $510.24. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73.

Synopsys (NASDAQ:SNPS - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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 forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

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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