Cullen Frost Bankers Inc. Boosts Holdings in Synopsys, Inc. $SNPS

Cullen Frost Bankers Inc. boosted its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,642 shares of the semiconductor company's stock after purchasing an additional 887 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Synopsys were worth $8,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky lifted its stake in Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Cornerstone Planning Group LLC raised its position 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 buying an additional 44 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Synopsys during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC raised its position in shares of Synopsys by 481.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company's stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position 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 buying an additional 53 shares in the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SNPS shares. Mizuho lowered their price objective on shares of Synopsys from $700.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Zacks Research cut shares of Synopsys from a "hold" rating to a "strong sell" rating in a research report on Friday, September 12th. Morgan Stanley lowered their price objective on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a research report on Thursday, September 11th. Wall Street Zen cut shares of Synopsys from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Synopsys from $685.00 to $600.00 and set an "overweight" rating on the stock in a report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Synopsys presently has a consensus rating of "Hold" and an average price target of $569.67.

Insider Activity

In other news, Director Robert G. Painter purchased 350 shares of the business's stock in a transaction on Thursday, September 11th. The shares were acquired at an average price of $425.44 per share, with a total value of $148,904.00. Following the acquisition, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the sale, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. This trade represents a 32.48% 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 quarter. Insiders own 0.62% of the company's stock.

Synopsys Price Performance

SNPS stock opened at $454.30 on Thursday. 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, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The firm's fifty day moving average is $515.84 and its 200 day moving average is $511.08. The firm has a market cap of $84.39 billion, a P/E ratio of 35.66, a P/E/G ratio of 5.06 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 10.82% and a net margin of 31.04%.Synopsys's revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $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. Research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current 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.

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