Dimensional Fund Advisors LP Has $144.67 Million Position in Synopsys, Inc. $SNPS

Key Points

• Dimensional Fund Advisors LP increased its stake in Synopsys, Inc. by 2.1% in the first quarter, holding approximately $144.67 million worth of the company’s stock.
• Insider selling activity includes CFO Shelagh Glaser, who sold over 7,310 shares, and CEO Sassine Ghazi, who sold 11,366 shares, reflecting significant decreases in their respective holdings.
• Analysts have raised their price targets for Synopsys, with several now setting it at around $650.00, indicating strong positive sentiment towards the stock.

Dimensional Fund Advisors LP lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 337,331 shares of the semiconductor company's stock after buying an additional 6,954 shares during the period. Dimensional Fund Advisors LP owned about 0.22% of Synopsys worth $144,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in Synopsys during the 4th quarter worth about $29,000. 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 purchasing an additional 44 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 53 shares during the period. Cloud Capital Management LLC purchased a new position in Synopsys during the first quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. grew 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 in the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Buying and Selling

In related news, CFO Shelagh Glaser sold 7,310 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the completion of the sale, the chief financial officer directly owned 15,291 shares of the company's stock, valued at approximately $7,427,144.52. This represents a 32.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the completion of the transaction, the chief executive officer owned 71,589 shares in the company, valued at $32,782,750.77. This trade represents a 13.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,686 shares of company stock valued at $13,001,048. Company insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SNPS shares. Rosenblatt Securities lifted their target price on shares of Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC reissued a "buy" rating and set a $660.00 price objective (up previously from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Stifel Nicolaus set a $550.00 target price on Synopsys in a research note on Monday, April 28th. The Goldman Sachs Group began coverage on Synopsys in a research note on Thursday, July 10th. They set a "buy" rating and a $620.00 price target for the company. Finally, Piper Sandler lifted their price target on Synopsys from $615.00 to $660.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $630.67.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $601.13 on Thursday. The stock has a market capitalization of $93.27 billion, a P/E ratio of 43.40, a P/E/G ratio of 4.06 and a beta of 1.15. The business has a 50-day moving average of $565.67 and a two-hundred day moving average of $499.85. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the business earned $3.00 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 15.110-15.190 EPS. Q3 2025 guidance at 3.820-3.87 EPS. On average, equities research analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Synopsys Company 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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