Element Capital Management LLC Purchases New Holdings in Synopsys, Inc. $SNPS

Key Points

• Element Capital Management LLC has acquired 6,066 shares of Synopsys, Inc. valued at approximately $2.6 million, marking a significant investment during the first quarter.
• Institutional investors own 85.47% of Synopsys, with notable increases in holdings from North Star Asset Management and SlateStone Wealth, among others.
• Synopsys reported $3.67 earnings per share for the last quarter, exceeding the consensus estimate of $3.40, with a 10.3% year-over-year revenue increase.

Element Capital Management LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,066 shares of the semiconductor company's stock, valued at approximately $2,601,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. North Star Asset Management Inc. grew its position in Synopsys by 3.6% in the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company's stock worth $25,847,000 after purchasing an additional 2,082 shares during the last quarter. SlateStone Wealth LLC grew its position in Synopsys by 467.8% in the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company's stock worth $4,383,000 after purchasing an additional 8,420 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Synopsys in the 1st quarter worth about $1,000,000. Wealth Enhancement Advisory Services LLC grew its position in Synopsys by 3.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company's stock worth $8,651,000 after purchasing an additional 655 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Synopsys in the 1st quarter worth about $3,116,000. Institutional investors own 85.47% of the company's stock.

Synopsys Price Performance

SNPS stock traded down $10.81 on Wednesday, hitting $601.98. 1,114,676 shares of the company's stock traded hands, compared to its average volume of 1,423,204. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The stock has a market cap of $93.40 billion, a price-to-earnings ratio of 43.56, a P/E/G ratio of 4.14 and a beta of 1.15. The stock has a fifty day moving average of $563.66 and a 200-day moving average of $499.14. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.40 by $0.27. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business earned $3.00 earnings per share. 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. On average, analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on SNPS shares. Piper Sandler upped their target price on shares of Synopsys from $615.00 to $660.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Needham & Company LLC reiterated a "buy" rating and issued a $660.00 price objective (up from $650.00) on shares of Synopsys in a report on Tuesday, July 15th. Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a report on Monday, April 28th. Bank of America increased their price objective on shares of Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group began coverage on shares of Synopsys in a report on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Synopsys has a consensus rating of "Moderate Buy" and an average target price of $630.67.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 9,010 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were 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 owned 1,485 shares in the company, valued at approximately $699,746.85. This represents a 85.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the completion of the sale, the chief executive officer owned 71,589 shares of the company's stock, valued at approximately $32,782,750.77. This trade represents a 13.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,686 shares of company stock valued at $13,001,048 over the last ninety days. Insiders own 0.62% of the company's stock.

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.