George Kaiser Family Foundation Invests $256,000 in Synopsys, Inc. $SNPS

Key Points

• The George Kaiser Family Foundation acquired 597 shares of Synopsys, Inc., valued at approximately $256,000, indicating ongoing interest from institutional investors in the semiconductor company.
• Analysts have set various price targets for Synopsys, with Morgan Stanley increasing their target to $715.00, reflecting a positive outlook with 13 buy ratings and an average rating of "Moderate Buy."
• Recent insider trading activity includes CFO Shelagh Glaser selling 7,310 shares and CEO Sassine Ghazi selling 11,366 shares, highlighting notable leadership movements in the company.

George Kaiser Family Foundation acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 597 shares of the semiconductor company's stock, valued at approximately $256,000.

Several other institutional investors also recently modified their holdings of SNPS. Brighton Jones LLC boosted its position in shares of Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after buying an additional 50 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Synopsys during the fourth quarter valued at $228,000. Jump Financial LLC bought a new position in Synopsys in the fourth quarter valued at about $453,000. NewEdge Advisors LLC lifted its holdings in Synopsys by 5.1% in the fourth quarter. NewEdge Advisors LLC now owns 2,615 shares of the semiconductor company's stock valued at $1,269,000 after acquiring an additional 127 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Synopsys by 154.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 44,909 shares of the semiconductor company's stock valued at $21,797,000 after acquiring an additional 27,225 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America increased their target price on Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Rosenblatt Securities raised their price objective on Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. KeyCorp raised their price objective on Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. The Goldman Sachs Group began coverage on Synopsys in a research note on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective on the stock. Finally, Stifel Nicolaus set a $550.00 price objective on Synopsys in a research note on Monday, April 28th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $630.67.

Synopsys Price Performance

NASDAQ SNPS traded down $12.54 during trading on Tuesday, hitting $612.79. 1,170,182 shares of the stock traded hands, compared to its average volume of 1,430,034. The company has a market capitalization of $95.08 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.15. The firm has a 50-day simple moving average of $563.66 and a 200-day simple moving average of $499.14. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73.

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

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 7,310 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the completion of the transaction, the chief financial officer owned 15,291 shares in the company, valued at $7,427,144.52. This trade represents a 32.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of Synopsys stock in a transaction that occurred on 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 transaction, the executive owned 1,485 shares of the company's stock, valued at approximately $699,746.85. This trade represents a 85.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,686 shares of company stock worth $13,001,048 in the last quarter. 0.62% of the stock is owned by corporate insiders.

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.