Groupe la Francaise Trims Stake in Synopsys, Inc. $SNPS

Key Points

• Groupe la Francaise reduced its stake in Synopsys, Inc. by 7.4%, owning 35,945 shares valued at $16.14 million after selling 2,856 shares in Q1.
• Several hedge funds, including Cornerstone Planning Group and Clal Insurance Enterprises, significantly increased their positions, with Cornerstone growing its holdings by 275% during the same period.
• Analysts have raised their price targets on Synopsys, with projections ranging from $610 to $715, indicating a strong consensus of a "Buy" rating among research firms.

Groupe la Francaise decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 7.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 35,945 shares of the semiconductor company's stock after selling 2,856 shares during the period. Groupe la Francaise's holdings in Synopsys were worth $16,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings 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 worth $25,000 after acquiring an additional 44 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 worth $28,000 after acquiring an additional 53 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Synopsys during the 4th quarter worth approximately $29,000. Cloud Capital Management LLC purchased a new position in shares of Synopsys during the 1st quarter worth approximately $36,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Synopsys by 33.3% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 85.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SNPS. KeyCorp upped their target price on Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Bank of America boosted their price target on Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group started coverage on Synopsys in a research report on Thursday, July 10th. They issued a "buy" rating and a $620.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $660.00 price target (up from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $715.00 price target (up from $540.00) on shares of Synopsys in a research report on Monday, August 11th. Twelve 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 presently has an average rating of "Moderate Buy" and an average target price of $626.79.

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 stock was sold at an average price of $471.21, for a total value of $4,245,602.10. Following the transaction, the executive directly owned 1,485 shares of the company's stock, valued at approximately $699,746.85. This represents a 85.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $5,204,832.38. Following the completion of the transaction, the chief executive officer directly owned 71,589 shares in the company, valued at $32,782,750.77. This trade represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,686 shares of company stock valued at $13,001,048. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Performance

Shares of SNPS opened at $606.52 on Friday. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. The business's 50 day moving average price is $570.29 and its 200-day moving average price is $500.95. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The stock has a market cap of $94.11 billion, a P/E ratio of 43.79, a P/E/G ratio of 3.93 and a beta of 1.15.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.27. The business had revenue of $1.60 billion for 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal 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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