Synopsys, Inc. $SNPS Shares Purchased by Horizon Investments LLC

Key Points

• Horizon Investments LLC increased its stake in Synopsys, Inc. by 13.9%, owning 7,596 shares valued at $3,258,000 at the end of the latest quarter.
• Several analysts have issued positive reports on Synopsys, with the consensus rating being a "Moderate Buy" and a target price of $630.67.
• CEO Sassine Ghazi and CFO Shelagh Glaser have both recently sold a significant number of shares, decreasing their positions by 13.70% and 32.34% respectively.

Horizon Investments LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 13.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,596 shares of the semiconductor company's stock after purchasing an additional 925 shares during the period. Horizon Investments LLC's holdings in Synopsys were worth $3,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Synopsys by 441.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Synopsys in the fourth quarter valued at about $29,000. Cloud Capital Management LLC purchased a new position in Synopsys in the first quarter valued at about $36,000. Finally, Meeder Asset Management Inc. boosted its holdings in Synopsys by 33.3% in 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 during the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 9,010 shares of the firm'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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,550,613.20. Following the completion of the sale, the chief financial officer directly owned 15,291 shares in the company, valued at approximately $7,427,144.52. This trade represents a 32.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,686 shares of company stock valued at $13,001,048. Insiders own 0.62% of the company's stock.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $13.0830 during mid-day trading on Wednesday, hitting $599.7070. The company had a trading volume of 1,045,455 shares, compared to its average volume of 1,422,579. The stock has a market cap of $93.05 billion, a price-to-earnings ratio of 43.35, a PEG ratio of 4.14 and a beta of 1.15. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month 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. The firm's 50 day simple moving average is $563.66 and its two-hundred day simple moving average is $499.14.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNPS. Morgan Stanley reissued an "overweight" rating and issued a $715.00 price target (up previously from $540.00) on shares of Synopsys in a report on Monday, August 11th. Rosenblatt Securities increased their price target on Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a report on Friday, July 25th. Piper Sandler increased their target price on Synopsys from $615.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Stifel Nicolaus set a $550.00 target price on Synopsys in a report on Monday, April 28th. Finally, Bank of America increased their target price on Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $630.67.

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.