Synopsys, Inc. $SNPS Holdings Cut by Korea Investment CORP

Key Points

• Korea Investment CORP has decreased its stake in Synopsys, Inc. by 21.7%, now holding 67,305 shares valued at approximately $28.86 million.
• Insiders have sold a total of 27,686 shares of Synopsys stock recently, including significant sales by the CEO and CFO, indicating a decrease in insider ownership.
• Analysts maintain a consensus rating of "Moderate Buy" for Synopsys, with an average price target of $630.67, reflecting optimistic growth forecasts despite recent stock movements.

Korea Investment CORP lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,305 shares of the semiconductor company's stock after selling 18,602 shares during the period. Korea Investment CORP's holdings in Synopsys were worth $28,864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SNPS. Vanguard Group Inc. raised its stake in Synopsys by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company's stock valued at $6,359,747,000 after purchasing an additional 346,994 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Synopsys by 21.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,902,696 shares of the semiconductor company's stock worth $2,864,933,000 after acquiring an additional 1,045,326 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company's stock valued at $1,043,518,000 after purchasing an additional 673,837 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Synopsys by 26.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,888,181 shares of the semiconductor company's stock worth $916,441,000 after acquiring an additional 391,681 shares during the period. Finally, Nuveen Asset Management LLC grew its position in Synopsys by 12.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,691,501 shares of the semiconductor company's stock valued at $820,987,000 after buying an additional 182,115 shares during the period. Hedge funds and other institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Rosenblatt Securities lifted their target price on Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Bank of America boosted 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. Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a report on Monday, April 28th. Morgan Stanley reaffirmed an "overweight" rating and issued a $715.00 target price (up previously from $540.00) on shares of Synopsys in a research report on Monday, August 11th. Finally, The Goldman Sachs Group assumed coverage on shares of Synopsys in a research note on Thursday, July 10th. They set a "buy" rating and a $620.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $626.79.

Synopsys Stock Performance

Shares of Synopsys stock traded up $8.35 during mid-day trading on Friday, hitting $606.52. 863,153 shares of the stock were exchanged, compared to its average volume of 1,313,433. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a 50-day simple moving average of $570.29 and a 200 day simple moving average of $500.95. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.01, a quick ratio of 6.85 and a current ratio of 7.02.

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

Insiders Place Their Bets

In related news, CFO Shelagh Glaser sold 7,310 shares of Synopsys stock in a transaction that occurred on Friday, June 6th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of Synopsys stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the sale, the executive owned 1,485 shares in the company, valued at $699,746.85. This represents a 85.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,686 shares of company stock valued at $13,001,048. Insiders own 0.62% of the company's stock.

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.