Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 25,416 Shares of Synopsys, Inc. $SNPS

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Synopsys, Inc. by 12.9%, acquiring an additional 25,416 shares, bringing its total holdings to 222,440 shares.
• Recently, multiple hedge funds, including Cornerstone Planning Group LLC and Clal Insurance Enterprises Holdings Ltd, significantly increased their positions in Synopsys, underscoring heightened interest from institutional investors.
• Synopsys reported a quarterly earnings per share (EPS) of $2.30, falling short of the consensus estimate of $3.75, while revenue also slightly missed expectations at $1.74 billion.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,440 shares of the semiconductor company's stock after acquiring an additional 25,416 shares during the period. Synopsys comprises 1.0% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 29th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.14% of Synopsys worth $114,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its position 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 acquiring an additional 44 shares during the last quarter. Saudi Central Bank bought a new position in Synopsys in the first quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd grew its position 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 acquiring an additional 53 shares during the last quarter. Independence Bank of Kentucky grew its position in Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its position in Synopsys by 481.8% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Synopsys from $685.00 to $600.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 10th. Wall Street Zen lowered Synopsys from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. KeyCorp cut their price target on Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 10th. Mizuho cut their price target on Synopsys from $700.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Finally, Baird R W lowered Synopsys from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $569.67.

Synopsys Trading Down 1.0%

Shares of SNPS stock opened at $454.30 on Thursday. The company has a market cap of $84.39 billion, a P/E ratio of 35.66, a PEG ratio of 5.06 and a beta of 1.10. The stock has a 50 day simple moving average of $515.84 and a two-hundred day simple moving average of $511.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate of $3.75 by ($1.45). The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Research analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insiders Place Their Bets

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total value of $2,228,709.35. Following the transaction, the chief financial officer owned 15,317 shares of the company's stock, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert G. Painter purchased 350 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last ninety days. Company insiders own 0.62% of the company's stock.

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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