Partners Capital Investment Group LLP Makes New Investment in Synopsys, Inc. $SNPS

Key Points

• Partners Capital Investment Group LLP has made a new investment in Synopsys, acquiring 88,464 shares valued at approximately $37.9 million, representing 0.06% of the company's stock.
• Shares of Synopsys opened at $601.13 and have a market cap of $93.27 billion, with a 12-month price range between $365.74 and $651.73.
• Analysts have set new price targets for Synopsys, with Piper Sandler increasing their target from $615 to $660 and thirteen analysts rating the stock as a "Buy."

Partners Capital Investment Group LLP acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 88,464 shares of the semiconductor company's stock, valued at approximately $37,938,000. Partners Capital Investment Group LLP owned about 0.06% of Synopsys as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Synopsys by 54,286.0% in the 1st quarter. GAMMA Investing LLC now owns 1,196,492 shares of the semiconductor company's stock valued at $513,116,000 after buying an additional 1,194,292 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Synopsys by 21.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,902,696 shares of the semiconductor company's stock valued at $2,864,933,000 after acquiring an additional 1,045,326 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Synopsys in the first quarter valued at about $341,480,000. Pictet Asset Management Holding SA raised its holdings in Synopsys by 38.3% during the first quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company's stock worth $1,043,518,000 after acquiring an additional 673,837 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Synopsys by 26.2% in the fourth quarter. Ameriprise Financial Inc. now owns 1,888,181 shares of the semiconductor company's stock valued at $916,441,000 after purchasing an additional 391,681 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Synopsys Trading Down 1.9%

Shares of NASDAQ:SNPS opened at $601.13 on Thursday. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The business has a 50 day moving average of $565.67 and a 200-day moving average of $499.85. 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 stock has a market cap of $93.27 billion, a PE ratio of 43.40, a P/E/G ratio of 4.06 and a beta of 1.15.

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, topping the consensus estimate of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%.The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period last year, the firm posted $3.00 EPS. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. 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.

Analysts Set New Price Targets

SNPS has been the topic of a number of analyst reports. Piper Sandler upped their price objective on Synopsys from $615.00 to $660.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Rosenblatt Securities lifted their price target on Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, July 25th. KeyCorp boosted their price target on Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Stifel Nicolaus set a $550.00 price objective on Synopsys in a research report on Monday, April 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $660.00 target price (up from $650.00) on shares of Synopsys in a research note on Tuesday, July 15th. Thirteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $630.67.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 71,589 shares in the company, valued at approximately $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of the firm's stock in a transaction dated 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 transaction, the executive directly owned 1,485 shares in the company, valued at approximately $699,746.85. This represents a 85.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,686 shares of company stock valued at $13,001,048. 0.62% of the stock is owned by company insiders.

Synopsys 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.

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