Phoenix Financial Ltd. Lowers Stock Holdings in Synopsys, Inc. $SNPS

Phoenix Financial Ltd. reduced its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 63.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 730 shares of the semiconductor company's stock after selling 1,252 shares during the period. Phoenix Financial Ltd.'s holdings in Synopsys were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HBW Advisory Services LLC grew its stake in Synopsys by 494.9% in the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company's stock worth $1,851,000 after acquiring an additional 3,004 shares during the period. Westbourne Investments Inc. purchased a new stake in Synopsys in the 2nd quarter worth approximately $1,505,000. Bourgeon Capital Management LLC purchased a new stake in Synopsys in the 2nd quarter worth approximately $451,000. North Star Asset Management Inc. grew its stake in Synopsys by 3.6% in the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company's stock worth $25,847,000 after acquiring an additional 2,082 shares during the period. Finally, SlateStone Wealth LLC grew its stake in Synopsys by 467.8% in the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company's stock worth $4,383,000 after acquiring an additional 8,420 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert G. Painter acquired 350 shares of the business's stock in a transaction on Thursday, September 11th. The shares were purchased at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the acquisition, the director directly owned 2,291 shares of the company's stock, valued at $974,683.04. This represents a 18.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Down 1.0%

Shares of Synopsys stock opened at $454.30 on Thursday. The company has a fifty day moving average price of $515.84 and a 200 day moving average price of $511.08. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The stock has a market cap of $84.39 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 5.06 and a beta of 1.10.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SNPS shares. BNP Paribas started coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an "underperform" rating and a $425.00 price objective for the company. KeyCorp lowered their price objective on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a research note on Wednesday, September 10th. Morgan Stanley lowered their price objective on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating for the company in a research note on Thursday, September 11th. Wells Fargo & Company lowered their price objective on shares of Synopsys from $630.00 to $550.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 10th. Finally, Needham & Company LLC lowered their price objective on shares of Synopsys from $660.00 to $550.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $569.67.

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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