Sequoia Financial Advisors LLC Buys 1,250 Shares of Synopsys, Inc. $SNPS

Sequoia Financial Advisors LLC boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 16.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,915 shares of the semiconductor company's stock after buying an additional 1,250 shares during the period. Sequoia Financial Advisors LLC's holdings in Synopsys were worth $4,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SNPS. Nuveen LLC acquired a new stake in shares of Synopsys during the 1st quarter valued at $341,480,000. Pictet Asset Management Holding SA raised its stake 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 buying an additional 673,837 shares during the last quarter. Generation Investment Management LLP acquired a new stake in Synopsys during the 1st quarter worth about $240,491,000. Vanguard Group Inc. lifted its stake in Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company's stock valued at $6,359,747,000 after buying an additional 346,994 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company's stock valued at $739,857,000 after acquiring an additional 313,218 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Wall Street Analysts Forecast Growth

SNPS has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Synopsys from $700.00 to $600.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Needham & Company LLC reduced their price target on shares of Synopsys from $660.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Citigroup downgraded Synopsys from a "neutral" rating to an "underperform" rating in a research report on Wednesday, September 10th. Stifel Nicolaus lowered their price target on shares of Synopsys from $650.00 to $550.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Synopsys in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $569.67.

Synopsys Stock Down 0.9%

Shares of SNPS opened at $443.76 on Wednesday. The firm has a market cap of $82.43 billion, a P/E ratio of 34.83, a P/E/G ratio of 4.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The stock has a 50 day simple moving average of $536.55 and a two-hundred day simple moving average of $510.59.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts' consensus estimates of $3.75 by ($1.45). The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.Synopsys's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Activity

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

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