Aberdeen Group plc Has $53.13 Million Position in Synopsys, Inc. $SNPS

Key Points

• Aberdeen Group plc increased its holdings in Synopsys, Inc. by 79.4% during Q1, now owning 124,175 shares valued at approximately $53.13 million.
• Synopsys reported $3.67 EPS for the last quarter, surpassing analysts' expectations of $3.40, with a revenue of $1.60 billion, marking a 10.3% increase year-over-year.
• Seven key Wall Street analysts raised their price targets for Synopsys, with the average target now at $630.67 and a consensus rating of "Moderate Buy".

Aberdeen Group plc raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 79.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,175 shares of the semiconductor company's stock after buying an additional 54,944 shares during the period. Aberdeen Group plc owned approximately 0.08% of Synopsys worth $53,130,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNPS. GAMMA Investing LLC increased its stake in Synopsys by 54,286.0% during 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 period. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $2,864,933,000 after buying an additional 1,045,326 shares during the period. Nuveen LLC acquired a new position in Synopsys during the 1st quarter valued at about $341,480,000. Pictet Asset Management Holding SA increased its stake in Synopsys by 38.3% during 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 buying an additional 673,837 shares during the period. Finally, Capital Research Global Investors acquired a new position in Synopsys during the 4th quarter valued at about $239,864,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Synopsys Trading Down 1.8%

Shares of SNPS traded down $10.81 during midday trading on Wednesday, hitting $601.98. The stock had a trading volume of 1,114,676 shares, compared to its average volume of 1,423,204. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The business has a 50-day simple moving average of $563.66 and a two-hundred day simple moving average of $499.14. The firm has a market cap of $93.40 billion, a P/E ratio of 43.56, a price-to-earnings-growth ratio of 4.14 and a beta of 1.15. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its 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. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period last year, the company posted $3.00 earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. 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 analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on SNPS shares. Rosenblatt Securities raised their target price on shares of Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $715.00 price objective (up previously from $540.00) on shares of Synopsys in a research note on Monday, August 11th. Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a research note on Monday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $660.00 price objective (up previously from $650.00) on shares of Synopsys in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Synopsys in a research note on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $630.67.

Insiders Place Their Bets

In related news, CFO Shelagh Glaser sold 7,310 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the completion of the sale, the chief financial officer directly owned 15,291 shares in the company, valued at approximately $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the sale, the chief executive officer owned 71,589 shares of the company's stock, valued at approximately $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,686 shares of company stock worth $13,001,048 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

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.