Synopsys, Inc. $SNPS Shares Bought by North Point Portfolio Managers Corp OH

Key Points

• North Point Portfolio Managers Corp OH increased its stake in Synopsys, Inc. by 108.2%, acquiring a total of 24,304 shares valued at approximately $12.46 million as of the latest quarter.
• Despite recent losses, several institutional investors have been buying more shares, with some like Cornerstone Planning Group increasing their stake by as much as 275%.
• Analysts have adjusted their price targets for Synopsys, with Morgan Stanley lowering it from $715 to $510, while ten analysts still rate the stock as a 'Buy'.

North Point Portfolio Managers Corp OH raised its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 108.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,304 shares of the semiconductor company's stock after purchasing an additional 12,630 shares during the quarter. Synopsys comprises approximately 2.1% of North Point Portfolio Managers Corp OH's investment portfolio, making the stock its 24th biggest holding. North Point Portfolio Managers Corp OH's holdings in Synopsys were worth $12,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNPS. Cornerstone Planning Group LLC lifted 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 worth $25,000 after purchasing an additional 44 shares during the period. Saudi Central Bank acquired a new stake in Synopsys in the first quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after buying an additional 53 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock worth $28,000 after buying an additional 30 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company's stock worth $33,000 after buying an additional 53 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SNPS. Morgan Stanley reduced their target price on shares of Synopsys from $715.00 to $510.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Needham & Company LLC reduced their target price on shares of Synopsys from $660.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. The Goldman Sachs Group reduced their target price on shares of Synopsys from $700.00 to $600.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Citigroup lowered shares of Synopsys from a "neutral" rating to an "underperform" rating in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $605.00 price objective (down previously from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $569.67.

Insider Buying and Selling at Synopsys

In other news, CFO Shelagh Glaser sold 3,655 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares in the company, valued at $10,278,468. This represents a 32.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 over the last quarter. Company insiders own 0.62% of the company's stock.

Synopsys Stock Up 1.7%

SNPS stock opened at $447.64 on Monday. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company has a market cap of $83.15 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 4.93 and a beta of 1.10. The company has a 50 day moving average of $525.72 and a two-hundred day moving average of $511.38.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) 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 company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the company earned $3.43 EPS. The firm's quarterly revenue was up 14.0% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. On average, equities analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

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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