Synopsys, Inc. $SNPS Shares Purchased by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC increased its stake in Synopsys, Inc. by 4.8%, owning 13,631 shares valued at approximately $6.99 million after acquiring additional shares.
• Insider trading activity includes Director Robert G. Painter purchasing 350 shares at $425.44 each, while CFO Shelagh Glaser sold 3,655 shares at $609.77, indicating a decrease in her position.
• Analysts have recently cut their price targets for Synopsys, with Morgan Stanley reducing its target from $715 to $510, and ten research analysts overall giving the stock a mix of ratings from Buy to Sell.

Bogart Wealth LLC boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,631 shares of the semiconductor company's stock after acquiring an additional 621 shares during the quarter. Bogart Wealth LLC's holdings in Synopsys were worth $6,988,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky raised its position in Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after buying an additional 44 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Synopsys in the first quarter valued at approximately $26,000. Princeton Global Asset Management LLC increased its position in shares of Synopsys by 481.8% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company's stock valued at $33,000 after buying an additional 53 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Synopsys by 441.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after buying an additional 53 shares in the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert G. Painter acquired 350 shares of the stock in a transaction on Thursday, September 11th. The shares were bought at an average price of $425.44 per share, with a total value of $148,904.00. Following the completion of the purchase, the director owned 2,291 shares of the company's stock, valued at approximately $974,683.04. This represents a 18.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shelagh Glaser sold 3,655 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total value of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNPS has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Synopsys from $715.00 to $510.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Wall Street Zen cut Synopsys from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. KeyCorp cut their price objective on Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Synopsys in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their price objective on Synopsys from $650.00 to $550.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $569.67.

Synopsys Trading Up 1.7%

Shares of SNPS stock opened at $447.64 on Monday. The stock's fifty day moving average is $525.72 and its two-hundred day moving average is $511.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The firm has a market capitalization of $83.15 billion, a P/E ratio of 35.14, a PEG ratio of 4.93 and a beta of 1.10. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $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. Research analysts expect 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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