Synopsys, Inc. $SNPS Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its stake in Synopsys, Inc. by 3.6% in the second quarter, now owning approximately 0.09% of the company worth $75 million.
• Company insiders have recently sold 30,894 shares valued at $16.76 million, with CEO Sassine Ghazi decreasing his position by 13.70%.
• Synopsys reported a miss in quarterly earnings with EPS of $2.30, falling short of expectations by $1.45, while revenue increased by 14% year-over-year despite missing analyst estimates.

TD Asset Management Inc boosted its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 146,517 shares of the semiconductor company's stock after purchasing an additional 5,116 shares during the period. TD Asset Management Inc owned about 0.09% of Synopsys worth $75,116,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SNPS. Cornerstone Planning Group LLC grew its stake 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 position in Synopsys during the 1st quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd grew its position in Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 53 shares in the last quarter. Independence Bank of Kentucky increased its stake 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 purchasing an additional 30 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Synopsys during the first quarter worth about $34,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In related news, Director Robert G. Painter acquired 350 shares of the business's 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 acquisition, the director owned 2,291 shares in the company, valued at $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were 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 of the company's stock, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 Stock Performance

NASDAQ:SNPS opened at $435.90 on Thursday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The firm has a market capitalization of $80.97 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 4.89 and a beta of 1.10. The business's fifty day moving average price is $532.75 and its 200 day moving average price is $510.07.

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 (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $3.43 earnings per share. The company's 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, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNPS. Rosenblatt Securities reaffirmed a "neutral" rating and set a $605.00 target price (down from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. JPMorgan Chase & Co. cut their price objective on Synopsys from $685.00 to $600.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 10th. Mizuho reduced their price objective on Synopsys from $700.00 to $600.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. Baird R W cut Synopsys from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 10th. Finally, KeyCorp cut their price target on Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a report on Wednesday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $569.67.

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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