Synopsys, Inc. $SNPS Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT reduced its position in Synopsys, Inc. by 24.7% during the second quarter, owning 53,834 shares worth approximately $27.5 million after selling 17,676 shares.
• Insider CFO Shelagh Glaser sold 3,655 shares at an average price of $609.77, representing a 19.27% decrease in her position, while Director Robert G. Painter acquired 350 shares, increasing his ownership by 18.03%.
• Analysts have issued varied ratings for Synopsys, with a consensus rating of "Hold", and target prices ranging from $425 to $690, reflecting differing outlooks on the company's stock performance.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 24.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 53,834 shares of the semiconductor company's stock after selling 17,676 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Synopsys were worth $27,533,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. HBW Advisory Services LLC grew its stake in shares of Synopsys by 494.9% during the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company's stock worth $1,851,000 after purchasing an additional 3,004 shares during the period. Bank of New York Mellon Corp grew its holdings in Synopsys by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company's stock valued at $691,035,000 after purchasing an additional 4,815 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in Synopsys in the second quarter valued at $1,505,000. Bourgeon Capital Management LLC purchased a new position in shares of Synopsys in the second quarter valued at $451,000. Finally, North Star Asset Management Inc. raised its stake in shares of Synopsys by 3.6% during the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company's stock worth $25,847,000 after buying an additional 2,082 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synopsys

In other news, 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert G. Painter acquired 350 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was purchased at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the acquisition, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on SNPS shares. Robert W. Baird reiterated a "neutral" rating and issued a $535.00 price objective (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. BNP Paribas started coverage on shares of Synopsys in a research report on Thursday, October 2nd. They issued an "underperform" rating and a $425.00 price objective on the stock. KeyCorp decreased their price objective on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 10th. The Goldman Sachs Group decreased their price objective on shares of Synopsys from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Synopsys in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $569.67.

Synopsys Trading Down 6.6%

SNPS stock opened at $416.35 on Wednesday. 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 $77.34 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 5.02 and a beta of 1.10. The business has a fifty day simple moving average of $487.55 and a 200-day simple moving average of $515.80. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly 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 net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm posted $3.43 EPS. Synopsys's revenue was up 14.0% on a year-over-year basis. 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 research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

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.

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