Synopsys, Inc. $SNPS Stake Lifted by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. increased its stake in Synopsys, Inc. by 40.0% during the second quarter, owning 416,518 shares worth approximately $209.34 million.
• CEO Sassine Ghazi sold 11,366 shares of Synopsys, marking a 13.70% decrease in his ownership, while total insider sales over the last 90 days reached 30,894 shares valued at $16.76 million.
• Synopsys reported Q3 earnings of $2.30 per share, missing analyst estimates by $1.45, with a year-over-year revenue increase of 14.0%.

Montrusco Bolton Investments Inc. increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 40.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 416,518 shares of the semiconductor company's stock after buying an additional 118,961 shares during the quarter. Synopsys comprises approximately 2.3% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 19th largest position. Montrusco Bolton Investments Inc. owned 0.27% of Synopsys worth $209,340,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company's stock worth $6,359,747,000 after purchasing an additional 346,994 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Synopsys by 38.3% in the first quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company's stock worth $1,043,518,000 after purchasing an additional 673,837 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Synopsys by 6.6% in the first quarter. Ameriprise Financial Inc. now owns 2,013,380 shares of the semiconductor company's stock worth $863,500,000 after purchasing an additional 125,199 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Synopsys by 20.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,816,319 shares of the semiconductor company's stock worth $778,928,000 after purchasing an additional 305,489 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Synopsys by 22.2% in the first quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company's stock worth $739,857,000 after purchasing an additional 313,218 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Transactions at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the sale, the chief executive officer directly owned 71,615 shares of the company's stock, valued at $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares of the company's stock, valued at $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,894 shares of company stock valued at $16,760,783 over the last 90 days. Company insiders own 0.62% of the company's stock.

Synopsys Stock Down 9.4%

Shares of Synopsys stock opened at $438.92 on Monday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The stock has a 50-day moving average price of $544.01 and a 200 day moving average price of $510.99. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The company has a market cap of $81.53 billion, a P/E ratio of 34.45, a P/E/G ratio of 4.84 and a beta of 1.10.

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 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 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 business earned $3.43 earnings per share. The firm's revenue for the quarter 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. As a group, analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SNPS shares. BNP Paribas started coverage on Synopsys in a research note on Thursday, October 2nd. They issued an "underperform" rating and a $425.00 price target for the company. Bank of America reaffirmed an "underperform" rating and set a $525.00 target price (down previously from $625.00) on shares of Synopsys in a research note on Wednesday, September 10th. Baird R W cut Synopsys from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 10th. Morgan Stanley decreased their target price on Synopsys from $715.00 to $510.00 and set an "overweight" rating for the company in a research note on Thursday, September 11th. Finally, KeyCorp reduced their target price on Synopsys from $660.00 to $590.00 and set an "overweight" rating for the company in a report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $575.31.

Synopsys 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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