Synopsys, Inc. $SNPS Stock Position Lifted by Mattson Financial Services LLC

Key Points

• Mattson Financial Services LLC increased its stake in Synopsys, Inc. by 29.6% during the second quarter, owning 4,260 shares worth approximately $2.18 million at the end of the reporting period.
• Synopsys reported a quarterly EPS of $2.30, which missed analyst expectations by $1.45, with revenues of $1.74 billion, slightly below the consensus estimate.
• Several analysts have revised their price targets for Synopsys, with Citigroup moving from a "neutral" to an "underperform" rating, and Robert W. Baird lowering their target price from $670.00 to $535.00.

Mattson Financial Services LLC boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 29.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,260 shares of the semiconductor company's stock after purchasing an additional 973 shares during the period. Mattson Financial Services LLC's holdings in Synopsys were worth $2,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNPS. Hemington Wealth Management boosted its holdings in shares of Synopsys by 10.1% during the 2nd quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company's stock worth $100,000 after buying an additional 18 shares during the period. Concord Asset Management LLC VA boosted its holdings in shares of Synopsys by 0.8% during the 2nd quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company's stock worth $1,220,000 after buying an additional 18 shares during the period. MCF Advisors LLC boosted its holdings in shares of Synopsys by 16.2% during the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company's stock worth $70,000 after buying an additional 19 shares during the period. Capital Advisors Ltd. LLC raised its stake in Synopsys by 14.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 158 shares of the semiconductor company's stock valued at $81,000 after purchasing an additional 20 shares during the last quarter. Finally, Trust Point Inc. raised its stake in Synopsys by 4.4% during the 2nd quarter. Trust Point Inc. now owns 494 shares of the semiconductor company's stock valued at $253,000 after purchasing an additional 21 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Stock Up 1.0%

SNPS opened at $440.20 on Friday. The firm's 50-day simple moving average is $529.15 and its 200-day simple moving average is $510.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The firm has a market cap of $81.77 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 4.80 and a beta of 1.10.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company posted $3.43 EPS. The firm's revenue for the quarter 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. Equities research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup cut shares of Synopsys from a "neutral" rating to an "underperform" rating in a research note on Wednesday, September 10th. Robert W. Baird reiterated a "neutral" rating and set a $535.00 target price (down from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Piper Sandler cut their target price on shares of Synopsys from $660.00 to $630.00 and set an "overweight" rating for the company in a research note on Wednesday, September 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Synopsys in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their target price on shares of Synopsys from $700.00 to $600.00 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 assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $569.67.

Insider Activity

In other news, Director Robert G. Painter bought 350 shares of the stock in a transaction dated Thursday, September 11th. The shares were acquired at an average price of $425.44 per share, with a total value of $148,904.00. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Shelagh Glaser sold 3,655 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 15,317 shares of the company's stock, valued at $9,339,847.09. The trade was a 19.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last quarter. 0.62% of the stock is owned by company insiders.

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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