Waverton Investment Management Ltd Acquires 75,374 Shares of Synopsys, Inc. $SNPS

Key Points

• Waverton Investment Management Ltd raised its stake in Synopsys by 15.0% in Q2, acquiring 75,374 shares to hold 578,299 shares (about 0.37% of Synopsys) valued at roughly $296.63 million, making SNPS its fifth-largest holding (~4.1% of the fund).
• Synopsys missed quarterly expectations, reporting $2.30 EPS vs. $3.75 expected and $1.74B revenue vs. $1.77B, while insiders have been net sellers (30,894 shares worth $16.76M in the last three months) and analysts have trimmed price targets, leaving a consensus "Hold" and a $569.67 target.

Waverton Investment Management Ltd boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 578,299 shares of the semiconductor company's stock after acquiring an additional 75,374 shares during the period. Synopsys accounts for about 4.1% of Waverton Investment Management Ltd's portfolio, making the stock its 5th largest holding. Waverton Investment Management Ltd owned approximately 0.37% of Synopsys worth $296,630,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SNPS. Cornerstone Planning Group LLC lifted its holdings in 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 acquiring an additional 44 shares during the last quarter. Saudi Central Bank acquired a new position in Synopsys in the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in 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 acquiring an additional 53 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in Synopsys by 120.0% in 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 during the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in 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 acquiring an additional 53 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction on 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 in the company, valued at $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the sale, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. This represents a 13.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,894 shares of company stock valued at $16,760,783 in the last three months. Corporate insiders own 0.62% of the company's stock.

Synopsys Stock Down 1.7%

Shares of NASDAQ SNPS opened at $409.11 on Thursday. The stock has a market cap of $75.99 billion, a P/E ratio of 32.11, a PEG ratio of 5.02 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The business's fifty day simple moving average is $483.67 and its 200-day simple moving average is $515.05.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced 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). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm's revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.43 earnings per share. 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, equities analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of 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 report on Wednesday, September 10th. Bank of America restated an "underperform" rating and set a $525.00 price target (down 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. Wells Fargo & Company decreased their price target on Synopsys from $630.00 to $550.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 10th. Finally, Morgan Stanley decreased their price target on Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. 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 stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of "Hold" and a consensus target price of $569.67.

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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