Wilson Asset Management International PTY Ltd. Invests $12.26 Million in Synopsys, Inc. $SNPS

Key Points

• Wilson Asset Management International PTY Ltd. has acquired a new position in Synopsys, Inc., investing approximately $12.26 million for 23,919 shares, making it the 15th largest holding in their portfolio.
• During the second quarter, several other hedge funds increased their holdings in Synopsys, with institutional investors owning 85.47% of the stock.
• Synopsys reported a missed earnings estimate for the latest quarter, with an EPS of $2.30, falling short of the expected $3.75, which reflects ongoing fluctuations in the company's stock performance.

Wilson Asset Management International PTY Ltd. bought a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,919 shares of the semiconductor company's stock, valued at approximately $12,263,000. Synopsys accounts for about 3.0% of Wilson Asset Management International PTY Ltd.'s holdings, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hemington Wealth Management grew its position in shares of Synopsys by 10.1% in 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 grew its position in Synopsys by 0.8% during the 2nd quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company's stock valued at $1,220,000 after purchasing an additional 18 shares during the last quarter. MCF Advisors LLC grew its position in Synopsys by 16.2% during the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC grew its position 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. grew its position 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 Price Performance

Shares of NASDAQ:SNPS opened at $448.00 on Tuesday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The stock has a market capitalization of $83.22 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 4.84 and a beta of 1.10. The firm's 50 day moving average price is $540.25 and its 200-day moving average price is $511.06. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS 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 the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business 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. Equities research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last quarter. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on SNPS. Needham & Company LLC lowered their target price on shares of Synopsys from $660.00 to $550.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. Zacks Research cut shares of Synopsys from a "hold" rating to a "strong sell" rating in a research note on Friday, September 12th. BNP Paribas began coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an "underperform" rating and a $425.00 target price on the stock. Wall Street Zen cut shares of Synopsys from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Synopsys from $630.00 to $550.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $575.31.

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.

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.