Fourpath Capital Management LLC Acquires Shares of 457 Synopsys, Inc. $SNPS

Fourpath Capital Management LLC purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 457 shares of the semiconductor company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Synopsys by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after acquiring an additional 346,994 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock valued at $1,043,518,000 after acquiring an additional 673,837 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Synopsys by 6.6% in the 1st quarter. Ameriprise Financial Inc. now owns 2,013,380 shares of the semiconductor company’s stock valued at $863,500,000 after acquiring an additional 125,199 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Synopsys by 20.2% in the 1st 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 valued at $778,928,000 after acquiring an additional 305,489 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Synopsys by 22.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock valued at $739,857,000 after acquiring an additional 313,218 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was acquired at an average price of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director owned 2,291 shares of the company’s stock, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 directly owned 20,520 shares of the company’s stock, valued at $10,278,468. The trade was a 32.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,894 shares of company stock worth $16,760,783 over the last three months. Insiders own 0.62% of the company’s stock.

Synopsys Stock Down 9.4%

Shares of NASDAQ:SNPS opened at $438.92 on Friday. 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, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The company has a 50 day moving average of $544.01 and a two-hundred day moving average of $510.12. The company has a market capitalization of $81.53 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 5.34 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last issued 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). Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business earned $3.43 EPS. The firm’s revenue 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. As a group, analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on SNPS. Needham & Company LLC lowered their price objective 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. Bank of America restated an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. JPMorgan Chase & Co. reduced their target price on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $575.31.

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.