Synopsys, Inc. $SNPS Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,100 shares of the semiconductor company’s stock after selling 132 shares during the quarter. Yousif Capital Management LLC’s holdings in Synopsys were worth $9,280,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. boosted its holdings in shares of Synopsys by 40.0% in the 2nd quarter. Montrusco Bolton Investments Inc. now owns 416,518 shares of the semiconductor company’s stock valued at $209,340,000 after purchasing an additional 118,961 shares during the last quarter. MGO One Seven LLC increased its position in shares of Synopsys by 40.1% in the 2nd quarter. MGO One Seven LLC now owns 1,229 shares of the semiconductor company’s stock worth $630,000 after purchasing an additional 352 shares during the last quarter. Yarger Wealth Strategies LLC acquired a new position in shares of Synopsys in the 2nd quarter valued at about $409,000. LRI Investments LLC boosted its stake in Synopsys by 7.3% during the 2nd quarter. LRI Investments LLC now owns 355 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 24 shares during the period. Finally, CWM LLC grew its position in Synopsys by 19.1% in the second quarter. CWM LLC now owns 5,874 shares of the semiconductor company’s stock worth $3,012,000 after acquiring an additional 941 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. 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. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. KeyCorp lowered their target price on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock 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 research note on Wednesday, September 10th. Finally, Citigroup lowered shares of Synopsys from a “neutral” rating to an “underperform” rating 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 company’s stock. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Hold” and an average price target of $575.31.

Insiders Place Their Bets

In other news, CFO Shelagh Glaser sold 3,655 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares of the company’s stock, valued at $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the 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 directly owned 71,615 shares of the company’s stock, valued at $42,181,951.15. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,894 shares of company stock valued at $16,760,783 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Trading Up 2.1%

SNPS stock opened at $448.00 on Tuesday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The stock has a market cap of $83.22 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 4.84 and a beta of 1.10. The company has a fifty day moving average price of $540.25 and a two-hundred day moving average price of $511.06.

Synopsys (NASDAQ:SNPS) last posted its quarterly 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). 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 for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Equities analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

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.