IFP Advisors Inc Trims Stock Position in Synopsys, Inc. $SNPS

IFP Advisors Inc cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 40.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 611 shares of the semiconductor company’s stock after selling 412 shares during the period. IFP Advisors Inc’s holdings in Synopsys were worth $313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC lifted its stake in Synopsys by 26.8% in the first quarter. GAMMA Investing LLC now owns 2,790 shares of the semiconductor company’s stock valued at $1,196,000 after buying an additional 590 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Synopsys by 3.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company’s stock valued at $8,651,000 after buying an additional 655 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Synopsys in the first quarter valued at approximately $1,000,000. Finally, Janney Montgomery Scott LLC lifted its stake in Synopsys by 12.4% in the first quarter. Janney Montgomery Scott LLC now owns 56,514 shares of the semiconductor company’s stock valued at $24,236,000 after buying an additional 6,236 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synopsys

In related news, 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 value of $4,945,385.70. Following the completion of the transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $6,694,687.66. Following the completion of the transaction, 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. In the last ninety days, insiders sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SNPS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $605.00 target price (down from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Baird R W cut shares of Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Bank of America reaffirmed an “underperform” rating and set a $525.00 price objective (down from $625.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company reduced their price objective on Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $569.67.

Synopsys Trading Down 1.8%

NASDAQ:SNPS opened at $435.90 on Thursday. The stock has a fifty day moving average price of $532.75 and a two-hundred day moving average price of $510.07. The stock has a market capitalization of $80.97 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 4.89 and a beta of 1.10. 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 1 year low of $365.74 and a 1 year high of $651.73.

Synopsys (NASDAQ:SNPS) last released 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 business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal 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.