Activest Wealth Management Sells 40 Shares of Synopsys, Inc. $SNPS

Activest Wealth Management lowered its position in Synopsys, Inc. (NASDAQ:SNPS) by 38.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 64 shares of the semiconductor company’s stock after selling 40 shares during the period. Activest Wealth Management’s holdings in Synopsys were worth $33,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SNPS. Brighton Jones LLC increased its position 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 buying an additional 50 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Synopsys by 26.8% in the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Synopsys by 3.4% in the 1st 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 in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Synopsys in the 1st quarter valued at $409,000. Finally, NBT Bank N A NY increased its position in shares of Synopsys by 59.6% in the 1st quarter. NBT Bank N A NY now owns 455 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 170 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In other Synopsys news, Director Robert G. Painter bought 350 shares of the stock in a transaction dated Thursday, September 11th. The shares were bought at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the acquisition, the director owned 2,291 shares of the company’s stock, valued at $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction, the chief accounting officer directly owned 20,520 shares in the company, valued at $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,894 shares of company stock valued at $16,760,783 in the last 90 days. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 10th. BNP Paribas assumed coverage on shares of Synopsys in a research note on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 target price for the company. KeyCorp reduced their target price on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company 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. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $569.67.

Synopsys Stock Up 1.0%

Synopsys stock opened at $440.20 on Friday. The stock has a market cap of $81.77 billion, a P/E ratio of 34.55, a P/E/G ratio of 4.80 and a beta of 1.10. 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 twelve month low of $365.74 and a twelve month high of $651.73. The company’s 50-day moving average price is $529.15 and its two-hundred day moving average price is $510.15.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $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, analysts expect 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.