Ownership Capital B.V. Cuts Position in Synopsys, Inc. $SNPS

Ownership Capital B.V. lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 24.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,307 shares of the semiconductor company’s stock after selling 21,048 shares during the quarter. Synopsys comprises 2.0% of Ownership Capital B.V.’s portfolio, making the stock its 21st largest position. Ownership Capital B.V.’s holdings in Synopsys were worth $33,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Cornerstone Planning Group LLC grew its holdings in shares of Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Synopsys during the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 53 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Down 1.8%

SNPS opened at $456.83 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a market capitalization of $84.86 billion, a PE ratio of 35.86, a PEG ratio of 5.13 and a beta of 1.10. The firm’s 50 day simple moving average is $503.24 and its two-hundred day simple moving average is $514.27.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate of $3.75 by ($1.45). The firm had revenue of $1.74 billion for 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 for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business 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, equities analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SNPS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Wall Street Zen cut shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Bank of America restated an “underperform” rating and issued a $525.00 target price (down previously from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. Needham & Company LLC dropped their target price on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Finally, KeyCorp dropped 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. Ten equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $569.67.

Insider Activity

In other news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the sale, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the sale, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,894 shares of company stock valued at $16,760,783 over the last 90 days. Company insiders own 0.62% of the company’s stock.

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.