568 Shares in Synopsys, Inc. $SNPS Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 568 shares of the semiconductor company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HBW Advisory Services LLC grew its holdings in Synopsys by 494.9% during the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock valued at $1,851,000 after buying an additional 3,004 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Synopsys by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock valued at $691,035,000 after acquiring an additional 4,815 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in shares of Synopsys during the second quarter valued at $1,505,000. Bourgeon Capital Management LLC purchased a new stake in Synopsys during the 2nd quarter worth about $451,000. Finally, North Star Asset Management Inc. raised its stake in Synopsys by 3.6% in the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock valued at $25,847,000 after purchasing an additional 2,082 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 15,317 shares in the company, valued at $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last quarter. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

SNPS has been the topic of several analyst reports. Wall Street Zen cut shares of Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Piper Sandler reduced their price objective on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 price target (down previously from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $569.67.

Synopsys Price Performance

Shares of Synopsys stock opened at $393.43 on Friday. The business’s fifty day moving average price is $475.14 and its 200 day moving average price is $514.16. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $73.08 billion, a P/E ratio of 30.88, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results 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 analyst estimates of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter 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, research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

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.