Synopsys (NASDAQ:SNPS) Upgraded at Zacks Research

Zacks Research upgraded shares of Synopsys (NASDAQ:SNPS) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. BNP Paribas initiated coverage on Synopsys in a research note on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target for the company. The Goldman Sachs Group decreased their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Bank of America reiterated an “underperform” rating and set a $525.00 price target (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Rosenblatt Securities reiterated a “neutral” rating and set a $605.00 target price (down previously from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has a consensus rating of “Hold” and a consensus target price of $562.14.

Synopsys Trading Up 0.8%

Shares of NASDAQ SNPS opened at $398.81 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $463.30 and a two-hundred day simple moving average of $514.08. The firm has a market cap of $74.08 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. Synopsys has a twelve month low of $365.74 and a twelve month high of $651.73.

Synopsys (NASDAQ:SNPS) last issued 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 for the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period 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. Analysts expect that Synopsys will post 10.64 earnings per share for the current fiscal year.

Insider Activity at Synopsys

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction dated 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 owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 30,894 shares of company stock worth $16,760,783. Insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SNPS. Intellectus Partners LLC purchased a new position in Synopsys during the third quarter worth about $1,025,000. Aptus Capital Advisors LLC boosted its holdings in Synopsys by 10.8% during the third quarter. Aptus Capital Advisors LLC now owns 2,376 shares of the semiconductor company’s stock worth $1,172,000 after buying an additional 231 shares in the last quarter. One Wealth Capital Management LLC acquired a new position in Synopsys during the third quarter worth about $595,000. STF Management LP increased its holdings in Synopsys by 16.1% in the third quarter. STF Management LP now owns 2,696 shares of the semiconductor company’s stock valued at $1,330,000 after buying an additional 373 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Synopsys by 14.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,476 shares of the semiconductor company’s stock valued at $4,675,000 after acquiring an additional 1,225 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

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.