Arcadia Investment Management Corp MI Has $51,000 Position in Synopsys, Inc. $SNPS

Arcadia Investment Management Corp MI cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 66.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Synopsys were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNPS. Nuveen LLC acquired a new position in shares of Synopsys during the first quarter worth $341,480,000. Pictet Asset Management Holding SA grew its position in Synopsys by 38.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after acquiring an additional 673,837 shares during the last quarter. Generation Investment Management LLP acquired a new position in Synopsys in the 1st quarter worth about $240,491,000. Vanguard Group Inc. raised its position in Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after purchasing an additional 346,994 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Synopsys by 22.2% during the first quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock valued at $739,857,000 after purchasing an additional 313,218 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.0%

Shares of SNPS stock opened at $389.83 on Friday. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The stock has a 50 day simple moving average of $454.97 and a two-hundred day simple moving average of $512.87. The company has a market cap of $72.41 billion, a P/E ratio of 30.60, a PEG ratio of 5.02 and a beta of 1.10.

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 company 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $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. Research analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Activity at Synopsys

In other news, Director Robert G. Painter bought 350 shares of Synopsys stock in a transaction dated Thursday, September 11th. The stock was bought at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director directly owned 2,291 shares in the company, valued at approximately $974,683.04. This represents a 18.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the sale, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SNPS shares. Mizuho reduced their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Citigroup lowered shares of Synopsys from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 10th. Wells Fargo & Company decreased their price target on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 10th. Morgan Stanley cut their price target on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, September 11th. Finally, 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. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and an average target price of $562.14.

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.