American Century Companies Inc. Has $347.65 Million Stock Position in Synopsys, Inc. $SNPS

American Century Companies Inc. increased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 678,097 shares of the semiconductor company’s stock after buying an additional 74,500 shares during the quarter. American Century Companies Inc. owned approximately 0.44% of Synopsys worth $347,647,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky raised its stake in Synopsys by 120.0% in 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 period. Saudi Central Bank acquired a new position in Synopsys in the 1st quarter valued at about $26,000. Princeton Global Asset Management LLC raised its holdings in Synopsys by 481.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 53 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 53 shares during the period. Finally, AlphaQuest LLC lifted its position in Synopsys by 423.1% during the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 55 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Rosenblatt Securities restated a “neutral” rating and issued a $605.00 price target (down from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. JPMorgan Chase & Co. reduced their target price on shares of Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Robert W. Baird reissued a “neutral” rating and set a $535.00 price target (down previously from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $562.14.

Synopsys Stock Performance

Shares of SNPS stock opened at $388.36 on Friday. The firm has a market capitalization of $72.14 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 5.02 and a beta of 1.10. 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 business’s 50-day moving average price is $444.36 and its 200-day moving average price is $510.39. Synopsys, Inc. has a 12 month low of $365.74 and a 12 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 analysts’ consensus estimates of $3.75 by ($1.45). The business 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter 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. Equities research analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction on Friday, September 5th. The shares were sold at an average price of $609.77, for a total value of $2,228,709.35. Following the completion of the sale, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. The trade was a 19.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert G. Painter bought 350 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director directly owned 2,291 shares in the company, valued at $974,683.04. This trade represents a 18.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is currently owned by insiders.

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.