Synopsys, Inc. $SNPS Shares Purchased by Boston Family Office LLC

Boston Family Office LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 20.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,357 shares of the semiconductor company’s stock after acquiring an additional 908 shares during the period. Boston Family Office LLC’s holdings in Synopsys were worth $2,746,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SNPS. Saudi Central Bank acquired a new position in Synopsys during the 1st quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Synopsys by 441.7% in 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 lifted 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 last quarter. Princeton Global Asset Management LLC boosted 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 acquiring an additional 53 shares during the period. Finally, WPG Advisers LLC bought a new position in shares of Synopsys during the first quarter worth about $34,000. 85.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Synopsys

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert G. Painter acquired 350 shares of the stock in a transaction dated Thursday, September 11th. The stock was acquired 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. The trade was a 18.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 over the last 90 days. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SNPS. BNP Paribas started coverage on shares of Synopsys in a research note on Thursday, October 2nd. They set an “underperform” rating and a $425.00 target price for the company. The Goldman Sachs Group cut their price target on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Needham & Company LLC decreased their price objective on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Wells Fargo & Company lowered their target price on Synopsys from $550.00 to $445.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Finally, Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synopsys has an average rating of “Hold” and an average price target of $556.33.

Synopsys Stock Performance

SNPS opened at $417.99 on Monday. The business has a 50 day moving average price of $440.31 and a two-hundred day moving average price of $507.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The company has a market capitalization of $77.64 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $3.43 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Research analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Synopsys 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.