Synopsys, Inc. $SNPS Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,301 shares of the semiconductor company’s stock after acquiring an additional 3,385 shares during the quarter. Baird Financial Group Inc.’s holdings in Synopsys were worth $16,047,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNPS. Brighton Jones LLC increased its holdings in Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Synopsys by 10.8% during the first quarter. Harbour Investments Inc. now owns 235 shares of the semiconductor company’s stock worth $101,000 after buying an additional 23 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Synopsys by 28.9% in the first quarter. Atria Wealth Solutions Inc. now owns 5,679 shares of the semiconductor company’s stock worth $2,435,000 after buying an additional 1,272 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Synopsys in the first quarter valued at $309,000. Finally, Swiss National Bank boosted its stake in Synopsys by 0.5% during the 1st quarter. Swiss National Bank now owns 436,000 shares of the semiconductor company’s stock valued at $186,979,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In other news, Director Robert G. Painter purchased 350 shares of the stock in a transaction dated Thursday, September 11th. The stock was acquired at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the transaction, the director owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys 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 sale, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This represents a 32.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is owned by company insiders.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $466.76 on Friday. 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 firm’s 50-day moving average price is $437.04 and its two-hundred day moving average price is $505.35. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The stock has a market capitalization of $86.70 billion, a P/E ratio of 36.64, a P/E/G ratio of 5.35 and a beta of 1.16.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.43 earnings per share. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS and its Q4 2025 guidance at 2.760-2.80 EPS. As a group, sell-side analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNPS. Wells Fargo & Company dropped their target price on shares of Synopsys from $550.00 to $445.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research note on Wednesday, October 8th. Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Citigroup assumed coverage on Synopsys in a report on Monday, November 24th. They set a “buy” rating and a $580.00 target price on the stock. Finally, BNP Paribas started coverage on Synopsys in a report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target for the company. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $555.33.

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.