Catalyst Funds Management Pty Ltd Purchases Shares of 1,200 Synopsys, Inc. $SNPS

Catalyst Funds Management Pty Ltd acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,200 shares of the semiconductor company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Independence Bank of Kentucky lifted its position in Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Saudi Central Bank bought a new position in shares of Synopsys in the first quarter worth about $26,000. Princeton Global Asset Management LLC lifted its position in shares of Synopsys by 481.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 53 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 53 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in Synopsys by 423.1% during the 2nd quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 0.2%

Shares of Synopsys stock opened at $385.60 on Friday. The company’s fifty day moving average price is $445.10 and its two-hundred day moving average price is $510.75. The firm has a market capitalization of $71.62 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $3.75 by ($1.45). Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $3.43 earnings per share. Synopsys’s 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. On average, analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys stock in a transaction on 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 transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on SNPS. Citigroup downgraded Synopsys from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. Wells Fargo & Company dropped their target price on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. BNP Paribas initiated coverage on shares of Synopsys in a report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $605.00 price objective (down previously from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Nine equities research 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. According to MarketBeat.com, Synopsys currently has an average rating of “Hold” and an average target price of $562.14.

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.