Generation Investment Management LLP Sells 20,461 Shares of Synopsys, Inc. $SNPS

Generation Investment Management LLP lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 3.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 540,321 shares of the semiconductor company’s stock after selling 20,461 shares during the period. Synopsys accounts for approximately 1.8% of Generation Investment Management LLP’s holdings, making the stock its 20th biggest position. Generation Investment Management LLP owned about 0.35% of Synopsys worth $277,012,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Saudi Central Bank bought a new stake in Synopsys during the 1st quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Synopsys by 441.7% during the 1st 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 in the last quarter. Independence Bank of Kentucky raised its position in shares of Synopsys by 120.0% during 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 lifted its holdings in shares of Synopsys by 481.8% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after buying an additional 53 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Synopsys during the first quarter worth $34,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the sale, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’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 transaction, the chief accounting officer owned 20,520 shares in the company, 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 worth $16,760,783. Insiders own 0.62% of the company’s stock.

Synopsys Trading Down 0.7%

Shares of SNPS stock opened at $393.43 on Monday. The company has a market cap of $73.08 billion, a PE ratio of 30.88, 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. The stock’s 50 day simple moving average is $475.14 and its two-hundred day simple moving average is $515.52. 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 released 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 company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. BNP Paribas assumed coverage on Synopsys in a report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 target price on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 price target (down from $650.00) on shares of Synopsys in a research note on Wednesday, September 10th. Piper Sandler cut their price target on Synopsys from $660.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Finally, Stifel Nicolaus decreased their price objective on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $569.67.

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.