Huntington National Bank Sells 1,326 Shares of Synopsys, Inc. $SNPS

Huntington National Bank lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,128 shares of the semiconductor company’s stock after selling 1,326 shares during the quarter. Huntington National Bank’s holdings in Synopsys were worth $3,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares in the last quarter. Private Trust Co. NA raised its holdings in Synopsys by 47.0% in the first quarter. Private Trust Co. NA now owns 394 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 126 shares in the last quarter. Mutual Advisors LLC raised its holdings in Synopsys by 10.4% in the first quarter. Mutual Advisors LLC now owns 1,069 shares of the semiconductor company’s stock worth $477,000 after purchasing an additional 101 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Synopsys by 4.8% in the first quarter. D.A. Davidson & CO. now owns 4,617 shares of the semiconductor company’s stock worth $1,980,000 after purchasing an additional 213 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Synopsys by 6.6% in the first quarter. OneDigital Investment Advisors LLC now owns 2,715 shares of the semiconductor company’s stock worth $1,164,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $416.35 on Wednesday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year 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. The business has a fifty day moving average price of $487.55 and a 200-day moving average price of $515.80. The company has a market capitalization of $77.34 billion, a PE ratio of 32.68, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 EPS 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 analysts’ expectations of $1.77 billion. During the same period last year, the business earned $3.43 earnings per share. The company’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. As a group, equities analysts expect that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Synopsys news, Director Robert G. Painter acquired 350 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director directly owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. This represents a 18.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNPS. Mizuho decreased their price objective on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Robert W. Baird reiterated a “neutral” rating and issued a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 price objective (down previously from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Baird R W downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Finally, Zacks Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $569.67.

About Synopsys

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.