KBC Group NV Cuts Holdings in Synopsys, Inc. $SNPS

KBC Group NV trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 11.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,917 shares of the semiconductor company’s stock after selling 19,975 shares during the quarter. KBC Group NV owned 0.10% of Synopsys worth $80,962,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Saudi Central Bank bought a new position in shares of Synopsys during the 1st quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of 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 acquiring an additional 53 shares during the period. Independence Bank of Kentucky grew its position in shares of Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Princeton Global Asset Management LLC boosted 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 valued at $33,000 after acquiring an additional 53 shares during the last quarter. Finally, WPG Advisers LLC purchased a new stake in Synopsys in the first quarter valued at approximately $34,000. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Down 1.3%

SNPS opened at $395.60 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The stock has a market cap of $73.48 billion, a PE ratio of 31.05, a PEG ratio of 5.02 and a beta of 1.10. The business has a 50 day moving average of $467.16 and a 200-day moving average of $514.89.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) 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 analysts’ expectations of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Shelagh Glaser sold 3,655 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred 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 owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 30,894 shares of company stock worth $16,760,783. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

SNPS has been the topic of a number of recent research reports. Citigroup cut shares of Synopsys from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group decreased their price objective on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Stifel Nicolaus lowered their price objective on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Needham & Company LLC cut their target price on Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Finally, Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $562.14.

Synopsys Company 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.