Lazard Freres Gestion S.A.S. Sells 1,200 Shares of Synopsys, Inc. $SNPS

Lazard Freres Gestion S.A.S. cut its stake in Synopsys, Inc. (NASDAQ:SNPS) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,800 shares of the semiconductor company’s stock after selling 1,200 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Synopsys were worth $3,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SNPS. Brighton Jones LLC grew its position in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC raised its stake in shares of Synopsys by 26.8% during the 1st quarter. GAMMA Investing LLC now owns 2,790 shares of the semiconductor company’s stock worth $1,196,000 after purchasing an additional 590 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Synopsys by 8.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,748 shares of the semiconductor company’s stock worth $2,894,000 after purchasing an additional 550 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Synopsys by 15.0% during the 1st quarter. International Assets Investment Management LLC now owns 552 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 72 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Synopsys by 5.3% during the 1st quarter. Bessemer Group Inc. now owns 3,887 shares of the semiconductor company’s stock valued at $1,667,000 after purchasing an additional 196 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director directly owned 2,291 shares of the company’s stock, valued at $974,683.04. This trade represents a 18.03% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 over the last three months. Company insiders own 0.62% of the company’s stock.

Synopsys Stock Up 0.4%

SNPS opened at $456.09 on Friday. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The company has a market capitalization of $84.72 billion, a P/E ratio of 35.80, a P/E/G ratio of 5.01 and a beta of 1.10. The stock has a fifty day moving average of $512.63 and a 200-day moving average of $511.59.

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

Wall Street Analyst Weigh In

SNPS has been the subject of several research reports. Needham & Company LLC cut their price target on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $605.00 price target (down previously from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. BNP Paribas began coverage on Synopsys in a report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price target for the company. Mizuho dropped their target price on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Finally, Robert W. Baird reissued a “neutral” rating and set a $535.00 target price (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $569.67.

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.