LRI Investments LLC Acquires 24 Shares of Synopsys, Inc. $SNPS

LRI Investments LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 7.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 355 shares of the semiconductor company’s stock after acquiring an additional 24 shares during the quarter. LRI Investments LLC’s holdings in Synopsys were worth $182,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Independence Bank of Kentucky grew its holdings 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 worth $28,000 after buying an additional 30 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after buying an additional 44 shares in the last quarter. Saudi Central Bank bought a new position in shares of Synopsys during the first quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 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 about $34,000. 85.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Baird R W downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. KeyCorp decreased their price target on Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Zacks Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research note on Friday, September 12th. Needham & Company LLC decreased their price target on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group decreased their price target on Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $575.31.

Insider Buying and Selling

In other Synopsys news, Director Robert G. Painter purchased 350 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction on Friday, September 5th. The shares were sold at an average price of $609.77, for a total value of $2,228,709.35. Following the completion of the transaction, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,894 shares of company stock worth $16,760,783 in the last quarter. Insiders own 0.62% of the company’s stock.

Synopsys Stock Performance

NASDAQ:SNPS opened at $438.92 on Monday. The stock has a market cap of $81.53 billion, a P/E ratio of 34.45, a PEG ratio of 4.84 and a beta of 1.10. The stock has a 50 day simple moving average of $544.01 and a 200 day simple moving average of $510.99. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business earned $3.43 EPS. 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. Research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

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.