Nisa Investment Advisors LLC Increases Stock Holdings in Synopsys, Inc. $SNPS

Nisa Investment Advisors LLC boosted its position in Synopsys, Inc. (NASDAQ:SNPS) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,084 shares of the semiconductor company’s stock after buying an additional 2,295 shares during the period. Nisa Investment Advisors LLC’s holdings in Synopsys were worth $23,114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky boosted its holdings in shares of Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Synopsys by 275.0% in the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. Saudi Central Bank purchased a new stake in Synopsys in the 1st quarter valued at approximately $26,000. Princeton Global Asset Management LLC boosted its holdings in Synopsys by 481.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Synopsys by 441.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SNPS. Morgan Stanley decreased their price target on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Zacks Research lowered shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Robert W. Baird restated a “neutral” rating and set a $535.00 target price (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Wells Fargo & Company decreased their target price on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 10th. Finally, Piper Sandler decreased their price objective on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $569.67.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $464.18 on Monday. The stock has a market cap of $86.22 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 5.11 and a beta of 1.10. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The company’s 50-day moving average price is $509.56 and its 200 day moving average price is $513.66. 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 (NASDAQ:SNPS) last announced its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the company earned $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. As a group, research analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This represents a 32.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert G. Painter bought 350 shares of Synopsys stock in a transaction that occurred on Thursday, September 11th. The stock was bought at an average cost 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 $974,683.04. This represents a 18.03% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

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.