Conning Inc. Has $398,000 Stake in Synopsys, Inc. $SNPS

Conning Inc. trimmed its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776 shares of the semiconductor company’s stock after selling 40 shares during the quarter. Conning Inc.’s holdings in Synopsys were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after buying an additional 50 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Synopsys by 9.1% during the first quarter. Farther Finance Advisors LLC now owns 1,899 shares of the semiconductor company’s stock worth $828,000 after buying an additional 158 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Synopsys by 26.8% during the first quarter. GAMMA Investing LLC now owns 2,790 shares of the semiconductor company’s stock worth $1,196,000 after buying an additional 590 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Synopsys by 8.0% in the 1st quarter. Integrated Advisors Network LLC now owns 529 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 39 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in Synopsys by 121.5% in the 1st quarter. Simon Quick Advisors LLC now owns 1,411 shares of the semiconductor company’s stock worth $605,000 after purchasing an additional 774 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 9.4%

SNPS opened at $438.92 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $544.01 and a 200-day moving average of $510.54. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The stock has a market cap of $81.53 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 4.84 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business posted $3.43 earnings per share. The business’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. On average, sell-side analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNPS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a report on Wednesday. Mizuho lowered their price objective on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Baird R W downgraded Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Bank of America restated an “underperform” rating and issued a $525.00 price target (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, Morgan Stanley decreased their price target on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Eleven investment 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 MarketBeat, the company currently has an average rating of “Hold” and an average price target of $575.31.

Insiders Place Their Bets

In other news, CFO Shelagh Glaser sold 3,655 shares of the firm’s 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 completion of the sale, the chief financial officer owned 15,317 shares of the company’s stock, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’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 transaction of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,894 shares of company stock worth $16,760,783. Company insiders own 0.62% of the company’s stock.

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.