Nordea Investment Management AB Has $544.93 Million Holdings in Synopsys, Inc. $SNPS

Nordea Investment Management AB lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,058,564 shares of the semiconductor company’s stock after selling 181,885 shares during the quarter. Nordea Investment Management AB’s holdings in Synopsys were worth $544,928,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Independence Bank of Kentucky boosted its stake 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 worth $28,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 44 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Synopsys during the 1st quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 53 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Synopsys during the 1st quarter worth about $34,000. Institutional investors own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were 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 $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SNPS has been the subject of several recent analyst reports. Mizuho decreased their price target on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Rosenblatt Securities reissued a “neutral” rating and set a $605.00 price objective (down previously from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Wall Street Zen cut Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Robert W. Baird reissued a “neutral” rating and set a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, BNP Paribas started coverage on Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective for the company. Ten investment 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’s stock. According to MarketBeat.com, Synopsys has an average rating of “Hold” and an average target price of $569.67.

Synopsys Trading Up 1.0%

Shares of SNPS opened at $440.20 on Friday. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. 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 firm has a market capitalization of $81.77 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 4.80 and a beta of 1.10. The stock’s 50-day moving average price is $529.15 and its 200 day moving average price is $510.15.

Synopsys (NASDAQ:SNPS) last issued 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 firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $3.43 earnings per share. The company’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. As a group, research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

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.