Evermay Wealth Management LLC Buys 38 Shares of Synopsys, Inc. $SNPS

Evermay Wealth Management LLC increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,569 shares of the semiconductor company’s stock after buying an additional 38 shares during the quarter. Evermay Wealth Management LLC’s holdings in Synopsys were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SNPS. Brighton Jones LLC grew its stake in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 50 shares in the last quarter. GAMMA Investing LLC lifted its position 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 valued at $1,196,000 after purchasing an additional 590 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Synopsys by 3.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company’s stock worth $8,651,000 after purchasing an additional 655 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in Synopsys in the 1st quarter worth about $293,000. Finally, GAM Holding AG increased its stake in Synopsys by 22.6% in the 1st quarter. GAM Holding AG now owns 3,578 shares of the semiconductor company’s stock valued at $1,534,000 after buying an additional 659 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNPS shares. Stifel Nicolaus cut their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. JPMorgan Chase & Co. cut their price objective on Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 10th. BNP Paribas started coverage on Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 target price for the company. Piper Sandler lowered their target price on Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Finally, Morgan Stanley reduced 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. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $569.67.

Synopsys Stock Up 1.7%

Shares of NASDAQ SNPS opened at $447.64 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The stock has a market capitalization of $83.15 billion, a PE ratio of 35.14, a P/E/G ratio of 4.93 and a beta of 1.10. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The business’s fifty day moving average price is $525.72 and its 200-day moving average price is $511.38.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.43 earnings per share. 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 research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Buying and Selling at Synopsys

In other Synopsys news, Director Robert G. Painter bought 350 shares of the stock in a transaction on Thursday, September 11th. The shares were acquired at an average price of $425.44 per share, with a total value of $148,904.00. Following the acquisition, the director directly owned 2,291 shares of the company’s stock, valued at $974,683.04. The trade was a 18.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the sale, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. This represents a 13.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,894 shares of company stock valued at $16,760,783. 0.62% of the stock is owned by corporate insiders.

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.