Chicago Partners Investment Group LLC Buys 420 Shares of Synopsys, Inc. $SNPS

Chicago Partners Investment Group LLC boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 71.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,007 shares of the semiconductor company’s stock after acquiring an additional 420 shares during the period. Chicago Partners Investment Group LLC’s holdings in Synopsys were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Sigma Investment Counselors Inc. boosted its holdings in shares of Synopsys by 4.1% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 26,112 shares of the semiconductor company’s stock worth $13,387,000 after buying an additional 1,038 shares in the last quarter. Wendell David Associates Inc. boosted its stake in Synopsys by 32.7% during the second quarter. Wendell David Associates Inc. now owns 1,482 shares of the semiconductor company’s stock worth $760,000 after acquiring an additional 365 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Synopsys during the 2nd quarter worth about $8,869,000. Quotient Wealth Partners LLC bought a new position in shares of Synopsys during the 2nd quarter worth about $268,000. Finally, Chevy Chase Trust Holdings LLC boosted its position in shares of Synopsys by 0.7% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 81,971 shares of the semiconductor company’s stock worth $42,025,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

SNPS has been the topic of several recent research reports. Baird R W lowered Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Citigroup cut Synopsys from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 10th. Mizuho cut their target price on Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Ten investment 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $569.67.

Insider Activity

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert G. Painter bought 350 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This represents a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 30,894 shares of company stock valued at $16,760,783 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $454.30 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $515.84 and its two-hundred day simple moving average is $511.08. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The stock has a market cap of $84.39 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 5.06 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 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 posted $3.43 earnings per share. 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. As a group, analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal 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.