Kornitzer Capital Management Inc. KS Has $7.56 Million Stock Holdings in Synopsys, Inc. $SNPS

Kornitzer Capital Management Inc. KS decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,751 shares of the semiconductor company’s stock after selling 1,700 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Synopsys were worth $7,563,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNPS. Brighton Jones LLC lifted its holdings in Synopsys by 5.7% during the 4th 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. GAMMA Investing LLC lifted its stake in shares of Synopsys by 26.8% in the 1st 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 during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Synopsys by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,748 shares of the semiconductor company’s stock valued at $2,894,000 after purchasing an additional 550 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Synopsys by 15.0% in the 1st quarter. International Assets Investment Management LLC now owns 552 shares of the semiconductor company’s stock valued at $237,000 after purchasing an additional 72 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Synopsys by 5.3% in the 1st quarter. Bessemer Group Inc. now owns 3,887 shares of the semiconductor company’s stock valued at $1,667,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research report on Saturday. Wells Fargo & Company dropped their price target on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 10th. Zacks Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. Finally, Needham & Company LLC dropped their price target on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Ten research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $569.67.

Insider Activity at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 15,317 shares of the company’s stock, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction 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 in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,894 shares of company stock worth $16,760,783. Corporate insiders own 0.62% of the company’s stock.

Synopsys Stock Up 1.8%

Shares of SNPS opened at $464.18 on Friday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The company has a market cap of $86.22 billion, a P/E ratio of 36.43, a P/E/G ratio of 5.11 and a beta of 1.10. 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 firm has a 50 day simple moving average of $509.56 and a two-hundred day simple moving average of $513.07.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 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 analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $3.43 earnings per share. 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. Research analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

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.