Midwest Trust Co Makes New $17.56 Million Investment in Synopsys, Inc. $SNPS

Midwest Trust Co acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, Holdings Channel reports. The firm acquired 34,244 shares of the semiconductor company’s stock, valued at approximately $17,556,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Saudi Central Bank acquired a new position in Synopsys during the 1st quarter valued at $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 purchasing an additional 53 shares during the period. Independence Bank of Kentucky increased its holdings 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 purchasing an additional 30 shares during the period. Princeton Global Asset Management LLC raised its position in shares of Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 53 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Synopsys in the first quarter valued at about $34,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Trading Down 0.7%

SNPS stock opened at $393.43 on Friday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The firm has a market cap of $73.08 billion, a P/E ratio of 30.88, a P/E/G ratio of 5.02 and a beta of 1.10. The business’s 50 day moving average is $475.14 and its 200-day moving average is $514.87. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing the consensus estimate of $3.75 by ($1.45). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.Synopsys’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Equities analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNPS has been the topic of several research reports. KeyCorp lowered their price target on Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Citigroup downgraded Synopsys from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. lowered 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. Needham & Company LLC cut their target price on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $569.67.

Insider Buying and Selling

In other 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 value of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. The trade was a 19.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company’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 completion of the sale, the chief executive officer directly owned 71,615 shares in the company, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 in the last ninety days. 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.