Mitsubishi UFJ Trust & Banking Corp Has $49.16 Million Holdings in Synopsys, Inc. $SNPS

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,890 shares of the semiconductor company’s stock after selling 1,889 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Synopsys worth $49,161,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in Synopsys by 11.8% in the second quarter. SBI Securities Co. Ltd. now owns 2,685 shares of the semiconductor company’s stock worth $1,376,000 after purchasing an additional 284 shares in the last quarter. National Pension Service raised its holdings in shares of Synopsys by 3.0% during the second quarter. National Pension Service now owns 370,517 shares of the semiconductor company’s stock valued at $189,957,000 after purchasing an additional 10,707 shares during the period. Davidson Capital Management Inc. boosted its position in shares of Synopsys by 13.2% during the 2nd quarter. Davidson Capital Management Inc. now owns 7,184 shares of the semiconductor company’s stock worth $3,683,000 after purchasing an additional 836 shares in the last quarter. STF Management LP increased its position in Synopsys by 2.3% in the 2nd quarter. STF Management LP now owns 2,323 shares of the semiconductor company’s stock valued at $1,191,000 after buying an additional 52 shares in the last quarter. Finally, Robeco Schweiz AG bought a new position in Synopsys in the second quarter worth approximately $8,357,000. Institutional investors own 85.47% of the company’s stock.

Insider Activity

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the transaction, the chief accounting officer directly owned 20,520 shares in the company, valued at $10,278,468. This represents a 32.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of Synopsys stock in a transaction dated 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 of the company’s stock, valued at approximately $9,339,847.09. This trade represents a 19.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,894 shares of company stock valued at $16,760,783 over the last ninety days. 0.62% of the stock is owned by insiders.

Synopsys Stock Performance

Shares of SNPS stock opened at $398.81 on Thursday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The stock has a market capitalization of $74.08 billion, a P/E ratio of 31.30, a PEG ratio of 5.02 and a beta of 1.10. 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 firm’s 50 day moving average is $463.30 and its 200 day moving average is $514.08.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The company had revenue of $1.74 billion during 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 revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $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, sell-side analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNPS shares. Piper Sandler reduced their price target on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. Wall Street Zen downgraded Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Zacks Research raised Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday. Robert W. Baird restated a “neutral” rating and issued a $535.00 target price (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Bank of America reiterated an “underperform” rating and set a $525.00 price target (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $562.14.

About Synopsys

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.