Police & Firemen s Retirement System of New Jersey Boosts Holdings in Synopsys, Inc. $SNPS

Police & Firemen s Retirement System of New Jersey grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,392 shares of the semiconductor company’s stock after purchasing an additional 1,017 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Synopsys were worth $11,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SNPS. Nuveen LLC bought a new stake in Synopsys during the 1st quarter valued at approximately $341,480,000. Pictet Asset Management Holding SA raised its position in shares of Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after acquiring an additional 673,837 shares in the last quarter. Generation Investment Management LLP purchased a new position in shares of Synopsys in the 1st quarter valued at approximately $240,491,000. Vanguard Group Inc. boosted its position in shares of Synopsys by 2.4% during the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock valued at $6,359,747,000 after purchasing an additional 346,994 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Synopsys by 22.2% in the first quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company’s stock worth $739,857,000 after purchasing an additional 313,218 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of Synopsys stock opened at $393.93 on Friday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The firm’s 50-day moving average is $459.13 and its 200 day moving average is $513.25. The stock has a market cap of $73.17 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 5.02 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.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The firm had revenue of $1.74 billion for 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 firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insider Activity

In other Synopsys news, Director Robert G. Painter bought 350 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were acquired at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s 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 completion of the transaction, the chief executive officer owned 71,615 shares of the company’s stock, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,894 shares of company stock valued at $16,760,783 in the last quarter. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the subject of several recent research reports. Bank of America reissued an “underperform” rating and set a $525.00 price objective (down previously from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. KeyCorp decreased their price target on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Wells Fargo & Company dropped their price objective on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 10th. Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Citigroup downgraded shares of Synopsys from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 10th. Nine 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 company’s stock. Based on data from MarketBeat, Synopsys has a consensus rating of “Hold” and an average price target 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.