Carlson Capital L.P. Purchases Shares of 480 Synopsys, Inc. $SNPS

Carlson Capital L.P. bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 480 shares of the semiconductor company’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently added to or reduced their stakes in SNPS. Quadrant Capital Group LLC raised its stake in shares of Synopsys by 27.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,724 shares of the semiconductor company’s stock worth $2,422,000 after buying an additional 1,004 shares during the period. Hel Ved Capital Management Ltd purchased a new stake in Synopsys in the 2nd quarter worth $2,563,000. J.W. Cole Advisors Inc. acquired a new position in Synopsys during the second quarter worth $320,000. North Star Asset Management Inc. lifted its holdings in Synopsys by 1.9% during the second quarter. North Star Asset Management Inc. now owns 61,423 shares of the semiconductor company’s stock valued at $31,490,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in shares of Synopsys by 5.3% in the second quarter. Manchester Capital Management LLC now owns 340 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 17 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America restated an “underperform” rating and issued a $525.00 target price (down previously from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. The Goldman Sachs Group dropped their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a 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 on the stock in a research note on Wednesday, September 10th. Finally, Zacks Research upgraded shares of Synopsys from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Synopsys currently has an average rating of “Hold” and a consensus price target of $556.33.

Synopsys Price Performance

Synopsys stock opened at $409.68 on Thursday. The company’s 50 day simple moving average is $443.27 and its 200-day simple moving average is $508.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm posted $3.43 EPS. Synopsys’s quarterly revenue was up 14.0% compared to the same quarter last year. 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, equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Activity

In related news, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the completion of the sale, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. The trade was a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred on 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,894 shares of company stock worth $16,760,783 over the last three months. Insiders own 0.62% of the company’s stock.

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.