Circle Wealth Management LLC Sells 30 Shares of Synopsys, Inc. $SNPS

Circle Wealth Management LLC lessened its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,480 shares of the semiconductor company’s stock after selling 30 shares during the period. Circle Wealth Management LLC’s holdings in Synopsys were worth $1,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in Synopsys by 275.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 44 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake 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. Ameriflex Group Inc. purchased a new position in shares of Synopsys in the 4th quarter worth about $29,000. Cloud Capital Management LLC purchased a new position in shares of Synopsys in the 1st quarter worth about $36,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Synopsys by 33.3% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 26 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Down 0.5%

Shares of SNPS stock opened at $598.17 on Friday. The company has a market capitalization of $92.81 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 3.95 and a beta of 1.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 6.85 and a current ratio of 7.02. The business’s fifty day moving average is $567.73 and its 200 day moving average is $500.38. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.27. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the business earned $3.00 earnings per share. Synopsys’s revenue for the quarter was up 10.3% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 15.110-15.190 EPS. Q3 2025 guidance at 3.820-3.87 EPS. On average, equities research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNPS shares. Stifel Nicolaus set a $550.00 price objective on Synopsys in a report on Monday, April 28th. KeyCorp upped their price target on Synopsys from $540.00 to $610.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Needham & Company LLC reiterated a “buy” rating and set a $660.00 price target (up previously from $650.00) on shares of Synopsys in a research note on Tuesday, July 15th. Bank of America upped their price objective on shares of Synopsys from $575.00 to $625.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Rosenblatt Securities lifted their target price on shares of Synopsys from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synopsys presently has an average rating of “Moderate Buy” and a consensus target price of $626.79.

Insider Transactions at Synopsys

In other Synopsys news, CFO Shelagh Glaser sold 7,310 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the sale, the chief financial officer owned 15,291 shares in the company, valued at $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Richard S. Mahoney sold 9,010 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $471.21, for a total value of $4,245,602.10. Following the transaction, the executive owned 1,485 shares in the company, valued at $699,746.85. This trade represents a 85.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,686 shares of company stock valued at $13,001,048. 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.