Oregon Public Employees Retirement Fund Has $6.86 Million Holdings in Synopsys, Inc. $SNPS

Oregon Public Employees Retirement Fund boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,379 shares of the semiconductor company’s stock after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Synopsys were worth $6,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 44 shares in the last quarter. Saudi Central Bank acquired a new position in Synopsys during the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Synopsys by 441.7% during the first 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 last quarter. Independence Bank of Kentucky boosted its holdings in shares of Synopsys by 120.0% in the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Synopsys in the 1st quarter valued at $34,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $438.92 on Monday. 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 52 week low of $365.74 and a 52 week high of $651.73. The firm has a market cap of $81.53 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 4.84 and a beta of 1.10. The firm’s fifty day moving average is $544.01 and its 200-day moving average is $510.99.

Synopsys (NASDAQ:SNPS) last announced 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). Synopsys had a return on equity of 10.82% and a net margin of 31.04%.The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the firm posted $3.43 earnings per share. The firm’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. Sell-side analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SNPS. JPMorgan Chase & Co. lowered their price target on Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Piper Sandler reduced their price target on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Wall Street Zen cut shares of Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Bank of America reaffirmed an “underperform” rating and set a $525.00 target price (down previously from $625.00) on shares of Synopsys in a research note on Wednesday, September 10th. Finally, Morgan Stanley dropped their price target on Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Synopsys currently has an average rating of “Hold” and a consensus target price of $575.31.

Insider Buying and Selling

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shelagh Glaser sold 3,655 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,894 shares of company stock valued at $16,760,783. 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.