Pinnacle Wealth Planning Services Inc. Grows Stock Holdings in Synopsys, Inc. $SNPS

Pinnacle Wealth Planning Services Inc. grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 12.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,222 shares of the semiconductor company’s stock after acquiring an additional 136 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Synopsys were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SNPS. Saudi Central Bank bought a new stake in Synopsys in the 1st quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 acquiring an additional 53 shares in the last quarter. Independence Bank of Kentucky lifted 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 worth $28,000 after acquiring an additional 30 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Synopsys by 481.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Synopsys during the 1st quarter valued at $34,000. 85.47% of the stock is currently owned by institutional investors.

Insider Activity at Synopsys

In related news, Director Robert G. Painter purchased 350 shares of Synopsys stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the transaction, the director directly owned 2,291 shares of the company’s stock, valued at $974,683.04. This represents a 18.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 in the last 90 days. 0.62% of the stock is owned by company insiders.

Synopsys Trading Down 1.6%

SNPS opened at $383.82 on Wednesday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The business has a 50 day simple moving average of $446.18 and a two-hundred day simple moving average of $512.51. The firm has a market capitalization of $71.29 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 5.02 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last posted its earnings results 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). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. Synopsys’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm 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. Analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.

Analysts Set New Price Targets

SNPS has been the subject of several recent research reports. KeyCorp lowered 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 decreased their price objective on Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 10th. Needham & Company LLC dropped their target price on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Rosenblatt Securities restated a “neutral” rating and set a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, Wall Street Zen downgraded Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $562.14.

Synopsys 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.