Synopsys, Inc. $SNPS Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,404 shares of the semiconductor company’s stock after selling 82 shares during the period. Apollon Wealth Management LLC’s holdings in Synopsys were worth $2,258,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Hemington Wealth Management increased its position in shares of Synopsys by 10.1% during the second quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 18 shares in the last quarter. Aberdeen Group plc increased its position in shares of Synopsys by 2.7% during the second quarter. Aberdeen Group plc now owns 127,534 shares of the semiconductor company’s stock worth $65,420,000 after purchasing an additional 3,359 shares in the last quarter. Davis Rea LTD. increased its position in shares of Synopsys by 0.3% in the 2nd quarter. Davis Rea LTD. now owns 23,943 shares of the semiconductor company’s stock valued at $12,275,000 after acquiring an additional 75 shares during the period. PDS Planning Inc increased its position in shares of Synopsys by 9.8% in the 2nd quarter. PDS Planning Inc now owns 1,077 shares of the semiconductor company’s stock valued at $552,000 after acquiring an additional 96 shares during the period. Finally, Fourpath Capital Management LLC acquired a new position in shares of Synopsys in the 2nd quarter valued at $234,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Price Performance

NASDAQ:SNPS opened at $438.92 on Monday. 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 quick ratio of 1.51 and a current ratio of 1.62. The firm has a market cap of $81.53 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 4.84 and a beta of 1.10. The firm’s fifty day moving average is $544.01 and its two-hundred day moving average is $510.99.

Synopsys (NASDAQ:SNPS) last posted its quarterly 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 net margin of 31.04% and a return on equity of 10.82%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company posted $3.43 earnings per share. Synopsys’s revenue for the quarter 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. Research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief accounting officer directly owned 20,520 shares in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,894 shares of company stock valued at $16,760,783 in the last three months. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

SNPS has been the topic of several research reports. The Goldman Sachs Group cut their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Wells Fargo & Company cut their target price on Synopsys from $630.00 to $550.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 10th. BNP Paribas initiated coverage on Synopsys in a research report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 target price on the stock. Bank of America reissued an “underperform” rating and issued a $525.00 target price (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, KeyCorp cut their target price on Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 10th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $575.31.

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.