Kornitzer Capital Management Inc. KS Sells 1,700 Shares of Synopsys, Inc. $SNPS

Kornitzer Capital Management Inc. KS decreased its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 10.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,751 shares of the semiconductor company’s stock after selling 1,700 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Synopsys were worth $7,563,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CVA Family Office LLC grew its stake in shares of Synopsys by 21.7% in the second quarter. CVA Family Office LLC now owns 314 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 56 shares during the last quarter. Fielder Capital Group LLC bought a new stake in shares of Synopsys in the second quarter worth $201,000. Keeler Thomas Management LLC bought a new stake in shares of Synopsys in the second quarter worth $1,916,000. Hobart Private Capital LLC grew its stake in shares of Synopsys by 128.4% in the second quarter. Hobart Private Capital LLC now owns 1,117 shares of the semiconductor company’s stock worth $573,000 after purchasing an additional 628 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Synopsys by 423.1% in the second quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $464.18 on Friday. The firm’s 50-day moving average price is $509.56 and its 200-day moving average price is $513.07. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The firm has a market capitalization of $86.22 billion, a P/E ratio of 36.43, a P/E/G ratio of 5.11 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share 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 company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $3.43 EPS. Synopsys’s revenue for the quarter was up 14.0% on a year-over-year basis. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. Equities research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Activity at Synopsys

In related news, CFO Shelagh Glaser sold 3,655 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $609.77, for a total value of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. This represents a 19.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert G. Painter bought 350 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was acquired at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the acquisition, the director directly owned 2,291 shares in the company, valued at $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 over the last three months. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of 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 shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Mizuho dropped their target price on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Rosenblatt Securities restated a “neutral” rating and issued a $605.00 target price (down previously from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $569.67.

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.