Investment Management Corp of Ontario Sells 11,888 Shares of Synopsys, Inc. $SNPS

Investment Management Corp of Ontario reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 66.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,118 shares of the semiconductor company’s stock after selling 11,888 shares during the quarter. Investment Management Corp of Ontario’s holdings in Synopsys were worth $3,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Independence Bank of Kentucky increased its holdings in shares of Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. Saudi Central Bank bought a new position in Synopsys in the 1st quarter worth about $26,000. Princeton Global Asset Management LLC grew its position in Synopsys by 481.8% during 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 during the last quarter. AlphaQuest LLC increased its stake in Synopsys by 423.1% during the 2nd quarter. AlphaQuest LLC now owns 68 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in Synopsys during the 1st quarter valued at about $34,000. Institutional investors own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. KeyCorp reduced their price target on Synopsys from $590.00 to $575.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. BNP Paribas initiated coverage on Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price objective on the stock. Rosenblatt Securities raised shares of Synopsys from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $605.00 to $560.00 in a report on Tuesday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $535.00 price target (down previously from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $550.67.

Synopsys Stock Performance

NASDAQ:SNPS opened at $475.83 on Thursday. The company has a market cap of $88.39 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 5.78 and a beta of 1.16. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The stock’s 50 day simple moving average is $435.91 and its two-hundred day simple moving average is $504.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, December 10th. The semiconductor company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.11. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the firm posted $3.40 earnings per share. Synopsys’s revenue for the quarter was up 37.8% compared to the same quarter last year. Synopsys has set its FY 2026 guidance at 14.320-14.400 EPS and its Q1 2026 guidance at 3.520-3.580 EPS. As a group, equities analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Synopsys

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were 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. This represents a 32.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

About Synopsys

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.