CCLA Investment Management Acquires 18,963 Shares of Synopsys, Inc. $SNPS

CCLA Investment Management increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 307,967 shares of the semiconductor company’s stock after purchasing an additional 18,963 shares during the period. Synopsys accounts for approximately 0.1% of CCLA Investment Management’s holdings, making the stock its 12th largest position. CCLA Investment Management owned about 0.20% of Synopsys worth $157,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Cornerstone Planning Group LLC grew its holdings in Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 44 shares during the period. Saudi Central Bank acquired a new stake in Synopsys during the first quarter worth approximately $26,000. Clal Insurance Enterprises Holdings Ltd lifted its position 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 acquiring an additional 53 shares during the last quarter. Independence Bank of Kentucky lifted its position in Synopsys by 120.0% during the second 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. Finally, Princeton Global Asset Management LLC lifted its position in Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Needham & Company LLC cut their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Bank of America restated an “underperform” rating and set a $525.00 price objective (down from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Mizuho cut their price objective on shares of Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Finally, Morgan Stanley cut their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Ten 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. According to data from MarketBeat.com, Synopsys presently has a consensus rating of “Hold” and an average target price of $569.67.

Synopsys Stock Up 1.8%

NASDAQ SNPS opened at $464.18 on Monday. 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, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a 50 day moving average of $509.56 and a 200-day moving average of $513.66. The company has a market cap of $86.22 billion, a price-to-earnings ratio of 36.43, a PEG ratio of 5.11 and a beta of 1.10.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.77 billion. During the same quarter in the previous year, the firm posted $3.43 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Synopsys

In related news, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert G. Painter acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of $425.44 per share, for a total transaction of $148,904.00. Following the completion of the purchase, the director directly owned 2,291 shares of the company’s stock, 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 valued at $16,760,783 in the last three months. Corporate insiders own 0.62% of the company’s stock.

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.