Resona Asset Management Co. Ltd. Increases Holdings in Synopsys, Inc. $SNPS

by · The Cerbat Gem

Resona Asset Management Co. Ltd. boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,627 shares of the semiconductor company’s stock after purchasing an additional 2,265 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Synopsys were worth $27,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its position in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock worth $25,000 after buying an additional 44 shares in the last quarter. Saudi Central Bank purchased a new stake in Synopsys in the first quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Synopsys by 441.7% during the 1st 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 increased its position in Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings 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. 85.47% of the stock is owned by institutional investors.

Insider Activity at Synopsys

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares of the company’s stock, valued at approximately $42,181,951.15. This represents a 13.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SNPS shares. Piper Sandler dropped their price objective on shares of Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Zacks Research lowered Synopsys from a “hold” rating to a “strong sell” rating in a report on Friday, September 12th. Wells Fargo & Company dropped 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. Rosenblatt Securities reissued a “neutral” rating and issued a $605.00 price target (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, Needham & Company LLC decreased their price objective on Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Synopsys currently has an average rating of “Hold” and a consensus price target of $569.67.

Read Our Latest Research Report on SNPS

Synopsys Stock Performance

Shares of SNPS opened at $396.14 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The firm has a market cap of $73.58 billion, a PE ratio of 31.09, a P/E/G ratio of 5.02 and a beta of 1.10. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The stock has a fifty day moving average price of $479.35 and a 200-day moving average price of $514.23.

Synopsys (NASDAQ:SNPS – Get Free Report) last announced 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). Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company earned $3.43 earnings per share. The company’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. Equities research analysts predict that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

Synopsys Company Profile

(Free Report)

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.

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