Synopsys, Inc. $SNPS Shares Sold by Prosperity Consulting Group LLC

by · The Markets Daily

Prosperity Consulting Group LLC decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,240 shares of the semiconductor company’s stock after selling 173 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Synopsys were worth $2,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HBW Advisory Services LLC lifted its holdings in Synopsys by 494.9% in the second quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock worth $1,851,000 after purchasing an additional 3,004 shares during the period. Bank of New York Mellon Corp lifted its holdings in Synopsys by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock worth $691,035,000 after purchasing an additional 4,815 shares during the period. Westbourne Investments Inc. acquired a new stake in Synopsys in the second quarter worth about $1,505,000. Bourgeon Capital Management LLC acquired a new stake in Synopsys in the second quarter worth about $451,000. Finally, North Star Asset Management Inc. lifted its holdings in Synopsys by 3.6% in the first quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock worth $25,847,000 after purchasing an additional 2,082 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Baird R W downgraded shares of Synopsys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 10th. Citigroup downgraded shares of Synopsys from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 10th. Needham & Company LLC reduced their price objective on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $569.67.

View Our Latest Report on Synopsys

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shelagh Glaser sold 3,655 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was 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 approximately $9,339,847.09. The trade was a 19.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $416.35 on Wednesday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. 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 company has a market capitalization of $77.34 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 5.02 and a beta of 1.10. The firm has a 50-day moving average of $487.55 and a two-hundred day moving average of $515.80.

Synopsys (NASDAQ:SNPS – Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. Synopsys had a return on equity of 10.82% and a net margin of 31.04%.Synopsys’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.43 EPS. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS. Q4 2025 guidance at 2.760-2.80 EPS. As a group, analysts expect 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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