Dnca Finance Sells 2,590 Shares of Synopsys, Inc. $SNPS

Dnca Finance lowered its position in Synopsys, Inc. (NASDAQ:SNPS) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,210 shares of the semiconductor company’s stock after selling 2,590 shares during the period. Synopsys comprises 1.4% of Dnca Finance’s holdings, making the stock its 23rd largest position. Dnca Finance’s holdings in Synopsys were worth $18,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lionshead Wealth Management LLC grew its stake in Synopsys by 1.9% in the second quarter. Lionshead Wealth Management LLC now owns 914 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 17 shares during the period. YANKCOM Partnership lifted its holdings in shares of Synopsys by 3.3% during the 2nd quarter. YANKCOM Partnership now owns 537 shares of the semiconductor company’s stock valued at $275,000 after purchasing an additional 17 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Synopsys by 5.3% during the 2nd quarter. Manchester Capital Management LLC now owns 340 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 17 shares in the last quarter. Hemington Wealth Management grew its position in shares of Synopsys by 10.1% in the 2nd quarter. Hemington Wealth Management now owns 197 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 18 shares during the period. Finally, Concord Asset Management LLC VA increased its stake in Synopsys by 0.8% during the 2nd quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock worth $1,220,000 after purchasing an additional 18 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Trading Up 0.7%

Shares of NASDAQ:SNPS opened at $466.76 on Friday. The company’s 50-day moving average price is $437.04 and its two-hundred day moving average price is $505.35. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The stock has a market capitalization of $86.70 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 5.35 and a beta of 1.16.

Synopsys (NASDAQ:SNPS) last released its earnings results on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) 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 company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the firm posted $3.43 EPS. Synopsys’s revenue was up 14.0% compared to the same quarter last year. Synopsys has set its FY 2025 guidance at 12.760-12.800 EPS and its Q4 2025 guidance at 2.760-2.80 EPS. On average, equities analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNPS shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 price target (down previously from $650.00) on shares of Synopsys in a report on Wednesday, September 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $535.00 price objective (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. JPMorgan Chase & Co. lowered their target price on Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Stifel Nicolaus dropped their price target on Synopsys from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Finally, Piper Sandler reduced their price objective on Synopsys from $660.00 to $630.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $555.33.

Insider Buying and Selling

In other news, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This represents a 32.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert G. Painter bought 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, with a total value 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. This represents a 18.03% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.62% of the company’s stock.

Synopsys Company 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.