Rep. Jefferson Shreve Sells Synopsys, Inc. (NASDAQ:SNPS) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Synopsys, Inc. NASDAQ: SNPS. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Synopsys stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Synopsys Trading Down 0.6 %

NASDAQ:SNPS traded down $2.33 during midday trading on Friday, reaching $413.32. The company had a trading volume of 1,002,399 shares, compared to its average volume of 1,091,650. The stock's fifty day simple moving average is $446.35 and its 200-day simple moving average is $495.11. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80. The firm has a market capitalization of $63.91 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.23 and a beta of 1.23.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNPS. Bank of America cut their target price on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday. Piper Sandler decreased their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Morgan Stanley decreased their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Mizuho dropped their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Synopsys currently has a consensus rating of "Moderate Buy" and an average target price of $618.31.

Institutional Trading of Synopsys

Institutional investors and hedge funds have recently bought and sold shares of the business. M&T Bank Corp boosted its stake in shares of Synopsys by 48.4% during the third quarter. M&T Bank Corp now owns 10,763 shares of the semiconductor company's stock worth $5,450,000 after buying an additional 3,509 shares during the period. Coldstream Capital Management Inc. lifted its position in Synopsys by 19.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,997 shares of the semiconductor company's stock worth $1,530,000 after acquiring an additional 496 shares during the period. Toronto Dominion Bank grew its stake in shares of Synopsys by 0.3% in the 3rd quarter. Toronto Dominion Bank now owns 83,993 shares of the semiconductor company's stock valued at $42,533,000 after purchasing an additional 224 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Synopsys by 51.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 31,210 shares of the semiconductor company's stock valued at $15,805,000 after purchasing an additional 10,649 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in shares of Synopsys by 44.8% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 727 shares of the semiconductor company's stock valued at $368,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insider Transactions at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.