Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPSFree Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,799 shares of the semiconductor company’s stock after acquiring an additional 207 shares during the quarter. Signaturefd LLC’s holdings in Synopsys were worth $1,956,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its stake in shares of Synopsys by 6.1% in the fourth quarter. Verdence Capital Advisors LLC now owns 519 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 30 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Synopsys by 15.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,264 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 169 shares during the last quarter. abrdn plc raised its stake in shares of Synopsys by 56.9% in the fourth quarter. abrdn plc now owns 84,369 shares of the semiconductor company’s stock worth $43,442,000 after purchasing an additional 30,581 shares during the last quarter. CNB Bank raised its stake in shares of Synopsys by 6.2% in the fourth quarter. CNB Bank now owns 2,013 shares of the semiconductor company’s stock worth $1,037,000 after purchasing an additional 118 shares during the last quarter. Finally, Geneva Partners LLC raised its stake in shares of Synopsys by 64.5% in the fourth quarter. Geneva Partners LLC now owns 1,550 shares of the semiconductor company’s stock worth $798,000 after purchasing an additional 608 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler assumed coverage on Synopsys in a research note on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price objective for the company. Robert W. Baird lifted their price target on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $615.00 price target on shares of Synopsys in a research report on Thursday, March 21st. Needham & Company LLC reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $601.00.

Read Our Latest Stock Report on Synopsys

Synopsys Trading Down 1.7 %

SNPS traded down $9.00 during trading on Friday, hitting $510.71. The company’s stock had a trading volume of 1,192,553 shares, compared to its average volume of 880,871. Synopsys, Inc. has a twelve month low of $360.36 and a twelve month high of $629.38. The business’s fifty day simple moving average is $566.66 and its 200 day simple moving average is $534.33. The firm has a market capitalization of $77.88 billion, a price-to-earnings ratio of 56.25, a P/E/G ratio of 2.98 and a beta of 1.06.

Synopsys (NASDAQ:SNPSGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.43 by $0.13. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. Synopsys’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. As a group, equities research analysts forecast that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.

Insider Transactions at Synopsys

In other news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the sale, the insider now directly owns 26,780 shares of the company’s stock, valued at $15,638,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the sale, the insider now directly owns 26,780 shares of the company’s stock, valued at $15,638,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at approximately $35,726,501.13. The disclosure for this sale can be found here. Insiders have sold 26,832 shares of company stock valued at $15,464,992 over the last ninety days. Insiders own 0.66% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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