ROI Financial Advisors LLC Buys 152 Shares of Synopsys, Inc. (NASDAQ:SNPS)

ROI Financial Advisors LLC grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 23.3% in the fourth quarter, Holdings Channel reports. The fund owned 804 shares of the semiconductor company’s stock after acquiring an additional 152 shares during the quarter. ROI Financial Advisors LLC’s holdings in Synopsys were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Rosenblum Silverman Sutton S F Inc. CA boosted its stake in shares of Synopsys by 1.8% during the fourth quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 13,389 shares of the semiconductor company’s stock valued at $6,498,000 after purchasing an additional 243 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Synopsys by 50.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 33 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in Synopsys by 521.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 81,111 shares of the semiconductor company’s stock worth $39,368,000 after buying an additional 68,067 shares during the period. Grant Private Wealth Management Inc bought a new stake in Synopsys during the 4th quarter worth approximately $224,000. Finally, Motley Fool Asset Management LLC increased its position in Synopsys by 14.0% in the 4th quarter. Motley Fool Asset Management LLC now owns 8,207 shares of the semiconductor company’s stock valued at $3,983,000 after acquiring an additional 1,007 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Trading Down 7.1 %

SNPS opened at $388.13 on Friday. The company has a fifty day moving average price of $473.83 and a two-hundred day moving average price of $503.08. Synopsys, Inc. has a 1-year low of $387.41 and a 1-year high of $624.80. The company has a market cap of $60.01 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNPS. Rosenblatt Securities reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. Morgan Stanley reduced their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Piper Sandler lowered their price objective on 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 reduced 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. Finally, Redburn Atlantic initiated coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus price target of $638.58.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares of the company’s stock, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock valued at $22,794,835 in the last three months. Corporate insiders own 0.62% of the company’s stock.

About Synopsys

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.