Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Altshuler Shaham Ltd

Altshuler Shaham Ltd boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 157.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126 shares of the semiconductor company’s stock after acquiring an additional 77 shares during the quarter. Altshuler Shaham Ltd’s holdings in Synopsys were worth $65,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNPS. Mission Wealth Management LP grew its stake in Synopsys by 2.5% during the 4th quarter. Mission Wealth Management LP now owns 780 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 19 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of Synopsys by 1.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock valued at $528,000 after purchasing an additional 20 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of Synopsys by 2.6% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 22 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Synopsys by 0.7% in the 4th quarter. Mather Group LLC. now owns 3,155 shares of the semiconductor company’s stock valued at $1,625,000 after purchasing an additional 22 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of Synopsys by 0.7% in the 3rd quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company’s stock valued at $1,547,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Trading Down 0.1 %

Shares of Synopsys stock traded down $0.61 during trading hours on Thursday, reaching $549.88. 410,083 shares of the company’s stock were exchanged, compared to its average volume of 1,185,437. Synopsys, Inc. has a 52-week low of $365.46 and a 52-week high of $629.38. The firm has a market capitalization of $83.86 billion, a price-to-earnings ratio of 60.56, a price-to-earnings-growth ratio of 3.14 and a beta of 1.07. The company has a fifty day moving average of $558.90 and a 200-day moving average of $539.18.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.13. The business 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%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. On average, equities research analysts anticipate that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.

Insider Activity at Synopsys

In related news, insider John F. Runkel, Jr. sold 1,219 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 26,780 shares in the company, valued at approximately $15,638,181. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider John F. Runkel, Jr. sold 1,219 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $583.95, for a total transaction of $711,835.05. Following the completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 10,294 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $577.51, for a total value of $5,944,887.94. Following the sale, the chief executive officer now owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The disclosure for this sale can be found here. In the last three months, insiders sold 26,832 shares of company stock worth $15,464,992. Corporate insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

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

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.