Qsemble Capital Management LP Acquires Shares of 4,512 Synopsys, Inc. (NASDAQ:SNPS)

Qsemble Capital Management LP bought a new position in Synopsys, Inc. (NASDAQ:SNPSFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,512 shares of the semiconductor company’s stock, valued at approximately $2,323,000.

Other institutional investors also recently modified their holdings of the company. Mission Wealth Management LP grew its position in shares of Synopsys by 2.5% during the 4th quarter. Mission Wealth Management LP now owns 780 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 19 shares during the period. Fred Alger Management LLC increased its position in Synopsys by 1.8% in the third quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock worth $528,000 after buying an additional 20 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its position in Synopsys by 2.6% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company’s stock worth $394,000 after buying an additional 22 shares during the last quarter. Mather Group LLC. lifted its position in shares of Synopsys by 0.7% during the 4th quarter. Mather Group LLC. now owns 3,155 shares of the semiconductor company’s stock valued at $1,625,000 after buying an additional 22 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Synopsys by 0.7% during the 3rd quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company’s stock worth $1,547,000 after acquiring an additional 23 shares during the period. 85.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SNPS. StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Piper Sandler assumed coverage on shares of 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 boosted their target price on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $615.00 price target on shares of Synopsys in a report on Thursday, March 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys presently has an average rating of “Buy” and an average price target of $601.00.

Read Our Latest Report on SNPS

Insider Activity at Synopsys

In other news, Director Marc N. Casper acquired 750 shares of Synopsys stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the transaction, the director now owns 1,736 shares of the company’s stock, valued at $1,016,341.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were 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 of the company’s stock, valued at $15,638,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc N. Casper acquired 750 shares of Synopsys stock in a transaction dated Monday, March 25th. The shares were bought at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the completion of the purchase, the director now directly owns 1,736 shares of the company’s stock, valued at approximately $1,016,341.20. The disclosure for this purchase can be found here. Insiders have sold a total of 26,832 shares of company stock valued at $15,464,992 over the last 90 days. 0.66% of the stock is owned by insiders.

Synopsys Price Performance

Shares of NASDAQ:SNPS traded up $6.83 on Friday, hitting $556.71. The company’s stock had a trading volume of 587,939 shares, compared to its average volume of 920,863. The company has a market capitalization of $84.90 billion, a PE ratio of 61.31, a PEG ratio of 3.25 and a beta of 1.07. The company has a 50-day simple moving average of $558.21 and a 200 day simple moving average of $539.80. Synopsys, Inc. has a 1 year low of $365.58 and a 1 year high of $629.38.

Synopsys (NASDAQ:SNPSGet Free Report) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $1.75 earnings per share. Synopsys’s quarterly revenue was up 21.1% on a year-over-year basis. On average, equities research analysts expect that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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