NorthRock Partners LLC Buys 120 Shares of Synopsys, Inc. (NASDAQ:SNPS)

NorthRock Partners LLC boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPSFree Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 884 shares of the semiconductor company’s stock after acquiring an additional 120 shares during the period. NorthRock Partners LLC’s holdings in Synopsys were worth $455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Synopsys in the third quarter valued at about $26,000. Venturi Wealth Management LLC bought a new position in shares of Synopsys in the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Synopsys during the third quarter worth approximately $29,000. Catalyst Capital Advisors LLC grew its stake in shares of Synopsys by 34.5% during the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 29 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $56,000. Institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In related news, CEO Sassine Ghazi sold 10,294 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the completion of the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at $35,726,501.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John F. Runkel, Jr. sold 1,219 shares of the business’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 sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The disclosure for this sale can be found here. Insiders have sold 26,832 shares of company stock valued at $15,464,992 in the last 90 days. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Down 0.4 %

Shares of SNPS traded down $2.54 during trading hours on Friday, reaching $566.73. The stock had a trading volume of 561,003 shares, compared to its average volume of 836,956. The company has a market cap of $86.43 billion, a P/E ratio of 62.42, a P/E/G ratio of 3.33 and a beta of 1.07. Synopsys, Inc. has a 52 week low of $386.50 and a 52 week high of $629.38. The firm has a 50-day moving average of $557.07 and a 200 day moving average of $543.54.

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

Analyst Ratings Changes

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

Read Our Latest Analysis on SNPS

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.

Further Reading

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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