Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,443 shares of the semiconductor company’s stock after purchasing an additional 1,451 shares during the period. Blair William & Co. IL’s holdings in Synopsys were worth $25,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Synopsys by 16.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,463 shares of the semiconductor company’s stock worth $10,291,000 after acquiring an additional 2,480 shares during the last quarter. Tredje AP fonden grew its stake in Synopsys by 12.9% during the 2nd quarter. Tredje AP fonden now owns 104,854 shares of the semiconductor company’s stock valued at $62,394,000 after purchasing an additional 12,000 shares in the last quarter. Argent Trust Co increased its holdings in Synopsys by 12.1% during the 2nd quarter. Argent Trust Co now owns 464 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 50 shares during the last quarter. E Fund Management Co. Ltd. raised its position in shares of Synopsys by 13.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,197 shares of the semiconductor company’s stock valued at $1,902,000 after purchasing an additional 381 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in shares of Synopsys by 13.4% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 12,090 shares of the semiconductor company’s stock valued at $7,194,000 after buying an additional 1,430 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 8,158 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $602.59, for a total transaction of $4,915,929.22. Following the completion of the transaction, the insider now directly owns 106,983 shares in the company, valued at $64,466,885.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $553.89, for a total transaction of $5,701,189.77. Following the transaction, the chief executive officer now owns 62,568 shares of the company’s stock, valued at approximately $34,655,789.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Geus Aart De sold 8,158 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $602.59, for a total transaction of $4,915,929.22. Following the completion of the sale, the insider now directly owns 106,983 shares of the company’s stock, valued at $64,466,885.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,687 shares of company stock worth $44,616,637. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SNPS. Robert W. Baird upped their price target on shares of Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a report on Friday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, August 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $687.00 price target on shares of Synopsys in a report on Thursday, August 22nd. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Synopsys has an average rating of “Buy” and an average target price of $630.09.

Synopsys Price Performance

Shares of SNPS opened at $495.95 on Thursday. Synopsys, Inc. has a 12 month low of $440.62 and a 12 month high of $629.38. The stock has a fifty day moving average price of $530.00 and a 200 day moving average price of $557.62. The company has a market cap of $75.99 billion, a P/E ratio of 53.91, a PEG ratio of 3.23 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.28 by $0.15. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 earnings per share. As a group, research analysts anticipate that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Synopsys Profile

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.