nVerses Capital LLC Buys Shares of 100 Synopsys, Inc. (NASDAQ:SNPS)

nVerses Capital LLC purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100 shares of the semiconductor company’s stock, valued at approximately $51,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNPS. ORG Partners LLC increased its stake in Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Chris Bulman Inc bought a new position in shares of Synopsys in the 2nd quarter valued at about $30,000. Pacifica Partners Inc. acquired a new stake in shares of Synopsys in the third quarter valued at about $25,000. Tsfg LLC raised its holdings in Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 24 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in Synopsys by 66.7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 24 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the completion of the sale, the chief executive officer now owns 62,568 shares of the company’s stock, valued at $34,655,789.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is owned by insiders.

Synopsys Trading Down 0.3 %

Synopsys stock opened at $505.59 on Tuesday. The company has a market capitalization of $77.66 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 3.47 and a beta of 1.08. Synopsys, Inc. has a 12 month low of $448.91 and a 12 month high of $629.38. The stock’s 50 day moving average is $511.71 and its 200-day moving average is $547.12.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. KeyCorp increased their price target on shares of Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a research note on Thursday, June 27th. Piper Sandler restated an “overweight” rating and set a $687.00 price objective on shares of Synopsys in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, August 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $644.00.

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.