Dimensional Fund Advisors LP Has $180.78 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Dimensional Fund Advisors LP grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 16.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 303,784 shares of the semiconductor company’s stock after acquiring an additional 43,785 shares during the quarter. Dimensional Fund Advisors LP owned 0.20% of Synopsys worth $180,779,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. ORG Partners LLC increased its position in shares of Synopsys by 600.0% during the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Chris Bulman Inc bought a new stake in shares of Synopsys during the second quarter valued at approximately $30,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its position in shares of Synopsys by 233.3% during the fourth quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 42 shares during the period. Finally, Fortitude Family Office LLC increased its position in shares of 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 period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Synopsys stock opened at $514.12 on Friday. The firm has a market cap of $78.97 billion, a P/E ratio of 55.88, a P/E/G ratio of 3.29 and a beta of 1.08. The business’s fifty day moving average is $528.10 and its two-hundred day moving average is $557.32. Synopsys, Inc. has a 52 week low of $440.62 and a 52 week high of $629.38.

Synopsys (NASDAQ:SNPS) last announced 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. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $2.17 EPS. On average, equities research analysts predict that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. KeyCorp upped their price target on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. Needham & Company LLC reiterated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Thursday, August 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Friday, August 23rd. Robert W. Baird upped their price target on Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research 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 research report on Thursday, August 22nd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Synopsys presently has a consensus rating of “Buy” and a consensus target price of $630.09.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $553.89, for a total value of $5,701,189.77. Following the transaction, the chief executive officer now directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Geus Aart De sold 5,448 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $620.95, for a total value of $3,382,935.60. Following the transaction, the insider now owns 106,983 shares of the company’s stock, valued at approximately $66,431,093.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,687 shares of company stock worth $44,616,637. Insiders own 0.66% of the company’s stock.

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.