Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPSGet Rating) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,131 shares of the semiconductor company’s stock after buying an additional 151 shares during the period. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $1,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Synopsys during the 4th quarter worth $1,238,000. Janney Montgomery Scott LLC boosted its position in Synopsys by 142.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,654 shares of the semiconductor company’s stock valued at $3,926,000 after buying an additional 6,260 shares during the last quarter. State of Michigan Retirement System boosted its position in Synopsys by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 38,423 shares of the semiconductor company’s stock valued at $14,159,000 after buying an additional 100 shares during the last quarter. Stevens Capital Management LP purchased a new position in Synopsys in the 4th quarter valued at about $208,000. Finally, PGGM Investments boosted its position in Synopsys by 3.0% in the 4th quarter. PGGM Investments now owns 43,562 shares of the semiconductor company’s stock valued at $16,053,000 after buying an additional 1,271 shares during the last quarter. 84.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synopsys

In other Synopsys news, CFO Trac Pham sold 49,072 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $305.00, for a total value of $14,966,960.00. Following the sale, the chief financial officer now directly owns 58,204 shares in the company, valued at $17,752,220. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Sassine Ghazi sold 4,651 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $300.67, for a total value of $1,398,416.17. Following the completion of the transaction, the chief operating officer now owns 45,173 shares of the company’s stock, valued at $13,582,165.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Trac Pham sold 49,072 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $305.00, for a total transaction of $14,966,960.00. Following the completion of the transaction, the chief financial officer now directly owns 58,204 shares of the company’s stock, valued at approximately $17,752,220. The disclosure for this sale can be found here. Insiders have sold 129,285 shares of company stock worth $39,219,908 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SNPS. Needham & Company LLC increased their price target on shares of Synopsys from $370.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, May 19th. Atlantic Securities reduced their price target on shares of Synopsys to $350.00 and set a “na” rating on the stock in a research report on Thursday, May 19th. StockNews.com cut shares of Synopsys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 3rd. UBS Group reduced their price target on shares of Synopsys to $360.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. Finally, Bank of America upgraded shares of Synopsys from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $325.00 to $360.00 in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average price target of $381.70.

Synopsys Price Performance

Synopsys stock opened at $353.54 on Thursday. The firm has a market cap of $54.08 billion, a price-to-earnings ratio of 54.98, a P/E/G ratio of 2.74 and a beta of 1.17. Synopsys, Inc. has a fifty-two week low of $255.02 and a fifty-two week high of $377.60. The firm has a fifty day moving average price of $313.08 and a two-hundred day moving average price of $307.22.

Synopsys (NASDAQ:SNPSGet Rating) last posted its earnings results on Wednesday, May 18th. The semiconductor company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Synopsys had a net margin of 21.19% and a return on equity of 18.23%. During the same quarter in the previous year, the firm posted $1.24 earnings per share. As a group, sell-side analysts expect that Synopsys, Inc. will post 6.29 earnings per share for the current year.

About Synopsys

(Get Rating)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides 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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