Stephens Inc. AR Lowers Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Stephens Inc. AR cut its holdings in Synopsys, Inc. (NASDAQ:SNPSGet Rating) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 813 shares of the semiconductor company’s stock after selling 41 shares during the period. Stephens Inc. AR’s holdings in Synopsys were worth $248,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in Synopsys by 64.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 84 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. MV Capital Management Inc. increased its stake in Synopsys by 128.2% in the 2nd quarter. MV Capital Management Inc. now owns 89 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Synopsys in the 2nd quarter worth approximately $42,000. Larson Financial Group LLC bought a new stake in Synopsys in the 2nd quarter worth approximately $44,000. Finally, SouthState Corp bought a new stake in Synopsys in the 2nd quarter worth approximately $50,000. 84.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synopsys news, COO Sassine Ghazi sold 29,136 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $319.46, for a total value of $9,307,786.56. Following the completion of the sale, the chief operating officer now directly owns 52,609 shares in the company, valued at approximately $16,806,471.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SNPS shares. Deutsche Bank Aktiengesellschaft started coverage on Synopsys in a research report on Wednesday, September 28th. They set a “buy” rating and a $420.00 target price on the stock. StockNews.com started coverage on Synopsys in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Wells Fargo & Company cut their target price on Synopsys from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Atlantic Securities started coverage on Synopsys in a research report on Tuesday, January 17th. They set an “overweight” rating on the stock. Finally, KeyCorp boosted their target price on Synopsys from $455.00 to $467.00 and gave the company an “overweight” rating in a research report on Thursday, December 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $420.55.

Synopsys Stock Down 0.3 %

SNPS opened at $349.28 on Wednesday. The business has a fifty day moving average of $329.47 and a 200 day moving average of $327.12. Synopsys, Inc. has a 52-week low of $255.02 and a 52-week high of $391.17. The stock has a market cap of $53.24 billion, a P/E ratio of 55.44, a PEG ratio of 2.84 and a beta of 1.20.

Synopsys (NASDAQ:SNPSGet Rating) last issued its earnings results on Wednesday, November 30th. The semiconductor company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.12). Synopsys had a return on equity of 17.24% and a net margin of 19.38%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts anticipate that Synopsys, Inc. will post 7.81 EPS for the current fiscal year.

About Synopsys

(Get Rating)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. 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.

See Also

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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