Yousif Capital Management LLC Has $11.06 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Yousif Capital Management LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 21,483 shares of the semiconductor company’s stock after acquiring an additional 723 shares during the quarter. Yousif Capital Management LLC’s holdings in Synopsys were worth $11,062,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Synopsys during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC bought a new stake in Synopsys in the third quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Synopsys in the third quarter worth approximately $29,000. Catalyst Capital Advisors LLC grew its position in Synopsys by 34.5% in the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 29 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new stake in Synopsys in the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Needham & Company LLC reiterated a “buy” rating and set a $660.00 target price on shares of Synopsys in a research note on Friday, March 22nd. Robert W. Baird upped their target price on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Finally, Piper Sandler assumed coverage on shares of Synopsys in a research note on Thursday, April 4th. They set an “overweight” rating and a $665.00 target price for the company. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $601.00.

Insider Activity

In related news, Director Roy Vallee sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total value of $5,726,600.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $11,453,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Synopsys news, Director Roy Vallee sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total transaction of $5,726,600.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $11,453,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Runkel, Jr. sold 1,219 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total transaction of $711,835.05. Following the sale, the insider now owns 26,780 shares in the company, valued at $15,638,181. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,832 shares of company stock valued at $15,464,992. 0.66% of the stock is currently owned by insiders.

Synopsys Stock Up 0.1 %

NASDAQ:SNPS traded up $0.41 during mid-day trading on Wednesday, reaching $527.91. 1,190,458 shares of the company were exchanged, compared to its average volume of 1,238,973. Synopsys, Inc. has a 12 month low of $360.36 and a 12 month high of $629.38. The company has a fifty day moving average of $565.17 and a 200 day moving average of $535.62. The stock has a market cap of $80.51 billion, a PE ratio of 58.39, a PEG ratio of 3.01 and a beta of 1.06.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.13. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.75 EPS. On average, equities research analysts anticipate that Synopsys, Inc. will post 9.78 EPS for the current fiscal 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.