Graybill Wealth Management LTD. Sells 234 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Graybill Wealth Management LTD. lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,021 shares of the semiconductor company’s stock after selling 234 shares during the quarter. Synopsys makes up about 3.4% of Graybill Wealth Management LTD.’s portfolio, making the stock its 5th biggest holding. Graybill Wealth Management LTD.’s holdings in Synopsys were worth $8,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Synopsys during the 4th quarter worth $1,272,143,000. Global Assets Advisory LLC purchased a new stake in Synopsys in the 1st quarter valued at about $282,876,000. Ameriprise Financial Inc. raised its holdings in Synopsys by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock valued at $925,744,000 after buying an additional 344,430 shares during the period. Wellington Management Group LLP raised its holdings in Synopsys by 228.8% in the 3rd quarter. Wellington Management Group LLP now owns 386,773 shares of the semiconductor company’s stock valued at $177,517,000 after buying an additional 269,130 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Synopsys by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,551,092 shares of the semiconductor company’s stock valued at $6,977,593,000 after buying an additional 203,601 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 10,294 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $582.41, for a total transaction of $5,995,328.54. Following the sale, the chief executive officer now owns 62,568 shares of the company’s stock, valued at $36,440,228.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Geus Aart De sold 4,212 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $600.05, for a total transaction of $2,527,410.60. Following the transaction, the insider now directly owns 106,983 shares in the company, valued at $64,195,149.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sassine Ghazi sold 10,294 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $582.41, for a total value of $5,995,328.54. Following the sale, the chief executive officer now owns 62,568 shares in the company, valued at $36,440,228.88. The disclosure for this sale can be found here. Insiders have sold a total of 27,500 shares of company stock valued at $16,054,895 over the last quarter. Insiders own 0.66% of the company’s stock.

Synopsys Trading Down 0.3 %

Shares of Synopsys stock traded down $2.07 during trading hours on Thursday, hitting $596.45. 281,438 shares of the company were exchanged, compared to its average volume of 1,098,862. The business has a 50-day moving average of $565.29 and a 200-day moving average of $555.62. The stock has a market capitalization of $91.39 billion, a price-to-earnings ratio of 65.06, a P/E/G ratio of 3.87 and a beta of 1.08. Synopsys, Inc. has a 1 year low of $418.51 and a 1 year high of $629.38.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing the consensus estimate of $3.03 by ($0.03). The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.50 billion. Synopsys had a net margin of 23.05% and a return on equity of 22.66%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. As a group, research analysts anticipate that Synopsys, Inc. will post 9.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNPS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Synopsys from $650.00 to $655.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Rosenblatt Securities reissued a “buy” rating and set a $615.00 price objective on shares of Synopsys in a research report on Thursday, May 23rd. KeyCorp upped their price target on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird upped their price target on Synopsys from $640.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys presently has an average rating of “Buy” and a consensus price target of $624.36.

About Synopsys

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.