Mn Services Vermogensbeheer B.V. Sells 600 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,900 shares of the semiconductor company’s stock after selling 600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Synopsys were worth $36,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SNPS. ORG Partners LLC lifted its position in Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new position in Synopsys in the 1st quarter valued at $26,000. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Synopsys in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp grew its position in shares of Synopsys by 233.3% during the 4th quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in Synopsys by 66.7% during the 2nd quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SNPS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Friday. Needham & Company LLC reissued a “buy” rating and set a $640.00 price objective on shares of Synopsys in a report on Thursday. Robert W. Baird upped their target price on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $687.00 target price on shares of Synopsys in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Synopsys presently has a consensus rating of “Buy” and a consensus target price of $630.09.

Synopsys Stock Performance

Shares of Synopsys stock traded down $8.67 during trading hours on Friday, reaching $539.39. The company’s stock had a trading volume of 1,053,743 shares, compared to its average volume of 1,065,036. The company has a market capitalization of $82.64 billion, a P/E ratio of 58.63, a P/E/G ratio of 3.58 and a beta of 1.07. The stock’s fifty day simple moving average is $570.87 and its two-hundred day simple moving average is $566.56. Synopsys, Inc. has a one year low of $434.14 and a one year high of $629.38.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.28 by $0.15. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Synopsys had a return on equity of 22.66% and a net margin of 23.05%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.17 earnings per share. As a group, research analysts forecast that Synopsys, Inc. will post 9.55 earnings per share for the current year.

Insider Activity

In other Synopsys news, insider Geus Aart De sold 5,448 shares of the company’s 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 completion of the transaction, the insider now owns 106,983 shares in the company, valued at approximately $66,431,093.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Synopsys news, insider John F. Runkel, Jr. sold 936 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $566.97, for a total value of $530,683.92. Following the completion of the sale, the insider now directly owns 20,000 shares of the company’s stock, valued at $11,339,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geus Aart De sold 5,448 shares of Synopsys stock in a transaction dated 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 completion of the sale, the insider now directly owns 106,983 shares of the company’s stock, valued at approximately $66,431,093.85. The disclosure for this sale can be found here. Insiders sold a total of 69,830 shares of company stock valued at $42,643,721 over the last three months. Corporate insiders own 0.66% of the company’s stock.

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.