Fiera Capital Corp Sells 576 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Fiera Capital Corp decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,738 shares of the semiconductor company’s stock after selling 576 shares during the period. Fiera Capital Corp owned approximately 0.10% of Synopsys worth $74,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SNPS. ABLE Financial Group LLC grew its stake in Synopsys by 16.6% in the third quarter. ABLE Financial Group LLC now owns 2,657 shares of the semiconductor company’s stock worth $1,345,000 after purchasing an additional 378 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of Synopsys by 1.3% during the 3rd quarter. Stiles Financial Services Inc now owns 3,737 shares of the semiconductor company’s stock valued at $1,892,000 after buying an additional 49 shares in the last quarter. Bensler LLC grew its position in shares of Synopsys by 10.9% in the 3rd quarter. Bensler LLC now owns 9,723 shares of the semiconductor company’s stock worth $4,924,000 after buying an additional 958 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of Synopsys by 4.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 17,176 shares of the semiconductor company’s stock worth $8,698,000 after acquiring an additional 725 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Synopsys by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 247,966 shares of the semiconductor company’s stock worth $125,568,000 after acquiring an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total transaction of $5,701,189.77. Following the completion of the sale, the chief executive officer now directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNPS. Berenberg Bank started coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Mizuho began coverage on Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. Robert W. Baird boosted their target price on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Friday, August 23rd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Synopsys has a consensus rating of “Buy” and a consensus target price of $643.00.

Synopsys Price Performance

Shares of Synopsys stock traded down $9.84 during trading on Friday, hitting $563.75. 255,830 shares of the company’s stock traded hands, compared to its average volume of 1,064,358. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The business has a 50-day simple moving average of $505.80 and a 200-day simple moving average of $544.28. The stock has a market capitalization of $86.60 billion, a P/E ratio of 58.64, a PEG ratio of 3.37 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.15. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $2.17 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts predict that Synopsys, Inc. will post 9.45 earnings per share for the current fiscal year.

Synopsys Company 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.