Synopsys, Inc. $SNPS Stock Position Increased by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,365 shares of the semiconductor company’s stock after buying an additional 152 shares during the period. Capital Asset Advisory Services LLC’s holdings in Synopsys were worth $1,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNPS. GAMMA Investing LLC raised its stake in shares of Synopsys by 54,286.0% in the 1st quarter. GAMMA Investing LLC now owns 1,196,492 shares of the semiconductor company’s stock worth $513,116,000 after buying an additional 1,194,292 shares in the last quarter. Nuveen LLC bought a new stake in shares of Synopsys in the 1st quarter worth $341,480,000. Pictet Asset Management Holding SA raised its stake in shares of Synopsys by 38.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company’s stock worth $1,043,518,000 after buying an additional 673,837 shares in the last quarter. Generation Investment Management LLP bought a new stake in shares of Synopsys in the 1st quarter worth $240,491,000. Finally, Vanguard Group Inc. raised its stake in shares of Synopsys by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company’s stock worth $6,359,747,000 after buying an additional 346,994 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Activity

In other news, CRO Richard S. Mahoney sold 9,010 shares of Synopsys stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the transaction, the executive owned 1,485 shares in the company, valued at approximately $699,746.85. The trade was a 85.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the transaction, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,031 shares of company stock worth $13,168,999. 0.62% of the stock is owned by corporate insiders.

Synopsys Stock Performance

Shares of SNPS stock opened at $425.45 on Friday. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a current ratio of 1.62, a quick ratio of 6.85 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $79.03 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 3.32 and a beta of 1.14. The stock’s fifty day simple moving average is $590.39 and its 200-day simple moving average is $506.79.

Analysts Set New Price Targets

SNPS has been the topic of a number of recent analyst reports. Wall Street Zen lowered Synopsys from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. cut their target price on Synopsys from $685.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group cut their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp cut their target price on Synopsys from $660.00 to $590.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC cut their target price on Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $585.33.

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.