Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by &Partners

&Partners lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 62.0% during the second quarter, Holdings Channel reports. The fund owned 1,238 shares of the semiconductor company’s stock after purchasing an additional 474 shares during the quarter. &Partners’ holdings in Synopsys were worth $737,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. GYL Financial Synergies LLC boosted its stake in shares of Synopsys by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 2,773 shares of the semiconductor company’s stock valued at $1,650,000 after acquiring an additional 132 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Synopsys by 23.0% during the second quarter. Moss Adams Wealth Advisors LLC now owns 449 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 84 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in shares of Synopsys by 20.1% during the second quarter. MeadowBrook Investment Advisors LLC now owns 753 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 126 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Synopsys during the second quarter valued at $802,000. Finally, Prossimo Advisors LLC acquired a new stake in shares of Synopsys during the second quarter valued at $946,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research note on Thursday. KeyCorp lifted their price target on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird lifted their price target on Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Friday. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $630.09.

Synopsys Stock Performance

Shares of NASDAQ:SNPS traded down $2.03 during trading on Friday, reaching $546.03. 317,376 shares of the stock were exchanged, compared to its average volume of 1,060,422. The firm’s 50-day moving average price is $571.88 and its 200 day moving average price is $566.53. The firm has a market cap of $83.66 billion, a price-to-earnings ratio of 59.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.07. Synopsys, Inc. has a 12-month low of $434.14 and a 12-month high of $629.38.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a return on equity of 22.66% and a net margin of 23.05%. Synopsys’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 EPS. As a group, equities research analysts forecast that Synopsys, Inc. will post 9.55 EPS for the current year.

Insider Buying and Selling

In related news, insider Geus Aart De sold 493 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $620.60, for a total transaction of $305,955.80. Following the transaction, the insider now directly owns 106,983 shares of the company’s stock, valued at approximately $66,393,649.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Synopsys news, insider John F. Runkel, Jr. sold 936 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $11,339,400. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Geus Aart De sold 493 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $620.60, for a total value of $305,955.80. Following the completion of the transaction, the insider now directly owns 106,983 shares in the company, valued at $66,393,649.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,830 shares of company stock valued at $42,643,721. 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.