Capital World Investors Acquires 114,893 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Capital World Investors increased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,280,182 shares of the semiconductor company’s stock after buying an additional 114,893 shares during the period. Capital World Investors’ holdings in Synopsys were worth $3,533,526,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Capital Management LLC grew its stake in shares of Synopsys by 2.3% during the 4th quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company’s stock worth $408,000 after acquiring an additional 19 shares during the period. Caprock Group LLC lifted its stake in shares of Synopsys by 0.5% during the 4th quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock valued at $1,803,000 after buying an additional 20 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in Synopsys by 1.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock valued at $898,000 after buying an additional 20 shares in the last quarter. Edge Capital Group LLC raised its holdings in Synopsys by 1.2% during the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company’s stock valued at $791,000 after acquiring an additional 20 shares during the period. Finally, Barden Capital Management Inc. boosted its holdings in shares of Synopsys by 1.1% in the fourth quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company’s stock worth $889,000 after acquiring an additional 20 shares during the period. Institutional investors own 85.47% of the company’s stock.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Synopsys Trading Down 0.6 %

NASDAQ SNPS opened at $413.32 on Friday. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $624.80. The stock has a market cap of $63.91 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.23 and a beta of 1.23. The company’s 50 day moving average is $446.35 and its two-hundred day moving average is $495.11.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNPS. Piper Sandler lowered their target price on shares of Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Mizuho lowered their price objective on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Finally, KeyCorp dropped their price target on Synopsys from $690.00 to $555.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and an average target price of $618.31.

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.