Temasek Holdings Private Ltd Sells 56,352 Shares of Synopsys, Inc. $SNPS

Temasek Holdings Private Ltd trimmed its stake in Synopsys, Inc. (NASDAQ:SNPS) by 83.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,562 shares of the semiconductor company’s stock after selling 56,352 shares during the period. Temasek Holdings Private Ltd’s holdings in Synopsys were worth $4,958,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. North Star Asset Management Inc. grew its position in Synopsys by 3.6% in the first quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock valued at $25,847,000 after acquiring an additional 2,082 shares during the period. SlateStone Wealth LLC grew its holdings in shares of Synopsys by 467.8% during the first quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock worth $4,383,000 after purchasing an additional 8,420 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Synopsys during the first quarter worth $1,000,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Synopsys by 3.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company’s stock worth $8,651,000 after purchasing an additional 655 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Synopsys during the first quarter valued at $3,116,000. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Down 0.6%

NASDAQ:SNPS opened at $598.14 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 6.85 and a current ratio of 7.02. The company has a market cap of $92.81 billion, a PE ratio of 43.19, a PEG ratio of 3.93 and a beta of 1.14. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73. The stock has a 50-day simple moving average of $594.11 and a 200 day simple moving average of $506.12.

Wall Street Analyst Weigh In

SNPS has been the topic of several research reports. Rosenblatt Securities upped their price target on Synopsys from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 25th. The Goldman Sachs Group initiated coverage on Synopsys in a research report on Thursday, July 10th. They issued a “buy” rating and a $620.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $715.00 price objective (up from $540.00) on shares of Synopsys in a research report on Monday, August 11th. Piper Sandler boosted their price objective on Synopsys from $615.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Bank of America boosted their price objective on Synopsys from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Synopsys has a consensus rating of “Moderate Buy” and an average price target of $638.21.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $471.21, for a total value of $4,245,602.10. Following the completion of the transaction, the executive owned 1,485 shares of the company’s stock, valued at approximately $699,746.85. This represents a 85.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Synopsys 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.