B.O.S.S. Retirement Advisors LLC Sells 92 Shares of Synopsys, Inc. $SNPS

B.O.S.S. Retirement Advisors LLC lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,343 shares of the semiconductor company’s stock after selling 92 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Synopsys were worth $689,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SNPS. Cornerstone Planning Group LLC raised its holdings in shares of Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. Saudi Central Bank acquired a new position in Synopsys during the first quarter worth $26,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 53 shares in the last quarter. Independence Bank of Kentucky raised its holdings in Synopsys by 120.0% during the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Synopsys in the first quarter worth about $34,000. 85.47% of the stock is owned by institutional investors.

Insider Activity at Synopsys

In other news, Director Robert G. Painter acquired 350 shares of Synopsys stock in a transaction on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the transaction, the director owned 2,291 shares of the company’s stock, valued at $974,683.04. The trade was a 18.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys 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 sale, the chief executive officer directly owned 71,615 shares in the company, valued at $42,181,951.15. The trade was a 13.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,894 shares of company stock worth $16,760,783 in the last three months. Corporate insiders own 0.62% of the company’s stock.

Synopsys Price Performance

NASDAQ:SNPS opened at $488.78 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The company has a fifty day moving average price of $564.57 and a 200 day moving average price of $509.13. The stock has a market cap of $90.79 billion, a P/E ratio of 38.37, a PEG ratio of 5.44 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNPS shares. Piper Sandler cut their price objective on Synopsys from $660.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 10th. Needham & Company LLC dropped their price target on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. KeyCorp decreased their price objective on shares of Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a report on Wednesday, September 10th. Baird R W lowered shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 10th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $605.00 target price (down previously from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $585.33.

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.