Motley Fool Asset Management LLC Has $3.69 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Motley Fool Asset Management LLC boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,601 shares of the semiconductor company’s stock after buying an additional 394 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Synopsys were worth $3,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisors Capital Management LLC boosted its holdings in shares of Synopsys by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 19 shares in the last quarter. Peninsula Wealth LLC boosted its holdings in shares of Synopsys by 0.5% in the 4th quarter. Peninsula Wealth LLC now owns 4,224 shares of the semiconductor company’s stock valued at $2,050,000 after purchasing an additional 20 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its holdings in shares of Synopsys by 0.5% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 4,650 shares of the semiconductor company’s stock valued at $2,257,000 after purchasing an additional 22 shares in the last quarter. Hardy Reed LLC boosted its holdings in shares of Synopsys by 0.7% in the 1st quarter. Hardy Reed LLC now owns 3,290 shares of the semiconductor company’s stock valued at $1,411,000 after purchasing an additional 22 shares in the last quarter. Finally, Resurgent Financial Advisors LLC boosted its holdings in shares of Synopsys by 2.7% in the 1st quarter. Resurgent Financial Advisors LLC now owns 832 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 22 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Insider Activity at Synopsys

In related news, CRO Richard S. Mahoney sold 9,010 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total value of $4,245,602.10. Following the completion of the sale, the executive directly owned 1,485 shares of the company’s stock, valued at $699,746.85. The trade was a 85.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $457.93, for a total value of $5,204,832.38. Following the completion of the sale, the chief executive officer directly owned 71,589 shares of the company’s stock, valued at $32,782,750.77. The trade was a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,686 shares of company stock valued at $13,001,048 in the last three months. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $660.00 target price (up previously from $650.00) on shares of Synopsys in a report on Tuesday, July 15th. Bank of America raised their price objective on Synopsys from $575.00 to $625.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. KeyCorp raised their price objective on Synopsys from $540.00 to $610.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Piper Sandler raised their price objective on Synopsys from $615.00 to $660.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Mizuho cut their price objective on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $622.33.

Synopsys Stock Performance

SNPS stock opened at $619.42 on Monday. The stock has a 50-day moving average price of $544.48 and a 200-day moving average price of $494.35. 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 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01. The firm has a market cap of $96.11 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 4.10 and a beta of 1.15.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company posted $3.00 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

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.