Synopsys, Inc. $SNPS Shares Sold by Impact Investors Inc

Impact Investors Inc reduced its position in Synopsys, Inc. (NASDAQ:SNPS) by 20.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 648 shares of the semiconductor company’s stock after selling 165 shares during the quarter. Impact Investors Inc’s holdings in Synopsys were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Stock Yards Bank & Trust Co. raised its position in Synopsys by 1.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 2,254 shares of the semiconductor company’s stock worth $1,156,000 after acquiring an additional 28 shares during the period. Ascent Group LLC raised its position in Synopsys by 9.2% during the second quarter. Ascent Group LLC now owns 1,678 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 142 shares during the period. Whelan Financial raised its position in Synopsys by 4.1% during the second quarter. Whelan Financial now owns 534 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 21 shares during the period. Ameritas Advisory Services LLC acquired a new position in Synopsys during the second quarter worth $152,000. Finally, Hilltop National Bank acquired a new position in Synopsys during the second quarter worth $161,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 0.4%

Shares of SNPS opened at $469.17 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The firm has a 50-day moving average price of $559.15 and a 200 day moving average price of $509.40. The firm has a market capitalization of $87.15 billion, a P/E ratio of 36.83, a P/E/G ratio of 5.19 and a beta of 1.10.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Rosenblatt Securities reiterated a “neutral” rating and issued a $605.00 target price (down from $650.00) on shares of Synopsys in a research report on Wednesday, September 10th. The Goldman Sachs Group reduced their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Baird R W cut shares of Synopsys from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 10th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $535.00 target price (down from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $575.31.

Insider Activity at Synopsys

In related news, Director Robert G. Painter bought 350 shares of the stock in a transaction on Thursday, September 11th. The stock was bought at an average price of $425.44 per share, with a total value of $148,904.00. Following the completion of the purchase, the director directly owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the transaction, the chief accounting officer directly owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. This trade represents a 32.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by corporate insiders.

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.