Willner & Heller LLC Makes New Investment in Synopsys, Inc. $SNPS

Willner & Heller LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 536 shares of the semiconductor company’s stock, valued at approximately $275,000.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position 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 during the last quarter. Saudi Central Bank bought a new position in shares of Synopsys during the 1st quarter valued at about $26,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 53 shares during the last quarter. Independence Bank of Kentucky increased its position in shares of Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Synopsys during the 1st quarter valued at about $34,000. 85.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SNPS. Morgan Stanley reduced their price objective on Synopsys from $715.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Mizuho dropped their target price on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. BNP Paribas began coverage on Synopsys in a report on Thursday. They set an “underperform” rating and a $425.00 target price for the company. Wells Fargo & Company dropped their target price on Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a report on Wednesday, September 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $535.00 target price (down from $670.00) on shares of Synopsys in a report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $575.31.

Synopsys Trading Down 0.4%

NASDAQ SNPS opened at $469.17 on Friday. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.51 and a current ratio of 1.62. The stock has a 50 day simple moving average of $559.15 and a two-hundred day simple moving average of $509.40. The stock has a market cap of $87.15 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 5.19 and a beta of 1.10.

Insider Transactions at Synopsys

In other news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $609.77, for a total value of $2,228,709.35. Following the completion of the transaction, the chief financial officer owned 15,317 shares in the company, valued at $9,339,847.09. This trade represents a 19.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the completion of the transaction, the chief accounting officer owned 20,520 shares of the company’s stock, valued at approximately $10,278,468. The trade was a 32.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is owned by company 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.