Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,897 shares of the semiconductor company’s stock after purchasing an additional 239 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Synopsys were worth $961,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pacifica Partners Inc. acquired a new stake in shares of Synopsys during the third quarter valued at approximately $25,000. Green Alpha Advisors LLC grew its position in Synopsys by 1.7% in the third quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company’s stock worth $655,000 after acquiring an additional 22 shares in the last quarter. Diversified Trust Co grew its position in Synopsys by 5.8% in the third quarter. Diversified Trust Co now owns 2,997 shares of the semiconductor company’s stock worth $1,518,000 after acquiring an additional 163 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Synopsys by 10.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,761 shares of the semiconductor company’s stock worth $892,000 after buying an additional 169 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Synopsys by 5.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 120,418 shares of the semiconductor company’s stock worth $60,978,000 after buying an additional 6,655 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Synopsys Stock Performance

Shares of NASDAQ SNPS opened at $533.08 on Friday. The stock has a market cap of $81.89 billion, a P/E ratio of 57.50, a P/E/G ratio of 3.29 and a beta of 1.08. The firm has a 50 day moving average price of $510.31 and a 200 day moving average price of $550.44. Synopsys, Inc. has a 52-week low of $448.91 and a 52-week high of $629.38.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.15. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.17 earnings per share. Analysts predict that Synopsys, Inc. will post 9.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $687.00 price target on shares of Synopsys in a research report on Thursday, August 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price objective on shares of Synopsys in a report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird lifted their price target on shares of Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, KeyCorp boosted their target price on shares of Synopsys from $675.00 to $690.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $642.22.

Insider Activity

In other news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the completion of the transaction, the chief executive officer now owns 62,568 shares in the company, valued at $34,655,789.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the completion of the transaction, the chief executive officer now owns 62,568 shares in the company, valued at $34,655,789.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Geus Aart De sold 493 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $620.60, for a total transaction of $305,955.80. Following the completion of the transaction, the insider now owns 106,983 shares of the company’s stock, valued at $66,393,649.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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.