Values First Advisors Inc. Raises Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Values First Advisors Inc. boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 774 shares of the semiconductor company’s stock after buying an additional 59 shares during the quarter. Values First Advisors Inc.’s holdings in Synopsys were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp grew its stake in shares of Synopsys by 2.9% during the 2nd quarter. State Street Corp now owns 6,685,758 shares of the semiconductor company’s stock valued at $2,911,046,000 after purchasing an additional 186,800 shares during the period. FMR LLC grew its stake in shares of Synopsys by 8.9% during the 3rd quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock valued at $1,850,594,000 after purchasing an additional 330,206 shares during the period. Geode Capital Management LLC grew its stake in shares of Synopsys by 1.6% during the 1st quarter. Geode Capital Management LLC now owns 3,245,659 shares of the semiconductor company’s stock valued at $1,250,869,000 after purchasing an additional 52,624 shares during the period. Norges Bank bought a new stake in shares of Synopsys during the 4th quarter valued at about $891,507,000. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Synopsys by 6.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,150,257 shares of the semiconductor company’s stock valued at $686,556,000 after purchasing an additional 133,703 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,294 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now owns 61,863 shares of the company’s stock, valued at approximately $35,726,501.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sassine Ghazi sold 10,294 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the transaction, the chief executive officer now owns 61,863 shares of the company’s stock, valued at approximately $35,726,501.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Richard S. Mahoney sold 9,065 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $494.70, for a total value of $4,484,455.50. Following the transaction, the executive now directly owns 1,617 shares in the company, valued at approximately $799,929.90. The disclosure for this sale can be found here. Insiders have sold 36,586 shares of company stock valued at $19,868,728 in the last quarter. 0.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $660.00 price target on shares of Synopsys in a research note on Friday, March 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $615.00 price objective on shares of Synopsys in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price objective on Synopsys from $620.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Robert W. Baird boosted their price objective on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $594.60.

Synopsys Stock Down 0.3 %

SNPS stock traded down $1.85 during midday trading on Thursday, hitting $571.50. The company’s stock had a trading volume of 998,608 shares, compared to its average volume of 1,329,009. Synopsys, Inc. has a 12 month low of $360.36 and a 12 month high of $629.38. The firm has a market capitalization of $87.18 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 3.32 and a beta of 1.07. The company has a 50 day moving average of $561.42 and a two-hundred day moving average of $522.15.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. On average, analysts anticipate that Synopsys, Inc. will post 10.06 earnings per share for the current fiscal year.

Synopsys Company 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.