Dohj LLC Buys New Stake in Synopsys, Inc. (NASDAQ:SNPS)

Dohj LLC purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 656 shares of the semiconductor company’s stock, valued at approximately $338,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Synopsys by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock worth $925,744,000 after buying an additional 344,430 shares during the period. FMR LLC lifted its position in Synopsys by 8.9% during the 3rd quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock worth $1,850,594,000 after acquiring an additional 330,206 shares in the last quarter. Wellington Management Group LLP grew its position in Synopsys by 228.8% in the third quarter. Wellington Management Group LLP now owns 386,773 shares of the semiconductor company’s stock valued at $177,517,000 after acquiring an additional 269,130 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Synopsys by 52,466.9% during the fourth quarter. International Assets Investment Management LLC now owns 176,099 shares of the semiconductor company’s stock valued at $90,675,000 after purchasing an additional 175,764 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Synopsys by 140.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 267,665 shares of the semiconductor company’s stock valued at $122,850,000 after purchasing an additional 156,404 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SNPS. Needham & Company LLC reaffirmed a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Friday, March 22nd. Rosenblatt Securities restated a “buy” rating and set a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Robert W. Baird boosted their price target on Synopsys from $624.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Piper Sandler assumed coverage on Synopsys in a report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price target for the company. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Synopsys has an average rating of “Buy” and a consensus price target of $601.00.

Insider Transactions at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider John F. Runkel, Jr. sold 1,219 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the transaction, the insider now directly owns 26,780 shares of the company’s stock, valued at approximately $15,638,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sassine Ghazi sold 10,294 shares of Synopsys stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the sale, the chief executive officer now owns 61,863 shares in the company, valued at $35,726,501.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,832 shares of company stock worth $15,464,992. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Up 2.6 %

Shares of SNPS traded up $13.55 during mid-day trading on Friday, hitting $543.66. The stock had a trading volume of 997,562 shares, compared to its average volume of 908,153. Synopsys, Inc. has a fifty-two week low of $362.06 and a fifty-two week high of $629.38. The company has a market cap of $82.91 billion, a PE ratio of 59.87, a PEG ratio of 3.10 and a beta of 1.06. The company’s fifty day simple moving average is $563.73 and its two-hundred day simple moving average is $535.97.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.13. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities analysts expect that Synopsys, Inc. will post 9.78 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.