1,982 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Crew Capital Management Ltd.

Crew Capital Management Ltd. bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, Holdings Channel reports. The firm bought 1,982 shares of the semiconductor company’s stock, valued at approximately $1,021,000. Synopsys accounts for approximately 1.0% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC raised 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 buying an additional 330,206 shares during the last quarter. Ameriprise Financial Inc. raised its position in Synopsys by 20.3% during the 3rd 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 last quarter. Northern Trust Corp raised its position in Synopsys by 4.9% during the 3rd quarter. Northern Trust Corp now owns 1,687,602 shares of the semiconductor company’s stock worth $774,559,000 after buying an additional 78,848 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Synopsys by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 885,083 shares of the semiconductor company’s stock worth $406,227,000 after buying an additional 36,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Synopsys by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 826,010 shares of the semiconductor company’s stock worth $379,114,000 after buying an additional 7,294 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

NASDAQ SNPS traded up $1.10 on Monday, hitting $544.76. The company had a trading volume of 647,499 shares, compared to its average volume of 1,230,210. The company has a market capitalization of $83.08 billion, a PE ratio of 59.84, a PEG ratio of 3.18 and a beta of 1.06. The company’s fifty day moving average price is $563.73 and its 200-day moving average price is $536.58. Synopsys, Inc. has a 12-month low of $365.46 and a 12-month high of $629.38.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.43 by $0.13. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The firm’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. On average, sell-side analysts anticipate that Synopsys, Inc. will post 9.78 EPS for the current year.

Insider Buying and Selling

In other news, insider John F. Runkel, Jr. sold 1,219 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider John F. Runkel, Jr. sold 1,219 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roy Vallee sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total transaction of $5,726,600.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $11,453,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,832 shares of company stock valued at $15,464,992. 0.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.