ICA Group Wealth Management LLC Has $139,000 Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

ICA Group Wealth Management LLC lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 15.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 359 shares of the semiconductor company’s stock after selling 65 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Synopsys were worth $139,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Freedom Wealth Alliance LLC acquired a new stake in Synopsys in the 4th quarter worth about $26,000. VitalStone Financial LLC bought a new position in shares of Synopsys in the first quarter worth $30,000. Ancora Advisors LLC bought a new stake in Synopsys during the fourth quarter worth about $30,000. HHM Wealth Advisors LLC acquired a new stake in Synopsys during the first quarter worth about $31,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in Synopsys by 470.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 84.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Synopsys from $445.00 to $470.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Wells Fargo & Company boosted their price objective on shares of Synopsys from $410.00 to $420.00 in a research report on Thursday, May 18th. JPMorgan Chase & Co. boosted their price objective on shares of Synopsys from $470.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. Needham & Company LLC reissued a “buy” rating and set a $500.00 target price on shares of Synopsys in a research note on Tuesday, August 15th. Finally, KeyCorp boosted their target price on Synopsys from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $462.50.

Synopsys Trading Up 0.2 %

Shares of Synopsys stock opened at $459.14 on Monday. The business has a 50-day moving average price of $445.26 and a two-hundred day moving average price of $411.69. Synopsys, Inc. has a 1-year low of $267.00 and a 1-year high of $471.15. The company has a market cap of $69.84 billion, a P/E ratio of 68.84, a PEG ratio of 3.55 and a beta of 1.11.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, August 16th. The semiconductor company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.14. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. Synopsys had a return on equity of 18.01% and a net margin of 18.71%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Equities research analysts forecast that Synopsys, Inc. will post 7.87 EPS for the current fiscal year.

Insider Transactions at Synopsys

In other news, insider John F. Runkel, Jr. sold 2,507 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $454.35, for a total value of $1,139,055.45. Following the completion of the sale, the insider now directly owns 24,697 shares in the company, valued at approximately $11,221,081.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider John F. Runkel, Jr. sold 2,507 shares of Synopsys stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $454.35, for a total value of $1,139,055.45. Following the completion of the sale, the insider now owns 24,697 shares of the company’s stock, valued at approximately $11,221,081.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Geus Aart De sold 40,000 shares of Synopsys stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $447.40, for a total transaction of $17,896,000.00. Following the completion of the sale, the chief executive officer now directly owns 94,421 shares of the company’s stock, valued at approximately $42,243,955.40. The disclosure for this sale can be found here. Insiders sold a total of 97,703 shares of company stock valued at $43,025,310 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. 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.