Level Four Advisory Services LLC Has $337,000 Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Level Four Advisory Services LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 27.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 872 shares of the semiconductor company’s stock after acquiring an additional 186 shares during the period. Level Four Advisory Services LLC’s holdings in Synopsys were worth $337,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SNPS. Freedom Wealth Alliance LLC acquired a new stake in Synopsys during the fourth quarter worth approximately $26,000. VitalStone Financial LLC acquired a new stake in shares of Synopsys in the first quarter valued at approximately $30,000. Ancora Advisors LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $30,000. HHM Wealth Advisors LLC acquired a new stake in shares of Synopsys in the first quarter valued at approximately $31,000. Finally, Compagnie Lombard Odier SCmA raised its position in shares of Synopsys by 470.0% in the fourth 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 in the last quarter. 84.12% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Performance

NASDAQ SNPS opened at $460.01 on Tuesday. The firm’s fifty day moving average price is $448.02 and its two-hundred day moving average price is $415.10. The stock has a market cap of $69.97 billion, a PE ratio of 68.97, a PEG ratio of 3.61 and a beta of 1.11. Synopsys, Inc. has a fifty-two week low of $267.00 and a fifty-two week high of $471.15.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 16th. The semiconductor company reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.14. Synopsys had a net margin of 18.71% and a return on equity of 18.01%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Synopsys’s revenue for the quarter was up 19.2% on a year-over-year basis. As a group, sell-side analysts predict that Synopsys, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SNPS. StockNews.com upgraded shares of Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Robert W. Baird lifted their price target on shares of Synopsys from $491.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $485.00 price target on shares of Synopsys in a research report on Wednesday, August 23rd. Needham & Company LLC restated a “buy” rating and set a $500.00 price objective on shares of Synopsys in a research report on Tuesday, August 15th. Finally, KeyCorp boosted their price objective on shares of Synopsys from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $462.50.

Insider Buying and Selling

In other Synopsys news, insider John F. Runkel, Jr. sold 2,507 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $454.35, for a total transaction of $1,139,055.45. Following the sale, the insider now owns 24,697 shares of the company’s stock, valued at $11,221,081.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Synopsys news, insider John F. Runkel, Jr. sold 2,507 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $454.35, for a total transaction of $1,139,055.45. Following the sale, the insider now owns 24,697 shares of the company’s stock, valued at $11,221,081.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sudhindra Kankanwadi sold 5,100 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $460.75, for a total transaction of $2,349,825.00. Following the sale, the chief accounting officer now directly owns 16,793 shares in the company, valued at approximately $7,737,374.75. The disclosure for this sale can be found here. Insiders have sold a total of 50,953 shares of company stock valued at $22,116,008 over the last 90 days. 0.69% of the stock is owned by insiders.

About Synopsys

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.