Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPSFree Report) by 38.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,166 shares of the semiconductor company’s stock after purchasing an additional 607 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Synopsys were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mutual Advisors LLC lifted its holdings in Synopsys by 3.1% in the third quarter. Mutual Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $392,000 after acquiring an additional 26 shares during the last quarter. Fred Alger Management LLC lifted its holdings in shares of Synopsys by 1.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock worth $528,000 after purchasing an additional 20 shares during the last quarter. Gotham Asset Management LLC boosted its position in Synopsys by 35.9% during the 3rd quarter. Gotham Asset Management LLC now owns 8,428 shares of the semiconductor company’s stock valued at $3,868,000 after purchasing an additional 2,227 shares during the period. Truist Financial Corp grew its stake in Synopsys by 119.2% during the 3rd quarter. Truist Financial Corp now owns 27,626 shares of the semiconductor company’s stock worth $12,680,000 after buying an additional 15,024 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Synopsys by 18.8% in the third quarter. Advisors Asset Management Inc. now owns 6,787 shares of the semiconductor company’s stock worth $3,115,000 after buying an additional 1,072 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Synopsys from $650.00 to $655.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Piper Sandler restated an “overweight” rating and issued a $672.00 price target (up previously from $665.00) on shares of Synopsys in a research note on Thursday, May 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $615.00 price target on shares of Synopsys in a report on Thursday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a report on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on Synopsys from $640.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $624.36.

Read Our Latest Stock Report on SNPS

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 8,158 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $602.59, for a total transaction of $4,915,929.22. Following the completion of the sale, the insider now directly owns 106,983 shares of the company’s stock, valued at approximately $64,466,885.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider John F. Runkel, Jr. sold 5,319 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total value of $3,081,669.03. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at approximately $11,587,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Geus Aart De sold 8,158 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $602.59, for a total transaction of $4,915,929.22. Following the completion of the transaction, the insider now directly owns 106,983 shares of the company’s stock, valued at approximately $64,466,885.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,658 shares of company stock valued at $20,970,824. Corporate insiders own 0.66% of the company’s stock.

Synopsys Stock Up 0.0 %

Shares of Synopsys stock opened at $595.06 on Monday. The business has a fifty day simple moving average of $569.90 and a 200-day simple moving average of $556.31. The firm has a market cap of $91.18 billion, a price-to-earnings ratio of 64.68, a price-to-earnings-growth ratio of 3.84 and a beta of 1.07. Synopsys, Inc. has a fifty-two week low of $418.51 and a fifty-two week high of $629.38.

Synopsys (NASDAQ:SNPSGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing the consensus estimate of $3.03 by ($0.03). Synopsys had a net margin of 23.05% and a return on equity of 22.66%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.76 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts anticipate that Synopsys, Inc. will post 9.66 earnings per share for the current fiscal year.

Synopsys Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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