Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its position in Synopsys, Inc. (NASDAQ:SNPS) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,294 shares of the semiconductor company’s stock after selling 504 shares during the period. Brown Advisory Inc.’s holdings in Synopsys were worth $984,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SNPS. Advisors Capital Management LLC increased its stake in Synopsys by 2.3% during the 4th quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company’s stock valued at $408,000 after buying an additional 19 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 20 shares during the period. Peninsula Wealth LLC increased its stake in Synopsys by 0.5% during the 4th quarter. Peninsula Wealth LLC now owns 4,224 shares of the semiconductor company’s stock valued at $2,050,000 after buying an additional 20 shares during the period. Williams Jones Wealth Management LLC. increased its stake in Synopsys by 0.5% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 4,650 shares of the semiconductor company’s stock valued at $2,257,000 after buying an additional 22 shares during the period. Finally, Ashton Thomas Securities LLC increased its stake in Synopsys by 1.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,866 shares of the semiconductor company’s stock valued at $906,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America lowered their target price on shares of Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group started coverage on shares of Synopsys in a research report on Thursday. They set a “buy” rating and a $620.00 price objective for the company. Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a research report on Monday, April 28th. Mizuho reduced their price objective on shares of Synopsys from $650.00 to $600.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Rosenblatt Securities reduced their price objective on shares of Synopsys from $660.00 to $625.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $612.67.

Synopsys Stock Performance

Shares of SNPS opened at $559.28 on Monday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $621.24. The company has a 50-day moving average of $499.27 and a two-hundred day moving average of $479.93. The stock has a market cap of $86.78 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 3.69 and a beta of 1.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.40 by $0.27. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the company posted $3.00 earnings per share. On average, equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Shelagh Glaser sold 7,310 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the completion of the sale, the chief financial officer directly owned 15,291 shares in the company, valued at approximately $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the sale, the chief executive officer owned 71,589 shares of the company’s stock, valued at approximately $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,686 shares of company stock worth $13,001,048. 0.62% of the stock is owned by company insiders.

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.