1,000 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, Holdings Channel reports. The fund bought 1,000 shares of the semiconductor company’s stock, valued at approximately $485,000.

Several other large investors have also added to or reduced their stakes in SNPS. Advisors Capital Management LLC increased its position in Synopsys by 2.3% in the fourth quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company’s stock worth $408,000 after buying an additional 19 shares during the last quarter. Caprock Group LLC increased its position in Synopsys by 0.5% in the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock worth $1,803,000 after buying an additional 20 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in Synopsys by 1.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock worth $898,000 after buying an additional 20 shares during the last quarter. Edge Capital Group LLC increased its position in Synopsys by 1.2% in the fourth quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company’s stock worth $791,000 after buying an additional 20 shares during the last quarter. Finally, Barden Capital Management Inc. increased its position in Synopsys by 1.1% in the fourth quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company’s stock worth $889,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

In related news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares of the company’s stock, valued at approximately $32,890,077.50. The trade was a 13.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Synopsys Stock Down 0.1%

Synopsys stock opened at $515.61 on Wednesday. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $624.80. The business has a 50-day simple moving average of $447.85 and a 200 day simple moving average of $489.13. The stock has a market cap of $79.72 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.23 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNPS shares. Bank of America decreased their target price on Synopsys from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Piper Sandler reduced their price target on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Morgan Stanley reduced their price target on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Stifel Nicolaus set a $550.00 price target on Synopsys in a research report on Monday, April 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $660.00 price target on shares of Synopsys in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Synopsys has an average rating of “Moderate Buy” and a consensus target price of $614.86.

Synopsys Profile

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.