1,982 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Crew Capital Management Ltd.

Crew Capital Management Ltd. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,982 shares of the semiconductor company’s stock, valued at approximately $1,021,000. Synopsys accounts for about 1.0% of Crew Capital Management Ltd.’s holdings, making the stock its 21st largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DAVENPORT & Co LLC bought a new position in Synopsys in the 3rd quarter valued at $208,000. Ballentine Partners LLC boosted its holdings in Synopsys by 10.4% in the 3rd quarter. Ballentine Partners LLC now owns 617 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 58 shares during the period. Valeo Financial Advisors LLC bought a new position in Synopsys in the 3rd quarter valued at $243,000. Avestar Capital LLC boosted its holdings in Synopsys by 13.7% in the 3rd quarter. Avestar Capital LLC now owns 821 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 99 shares during the period. Finally, PDS Planning Inc boosted its holdings in Synopsys by 3.9% in the 3rd quarter. PDS Planning Inc now owns 958 shares of the semiconductor company’s stock valued at $440,000 after purchasing an additional 36 shares during the period. 85.47% of the stock is owned by institutional investors.

Insider Activity

In other news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $583.95, for a total transaction of $711,835.05. Following the sale, the insider now owns 26,780 shares of the company’s stock, valued at approximately $15,638,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the sale, the chief executive officer now owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John F. Runkel, Jr. sold 1,219 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $583.95, for a total transaction of $711,835.05. Following the sale, the insider now directly owns 26,780 shares in the company, valued at approximately $15,638,181. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,832 shares of company stock valued at $15,464,992. Corporate insiders own 0.66% of the company’s stock.

Synopsys Trading Up 0.2 %

Shares of SNPS stock traded up $1.10 during mid-day trading on Monday, reaching $544.76. The stock had a trading volume of 647,499 shares, compared to its average volume of 1,230,210. The stock’s 50-day moving average price is $563.73 and its two-hundred day moving average price is $536.58. Synopsys, Inc. has a 52-week low of $365.46 and a 52-week high of $629.38. The firm has a market capitalization of $83.08 billion, a PE ratio of 59.84, a price-to-earnings-growth ratio of 3.18 and a beta of 1.06.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities research analysts forecast that Synopsys, Inc. will post 9.78 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on SNPS. StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Rosenblatt Securities restated a “buy” rating and set a $615.00 price objective on shares of Synopsys in a research report on Thursday, March 21st. Needham & Company LLC restated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research report on Friday, March 22nd. Robert W. Baird raised their price objective on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler assumed coverage on shares of Synopsys in a research report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 target price on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Buy” and a consensus target price of $601.00.

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.