Arlington Trust Co LLC Raises Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Arlington Trust Co LLC increased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 102.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the semiconductor company’s stock after purchasing an additional 147 shares during the period. Arlington Trust Co LLC’s holdings in Synopsys were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SNPS. Norges Bank acquired a new stake in Synopsys during the fourth quarter worth about $891,507,000. Alliancebernstein L.P. raised its holdings in Synopsys by 351.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,773,216 shares of the semiconductor company’s stock valued at $566,170,000 after acquiring an additional 1,380,699 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Synopsys by 113,493.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,319,960 shares of the semiconductor company’s stock worth $421,450,000 after buying an additional 1,318,798 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Synopsys by 90.2% in the first quarter. Goldman Sachs Group Inc. now owns 733,196 shares of the semiconductor company’s stock valued at $244,353,000 after purchasing an additional 347,807 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Synopsys by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock worth $925,744,000 after buying an additional 344,430 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Up 1.5 %

SNPS stock traded up $8.34 during midday trading on Friday, hitting $575.45. 767,743 shares of the company’s stock were exchanged, compared to its average volume of 956,349. The stock has a market capitalization of $87.76 billion, a price-to-earnings ratio of 63.38, a price-to-earnings-growth ratio of 3.22 and a beta of 1.06. The firm has a 50 day moving average price of $567.49 and a 200-day moving average price of $527.21. Synopsys, Inc. has a 12-month low of $360.36 and a 12-month high of $629.38.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. On average, sell-side analysts forecast that Synopsys, Inc. will post 10.06 EPS for the current fiscal year.

Analyst Ratings Changes

SNPS has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Synopsys from $620.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $615.00 target price on shares of Synopsys in a report on Thursday, March 21st. Piper Sandler started coverage on shares of Synopsys in a research note on Thursday. They set an “overweight” rating and a $665.00 price target for the company. Finally, Robert W. Baird increased their price objective on Synopsys from $624.00 to $640.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $601.00.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the completion of the transaction, the chief executive officer now owns 61,863 shares in the company, valued at approximately $35,726,501.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John F. Runkel, Jr. sold 5,319 shares of the company’s stock in a transaction 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 directly owns 20,000 shares in the company, valued at $11,587,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sassine Ghazi sold 10,294 shares of Synopsys stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at approximately $35,726,501.13. The disclosure for this sale can be found here. Insiders sold 26,832 shares of company stock valued at $15,464,992 in the last three months. 0.66% of the stock is currently owned by corporate insiders.

Synopsys Company 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.