Bank Hapoalim BM Purchases Shares of 425 Synopsys, Inc. $SNPS

Bank Hapoalim BM purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 425 shares of the semiconductor company’s stock, valued at approximately $218,000.

Other large investors have also made changes to their positions in the company. HBW Advisory Services LLC grew its holdings in shares of Synopsys by 494.9% in the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock worth $1,851,000 after purchasing an additional 3,004 shares during the last quarter. Westbourne Investments Inc. acquired a new position in Synopsys during the 2nd quarter valued at about $1,505,000. Bourgeon Capital Management LLC acquired a new position in Synopsys during the 2nd quarter valued at about $451,000. North Star Asset Management Inc. raised its position in shares of Synopsys by 3.6% in the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company’s stock valued at $25,847,000 after acquiring an additional 2,082 shares during the period. Finally, SlateStone Wealth LLC raised its position in shares of Synopsys by 467.8% in the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock valued at $4,383,000 after acquiring an additional 8,420 shares during the period. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Synopsys from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. BNP Paribas assumed coverage on shares of Synopsys in a report on Thursday. They issued an “underperform” rating and a $425.00 price objective on the stock. Robert W. Baird reissued a “neutral” rating and issued a $535.00 target price (down from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. The Goldman Sachs Group decreased their target price on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Synopsys from $630.00 to $550.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $575.31.

Synopsys Stock Down 0.4%

SNPS stock opened at $469.17 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The company has a market cap of $87.15 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 5.19 and a beta of 1.10. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73. The business has a 50-day simple moving average of $559.15 and a 200 day simple moving average of $509.40.

Insiders Place Their Bets

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the sale, the chief executive officer directly owned 71,615 shares of the company’s stock, valued at $42,181,951.15. The trade was a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares in the company, valued at $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,894 shares of company stock worth $16,760,783 in the last ninety days. Insiders own 0.62% of the company’s stock.

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.