BSW Wealth Partners Has $478,000 Stock Holdings in Synopsys, Inc. $SNPS

BSW Wealth Partners raised its stake in Synopsys, Inc. (NASDAQ:SNPS) by 8.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 933 shares of the semiconductor company’s stock after buying an additional 74 shares during the period. BSW Wealth Partners’ holdings in Synopsys were worth $478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MCF Advisors LLC lifted its stake in shares of Synopsys by 16.2% in the 2nd quarter. MCF Advisors LLC now owns 136 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 19 shares during the period. Trust Point Inc. increased its holdings in Synopsys by 4.4% in the second quarter. Trust Point Inc. now owns 494 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 21 shares in the last quarter. Hardy Reed LLC lifted its stake in Synopsys by 0.7% in the first quarter. Hardy Reed LLC now owns 3,290 shares of the semiconductor company’s stock valued at $1,411,000 after buying an additional 22 shares during the period. Resurgent Financial Advisors LLC boosted its holdings in shares of Synopsys by 2.7% during the 1st quarter. Resurgent Financial Advisors LLC now owns 832 shares of the semiconductor company’s stock worth $357,000 after buying an additional 22 shares in the last quarter. Finally, Trust Asset Management LLC grew its position in shares of Synopsys by 1.3% during the 1st quarter. Trust Asset Management LLC now owns 1,766 shares of the semiconductor company’s stock worth $757,000 after buying an additional 22 shares during the period. 85.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SNPS shares. Needham & Company LLC dropped their target price on shares of Synopsys from $660.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $535.00 price target (down from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. The Goldman Sachs Group cut their price objective on shares of Synopsys from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. KeyCorp reduced their target price on Synopsys from $660.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research note on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $585.33.

Insider Activity

In related news, CFO Shelagh Glaser sold 3,655 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the transaction, the chief financial officer directly owned 15,317 shares of the company’s stock, valued at $9,339,847.09. This trade represents a 19.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert G. Painter acquired 350 shares of Synopsys stock in a transaction on Thursday, September 11th. The stock was purchased at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the transaction, the director directly owned 2,291 shares in the company, valued at $974,683.04. This represents a 18.03% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 30,894 shares of company stock worth $16,760,783. Company insiders own 0.62% of the company’s stock.

Synopsys Trading Down 0.9%

Shares of Synopsys stock opened at $488.78 on Thursday. The company has a market capitalization of $90.79 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 5.44 and a beta of 1.10. The stock has a fifty day simple moving average of $564.57 and a 200 day simple moving average of $509.13. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52.

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.