HMS Capital Management LLC Sells 28 Shares of Synopsys, Inc. (NASDAQ:SNPS)

HMS Capital Management LLC reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 3,140 shares of the semiconductor company’s stock after selling 28 shares during the period. HMS Capital Management LLC’s holdings in Synopsys were worth $1,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNPS. ORG Partners LLC increased its position in Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Chris Bulman Inc acquired a new position in shares of Synopsys during the second quarter worth approximately $30,000. Pacifica Partners Inc. bought a new position in shares of Synopsys in the 3rd quarter worth $25,000. Tsfg LLC grew its position in Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in Synopsys by 66.7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after buying an additional 24 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Performance

Shares of SNPS opened at $521.98 on Wednesday. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The business has a 50-day moving average of $504.94 and a 200 day moving average of $544.22. The firm has a market cap of $80.18 billion, a P/E ratio of 54.15, a price-to-earnings-growth ratio of 3.20 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.15. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, research analysts predict that Synopsys, Inc. will post 9.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $553.89, for a total transaction of $5,701,189.77. Following the sale, the chief executive officer now directly owns 62,568 shares in the company, valued at $34,655,789.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on SNPS shares. Berenberg Bank initiated coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. Needham & Company LLC reissued a “buy” rating and set a $640.00 target price on shares of Synopsys in a research report on Tuesday, October 22nd. Finally, Mizuho began coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $643.00.

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.