Martin Currie Ltd. Has $12.04 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Martin Currie Ltd. lessened its position in Synopsys, Inc. (NASDAQ:SNPS) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,070 shares of the semiconductor company’s stock after selling 594 shares during the period. Martin Currie Ltd.’s holdings in Synopsys were worth $12,038,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. North Star Asset Management Inc. boosted its stake 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 purchasing an additional 2,082 shares in the last quarter. SlateStone Wealth LLC raised its holdings in shares of Synopsys by 467.8% in the first quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company’s stock valued at $4,383,000 after buying an additional 8,420 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Synopsys in the first quarter valued at about $1,000,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Synopsys by 3.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company’s stock valued at $8,651,000 after buying an additional 655 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Synopsys in the first quarter valued at about $3,116,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insiders Place Their Bets

In other Synopsys news, CFO Shelagh Glaser sold 7,310 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the sale, the chief financial officer directly owned 15,291 shares in the company, valued at approximately $7,427,144.52. This trade represents a 32.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the sale, the chief executive officer owned 71,589 shares in the company, valued at $32,782,750.77. This trade represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,686 shares of company stock worth $13,001,048. Company insiders own 0.62% of the company’s stock.

Synopsys Price Performance

SNPS opened at $616.36 on Friday. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. Synopsys, Inc. has a 12 month low of $365.74 and a 12 month high of $651.73. The company has a fifty day simple moving average of $556.26 and a 200 day simple moving average of $497.32. The stock has a market cap of $95.63 billion, a P/E ratio of 44.50, a P/E/G ratio of 4.09 and a beta of 1.15.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.40 by $0.27. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the company earned $3.00 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts expect that Synopsys, Inc. will post 10.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SNPS shares. The Goldman Sachs Group started coverage on Synopsys in a report on Thursday, July 10th. They issued a “buy” rating and a $620.00 price target for the company. Stifel Nicolaus set a $550.00 price target on Synopsys in a report on Monday, April 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $715.00 price target (up from $540.00) on shares of Synopsys in a report on Monday. Piper Sandler boosted their price objective on Synopsys from $615.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Finally, Bank of America boosted their price objective on Synopsys from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Synopsys has an average rating of “Moderate Buy” and an average price target of $630.67.

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.