Montag A & Associates Inc. Has $1.65 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Montag A & Associates Inc. boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,200 shares of the semiconductor company’s stock after acquiring an additional 50 shares during the period. Montag A & Associates Inc.’s holdings in Synopsys were worth $1,648,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SNPS. OFI Invest Asset Management bought a new position in shares of Synopsys in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC bought a new position in shares of Synopsys in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Synopsys in the 3rd quarter valued at about $29,000. Catalyst Capital Advisors LLC grew its holdings in shares of Synopsys by 34.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 29 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in shares of Synopsys in the 4th quarter valued at about $56,000. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, insider John F. Runkel, Jr. sold 1,219 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $583.95, for a total transaction of $711,835.05. Following the sale, the insider now owns 26,780 shares of the company’s stock, valued at approximately $15,638,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider John F. Runkel, Jr. sold 5,319 shares of Synopsys stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the completion of the sale, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $11,587,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Runkel, Jr. sold 1,219 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total transaction of $711,835.05. Following the completion of the transaction, the insider now owns 26,780 shares of the company’s stock, valued at $15,638,181. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,832 shares of company stock worth $15,464,992. Corporate insiders own 0.66% of the company’s stock.

Synopsys Trading Down 0.1 %

Shares of SNPS traded down $0.61 on Thursday, reaching $549.88. 410,083 shares of the company’s stock traded hands, compared to its average volume of 1,185,437. The stock’s 50 day simple moving average is $558.90 and its two-hundred day simple moving average is $539.18. The stock has a market cap of $83.86 billion, a PE ratio of 60.56, a PEG ratio of 3.14 and a beta of 1.07. Synopsys, Inc. has a 52-week low of $365.46 and a 52-week high of $629.38.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $1.75 EPS. The company’s revenue was up 21.1% compared to the same quarter last year. Analysts forecast that Synopsys, Inc. will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

SNPS has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Friday, March 22nd. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Robert W. Baird increased their price objective on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $615.00 target price on shares of Synopsys in a report on Thursday, March 21st. Finally, Piper Sandler began coverage on shares of Synopsys in a report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price target on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys currently has an average rating of “Buy” and an average target price of $601.00.

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.