Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Values First Advisors Inc.

Values First Advisors Inc. lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 774 shares of the semiconductor company’s stock after acquiring an additional 59 shares during the period. Values First Advisors Inc.’s holdings in Synopsys were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Gotham Asset Management LLC boosted its position in shares of Synopsys by 35.9% in the 3rd quarter. Gotham Asset Management LLC now owns 8,428 shares of the semiconductor company’s stock valued at $3,868,000 after purchasing an additional 2,227 shares during the period. Comerica Bank purchased a new stake in Synopsys during the 3rd quarter valued at approximately $14,203,000. Moody Lynn & Lieberson LLC purchased a new stake in Synopsys during the 3rd quarter valued at approximately $1,606,000. DNB Asset Management AS raised its stake in Synopsys by 18.6% during the 4th quarter. DNB Asset Management AS now owns 52,711 shares of the semiconductor company’s stock valued at $27,141,000 after acquiring an additional 8,259 shares during the last quarter. Finally, Advisor Resource Council raised its stake in Synopsys by 525.4% during the 4th quarter. Advisor Resource Council now owns 3,402 shares of the semiconductor company’s stock valued at $1,752,000 after acquiring an additional 2,858 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $1.85 during midday trading on Thursday, reaching $571.50. 998,608 shares of the company’s stock were exchanged, compared to its average volume of 1,329,009. Synopsys, Inc. has a 52-week low of $360.36 and a 52-week high of $629.38. The stock has a market capitalization of $87.18 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 3.32 and a beta of 1.07. The business’s fifty day moving average price is $561.42 and its two-hundred day moving average price is $522.15.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.13. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. Analysts predict that Synopsys, Inc. will post 10.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Marc N. Casper purchased 750 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the completion of the purchase, the director now owns 1,736 shares of the company’s stock, valued at $1,016,341.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the transaction, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marc N. Casper bought 750 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of $585.45 per share, with a total value of $439,087.50. Following the completion of the purchase, the director now owns 1,736 shares of the company’s stock, valued at $1,016,341.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 36,586 shares of company stock worth $19,868,728. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SNPS shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $615.00 price objective on shares of Synopsys in a research note on Thursday, March 21st. Wells Fargo & Company upped their price target on Synopsys from $620.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Robert W. Baird upped their price target on Synopsys from $624.00 to $640.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $660.00 target price on shares of Synopsys in a report on Friday, March 22nd. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $594.60.

Synopsys 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.