Vestmark Advisory Solutions Inc. Has $3.29 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Vestmark Advisory Solutions Inc. trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,388 shares of the semiconductor company’s stock after selling 70 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Synopsys were worth $3,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Synopsys by 8.9% in the 3rd quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock worth $1,850,594,000 after buying an additional 330,206 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Synopsys by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock valued at $925,744,000 after acquiring an additional 344,430 shares during the period. Northern Trust Corp boosted its stake in shares of Synopsys by 4.9% in the 3rd quarter. Northern Trust Corp now owns 1,687,602 shares of the semiconductor company’s stock valued at $774,559,000 after purchasing an additional 78,848 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Synopsys by 25.8% in the 4th quarter. Van ECK Associates Corp now owns 929,376 shares of the semiconductor company’s stock worth $478,545,000 after purchasing an additional 190,330 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Synopsys by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 885,083 shares of the semiconductor company’s stock worth $406,227,000 after purchasing an additional 36,470 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Up 2.6 %

Synopsys stock traded up $13.56 during mid-day trading on Friday, hitting $536.94. 855,779 shares of the company’s stock were exchanged, compared to its average volume of 964,656. Synopsys, Inc. has a fifty-two week low of $365.46 and a fifty-two week high of $629.38. The firm has a market capitalization of $81.88 billion, a P/E ratio of 59.13, a PEG ratio of 3.06 and a beta of 1.07. The company’s 50 day simple moving average is $561.64 and its 200-day simple moving average is $537.01.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business posted $1.75 EPS. Synopsys’s revenue for the quarter was up 21.1% on a year-over-year basis. Research analysts expect that Synopsys, Inc. will post 9.78 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on SNPS. Robert W. Baird boosted their price target 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. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Piper Sandler started coverage on Synopsys in a research note on Thursday, April 4th. They issued an “overweight” rating and a $665.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research report on Friday, March 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $615.00 price objective on shares of Synopsys in a research report on Thursday, March 21st. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $601.00.

Insider Activity

In related news, insider John F. Runkel, Jr. sold 5,319 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total value of $3,081,669.03. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $11,587,400. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Marc N. Casper bought 750 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $585.45 per share, with a total value of $439,087.50. Following the completion of the transaction, the director now owns 1,736 shares in the company, valued at $1,016,341.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Runkel, Jr. sold 5,319 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total value of $3,081,669.03. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $11,587,400. The disclosure for this sale can be found here. Insiders sold 26,832 shares of company stock worth $15,464,992 over the last quarter. 0.66% of the stock is currently owned by company insiders.

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.