Aptus Capital Advisors LLC Has $733,000 Stake in Synopsys, Inc. (NASDAQ:SNPS)

Aptus Capital Advisors LLC raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,447 shares of the semiconductor company’s stock after buying an additional 22 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Synopsys were worth $733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SNPS. Kingsview Wealth Management LLC bought a new stake in Synopsys in the first quarter valued at approximately $239,000. Davidson Capital Management Inc. raised its stake in Synopsys by 33,828.6% during the 3rd quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock worth $2,405,000 after buying an additional 4,736 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in Synopsys by 3.7% during the third quarter. Harvest Portfolios Group Inc. now owns 42,121 shares of the semiconductor company’s stock worth $21,330,000 after acquiring an additional 1,496 shares in the last quarter. Jacobs & Co. CA acquired a new position in Synopsys in the third quarter valued at about $10,554,000. Finally, Vontobel Holding Ltd. raised its position in shares of Synopsys by 4.7% during the third quarter. Vontobel Holding Ltd. now owns 965,256 shares of the semiconductor company’s stock worth $488,796,000 after purchasing an additional 43,228 shares during the period. 85.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNPS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. Robert W. Baird increased their price objective on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Mizuho assumed coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 target price for the company. Piper Sandler lowered their target price on Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Berenberg Bank started coverage on Synopsys in a report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $649.82.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $553.89, for a total value of $5,701,189.77. Following the sale, the chief executive officer now owns 62,568 shares in the company, valued at approximately $34,655,789.52. This represents a 14.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Synopsys Stock Down 1.7 %

NASDAQ:SNPS opened at $548.31 on Friday. The firm has a market capitalization of $84.23 billion, a price-to-earnings ratio of 57.57, a price-to-earnings-growth ratio of 3.37 and a beta of 1.08. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock’s 50 day moving average price is $511.56 and its two-hundred day moving average price is $545.39.

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, topping 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior 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, analysts anticipate that Synopsys, Inc. will post 9.45 earnings per share for the current year.

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.