Headlands Technologies LLC Has $3.67 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Headlands Technologies LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 300.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,135 shares of the semiconductor company’s stock after purchasing an additional 5,354 shares during the period. Synopsys makes up about 1.1% of Headlands Technologies LLC’s portfolio, making the stock its 14th biggest holding. Headlands Technologies LLC’s holdings in Synopsys were worth $3,674,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Fred Alger Management LLC increased its stake in Synopsys by 1.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock worth $528,000 after acquiring an additional 20 shares during the period. UMB Bank n.a. increased its stake in Synopsys by 1.3% during the 3rd quarter. UMB Bank n.a. now owns 1,719 shares of the semiconductor company’s stock worth $789,000 after acquiring an additional 22 shares during the period. Obermeyer Wood Investment Counsel Lllp increased its stake in Synopsys by 2.6% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company’s stock worth $394,000 after acquiring an additional 22 shares during the period. Synovus Financial Corp increased its stake in Synopsys by 0.7% during the 3rd quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company’s stock worth $1,547,000 after acquiring an additional 23 shares during the period. Finally, CENTRAL TRUST Co increased its stake in Synopsys by 4.0% during the 3rd quarter. CENTRAL TRUST Co now owns 653 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 25 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Piper Sandler initiated coverage on Synopsys in a research note on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price target on the stock. Robert W. Baird lifted their price target on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $615.00 price target on shares of Synopsys in a research note on Thursday, March 21st. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys presently has an average rating of “Buy” and a consensus price target of $601.00.

Insider Activity at Synopsys

In related news, insider John F. Runkel, Jr. sold 1,219 shares of the company’s 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 in the company, valued at approximately $15,638,181. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sassine Ghazi sold 10,294 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total transaction of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares of the company’s stock, valued at approximately $35,726,501.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John F. Runkel, Jr. sold 1,219 shares of the company’s 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 transaction, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The disclosure for this sale can be found here. Insiders have sold a total of 26,832 shares of company stock worth $15,464,992 in the last 90 days. Corporate insiders own 0.66% of the company’s stock.

Synopsys Stock Up 2.6 %

NASDAQ SNPS opened at $543.66 on Friday. Synopsys, Inc. has a twelve month low of $362.06 and a twelve month high of $629.38. The company has a market cap of $82.91 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 3.18 and a beta of 1.06. The business’s fifty day moving average is $563.73 and its 200 day moving average is $536.29.

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. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. Synopsys’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. On average, research analysts anticipate that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal 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.