Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Cromwell Holdings LLC

Cromwell Holdings LLC lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504 shares of the semiconductor company’s stock after buying an additional 81 shares during the quarter. Cromwell Holdings LLC’s holdings in Synopsys were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Partners LLC increased its holdings in shares of Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Chris Bulman Inc acquired a new stake in shares of Synopsys during the second quarter valued at $30,000. Pacifica Partners Inc. purchased a new position in Synopsys in the 3rd quarter valued at about $25,000. Tsfg LLC boosted its stake in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of Synopsys by 66.7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on SNPS shares. Rosenblatt Securities reissued a “buy” rating and set a $635.00 price objective on shares of Synopsys in a research note on Friday, August 23rd. Berenberg Bank initiated coverage on Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $640.00 target price on shares of Synopsys in a research report on Tuesday. Mizuho began coverage on Synopsys in a report on Tuesday. They issued an “outperform” rating and a $650.00 price target for the company. Finally, 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 report on Thursday, August 22nd. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys presently has a consensus rating of “Buy” and an average target price of $643.00.

Synopsys Stock Up 1.3 %

Shares of SNPS opened at $501.58 on Friday. Synopsys, Inc. has a 52-week low of $448.91 and a 52-week high of $629.38. The firm has a market cap of $77.05 billion, a price-to-earnings ratio of 52.03, a PEG ratio of 3.44 and a beta of 1.08. The business’s 50 day moving average is $509.38 and its two-hundred day moving average is $545.88.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $2.17 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Synopsys, Inc. will post 9.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $34,655,789.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.66% of the stock is currently owned by corporate 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.