First Personal Financial Services Purchases 500 Shares of Synopsys, Inc. (NASDAQ:SNPS)

First Personal Financial Services raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 384.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 630 shares of the semiconductor company’s stock after acquiring an additional 500 shares during the period. First Personal Financial Services’ holdings in Synopsys were worth $319,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Field & Main Bank increased its position in shares of Synopsys by 7.2% during the 3rd quarter. Field & Main Bank now owns 1,134 shares of the semiconductor company’s stock worth $574,000 after purchasing an additional 76 shares during the last quarter. Tompkins Financial Corp increased its position in shares of Synopsys by 7.8% during the 3rd quarter. Tompkins Financial Corp now owns 7,613 shares of the semiconductor company’s stock worth $3,855,000 after purchasing an additional 552 shares during the last quarter. Assetmark Inc. increased its position in shares of Synopsys by 4.3% during the 3rd quarter. Assetmark Inc. now owns 15,903 shares of the semiconductor company’s stock worth $8,053,000 after purchasing an additional 650 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Synopsys by 32.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 567 shares of the semiconductor company’s stock worth $287,000 after purchasing an additional 139 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Synopsys during the 3rd quarter worth approximately $1,138,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SNPS. Piper Sandler lowered their price target on Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Rosenblatt Securities reissued a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Friday, August 23rd. Berenberg Bank started coverage on Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys currently has an average rating of “Buy” and an average price target of $643.00.

Insider Activity

In other news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $553.89, for a total transaction of $5,701,189.77. Following the completion of the transaction, the chief executive officer now directly owns 62,568 shares in the company, valued at $34,655,789.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

Synopsys Stock Down 2.1 %

Shares of SNPS stock opened at $561.55 on Friday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The company has a market cap of $86.26 billion, a P/E ratio of 58.25, a P/E/G ratio of 3.37 and a beta of 1.08. The business has a fifty day simple moving average of $507.77 and a 200 day simple moving average of $544.81.

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 return on equity of 22.09% and a net margin of 24.06%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $2.17 EPS. Synopsys’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Synopsys, Inc. will post 9.45 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.