Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. lowered its stake in Synopsys, Inc. (NASDAQ:SNPS) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,291 shares of the semiconductor company’s stock after selling 129,483 shares during the quarter. Synopsys comprises about 3.7% of Ownership Capital B.V.’s portfolio, making the stock its 14th biggest holding. Ownership Capital B.V. owned about 0.21% of Synopsys worth $166,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SNPS. Dohj LLC acquired a new stake in shares of Synopsys during the fourth quarter worth about $338,000. Headlands Technologies LLC lifted its position in shares of Synopsys by 300.6% during the fourth quarter. Headlands Technologies LLC now owns 7,135 shares of the semiconductor company’s stock worth $3,674,000 after purchasing an additional 5,354 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of Synopsys by 17.8% during the fourth quarter. Kovack Advisors Inc. now owns 1,024 shares of the semiconductor company’s stock worth $527,000 after purchasing an additional 155 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Synopsys by 5.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 4,598 shares of the semiconductor company’s stock worth $2,368,000 after purchasing an additional 239 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of Synopsys during the fourth quarter worth about $1,161,000. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNPS. StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $660.00 target price on shares of Synopsys in a report on Friday, March 22nd. Piper Sandler began coverage on shares of Synopsys in a report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $615.00 target price on shares of Synopsys in a report on Thursday, March 21st. Finally, Robert W. Baird raised their target price on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $601.00.

Insiders Place Their Bets

In related news, CEO Sassine Ghazi sold 10,294 shares of the firm’s stock in a transaction dated 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 owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other 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 completion of the sale, the chief executive officer now owns 61,863 shares in the company, valued at $35,726,501.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $583.95, for a total transaction of $711,835.05. Following the completion of the transaction, the insider now owns 26,780 shares in the company, valued at $15,638,181. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,832 shares of company stock valued at $15,464,992. Insiders own 0.66% of the company’s stock.

Synopsys Trading Up 2.6 %

Shares of Synopsys stock traded up $13.55 on Friday, hitting $543.66. The stock had a trading volume of 997,562 shares, compared to its average volume of 908,153. The stock has a market cap of $82.91 billion, a price-to-earnings ratio of 59.87, a P/E/G ratio of 3.10 and a beta of 1.06. Synopsys, Inc. has a 52-week low of $362.06 and a 52-week high of $629.38. The company’s 50 day moving average price is $563.73 and its 200 day moving average price is $535.97.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. Analysts predict that Synopsys, Inc. will post 9.78 EPS 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.