National Pension Service Has $160.54 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

National Pension Service increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311,789 shares of the semiconductor company’s stock after purchasing an additional 8,123 shares during the period. National Pension Service’s holdings in Synopsys were worth $160,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNPS. Everpar Advisors LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $765,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Synopsys by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 849,371 shares of the semiconductor company’s stock worth $437,350,000 after purchasing an additional 23,361 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Synopsys by 11.1% in the fourth quarter. Apollon Wealth Management LLC now owns 3,836 shares of the semiconductor company’s stock worth $1,975,000 after purchasing an additional 384 shares during the period. Fielder Capital Group LLC acquired a new position in Synopsys in the fourth quarter valued at about $208,000. Finally, Machina Capital S.A.S. bought a new stake in Synopsys during the fourth quarter worth about $1,200,000. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Synopsys

In other news, insider John F. Runkel, Jr. sold 5,319 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the transaction, the insider now owns 20,000 shares in the company, valued at $11,587,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction dated 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 directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John F. Runkel, Jr. sold 5,319 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at approximately $11,587,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,832 shares of company stock valued at $15,464,992. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Up 0.2 %

NASDAQ SNPS traded up $0.88 on Wednesday, hitting $550.49. The company’s stock had a trading volume of 536,765 shares, compared to its average volume of 1,194,149. Synopsys, Inc. has a 1-year low of $365.46 and a 1-year high of $629.38. The firm has a market cap of $83.95 billion, a PE ratio of 60.63, a PEG ratio of 3.14 and a beta of 1.07. The company’s 50-day moving average is $559.77 and its 200 day moving average is $539.03.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.43 by $0.13. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $1.75 EPS. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, equities analysts expect that Synopsys, Inc. will post 9.78 EPS for the current year.

Analyst Upgrades and Downgrades

SNPS has been the topic of several recent analyst reports. Piper Sandler assumed 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. StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Rosenblatt Securities restated a “buy” rating and set a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Needham & Company LLC reissued a “buy” rating and set a $660.00 price target on shares of Synopsys in a report on Friday, March 22nd. Finally, Robert W. Baird raised their price objective on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $601.00.

About Synopsys

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.