4,758 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,758 shares of the semiconductor company’s stock, valued at approximately $2,450,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Synopsys during the 3rd quarter valued at $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Synopsys during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Synopsys during the 3rd quarter valued at $29,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Synopsys by 34.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 29 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Synopsys during the 4th quarter valued at $56,000. Institutional investors own 85.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

Synopsys Price Performance

SNPS stock traded up $13.55 during trading on Friday, hitting $543.66. The stock had a trading volume of 997,174 shares, compared to its average volume of 1,237,400. Synopsys, Inc. has a twelve month low of $362.06 and a twelve month high of $629.38. The stock has a market capitalization of $82.91 billion, a P/E ratio of 60.20, a PEG ratio of 3.08 and a beta of 1.06. The company’s 50-day moving average price is $563.91 and its two-hundred day moving average price is $535.52.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.13. The company had revenue of $1.65 billion for 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%. Synopsys’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. As a group, sell-side analysts expect that Synopsys, Inc. will post 9.78 EPS for the current fiscal year.

Insider Transactions at Synopsys

In other news, Director Roy Vallee sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $572.66, for a total transaction of $5,726,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $11,453,200. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Roy Vallee sold 10,000 shares of Synopsys stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total transaction of $5,726,600.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $11,453,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Marc N. Casper purchased 750 shares of Synopsys stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the transaction, the director now owns 1,736 shares in the company, valued at approximately $1,016,341.20. The disclosure for this purchase can be found here. Insiders have sold a total of 26,832 shares of company stock worth $15,464,992 in the last ninety days. Insiders own 0.66% of the company’s stock.

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.