Cwm LLC Has $1.70 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Cwm LLC lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,309 shares of the semiconductor company’s stock after purchasing an additional 121 shares during the quarter. Cwm LLC’s holdings in Synopsys were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Synopsys by 128.5% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,303 shares of the semiconductor company’s stock valued at $8,394,000 after buying an additional 9,168 shares in the last quarter. Signaturefd LLC raised its position in Synopsys by 5.8% in the 4th quarter. Signaturefd LLC now owns 3,799 shares of the semiconductor company’s stock valued at $1,956,000 after purchasing an additional 207 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Synopsys by 6.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 519 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 30 shares during the last quarter. Lindbrook Capital LLC raised its position in Synopsys by 15.4% in the 4th quarter. Lindbrook Capital LLC now owns 1,264 shares of the semiconductor company’s stock valued at $651,000 after purchasing an additional 169 shares during the last quarter. Finally, abrdn plc raised its position in Synopsys by 56.9% in the 4th quarter. abrdn plc now owns 84,369 shares of the semiconductor company’s stock valued at $43,442,000 after purchasing an additional 30,581 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 10,294 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Synopsys news, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value of $5,944,887.94. Following the completion of the transaction, the chief executive officer now directly owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc N. Casper bought 750 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of $585.45 per share, with a total value of $439,087.50. Following the completion of the purchase, the director now owns 1,736 shares of the company’s stock, valued at approximately $1,016,341.20. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 26,832 shares of company stock worth $15,464,992. 0.66% of the stock is owned by insiders.

Synopsys Trading Up 0.5 %

NASDAQ SNPS opened at $530.11 on Friday. The stock has a 50-day simple moving average of $563.91 and a 200 day simple moving average of $535.52. The company has a market capitalization of $80.84 billion, a PE ratio of 58.38, a P/E/G ratio of 3.08 and a beta of 1.06. Synopsys, Inc. has a 12 month low of $362.06 and a 12 month high of $629.38.

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

Analyst Upgrades and Downgrades

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

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.