Janney Montgomery Scott LLC Boosts Position in Synopsys, Inc. (NASDAQ:SNPS)

Janney Montgomery Scott LLC lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPSFree Report) by 105.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,858 shares of the semiconductor company’s stock after acquiring an additional 8,634 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Synopsys were worth $8,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SNPS. Venturi Wealth Management LLC purchased a new stake in Synopsys in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Synopsys during the 3rd quarter worth approximately $29,000. Catalyst Capital Advisors LLC increased its position in Synopsys by 34.5% during the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock worth $52,000 after buying an additional 29 shares during the period. Keener Financial Planning LLC purchased a new stake in Synopsys in the fourth quarter valued at approximately $56,000. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Synopsys by 157.1% in the fourth quarter. Altshuler Shaham Ltd now owns 126 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

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

Get Our Latest Report on Synopsys

Synopsys Trading Down 0.4 %

Shares of SNPS opened at $566.73 on Friday. The firm’s 50-day moving average is $557.07 and its two-hundred day moving average is $544.05. The firm has a market capitalization of $86.43 billion, a P/E ratio of 62.42, a PEG ratio of 3.31 and a beta of 1.07. Synopsys, Inc. has a twelve month low of $386.50 and a twelve month high of $629.38.

Synopsys (NASDAQ:SNPSGet Free Report) last released its quarterly earnings results 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 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 business’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 EPS. Analysts predict that Synopsys, Inc. will post 9.78 EPS for the current year.

About Synopsys

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPSFree Report).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.