Greenleaf Trust Acquires 64 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Greenleaf Trust raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,026 shares of the semiconductor company’s stock after acquiring an additional 64 shares during the period. Greenleaf Trust’s holdings in Synopsys were worth $3,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fred Alger Management LLC boosted its stake in shares of Synopsys by 1.8% during the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock worth $528,000 after buying an additional 20 shares during the last quarter. UMB Bank n.a. lifted its stake in Synopsys by 1.3% in the 3rd quarter. UMB Bank n.a. now owns 1,719 shares of the semiconductor company’s stock valued at $789,000 after purchasing an additional 22 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its stake in Synopsys by 2.6% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company’s stock valued at $394,000 after purchasing an additional 22 shares during the last quarter. Synovus Financial Corp lifted its stake in Synopsys by 0.7% in the 3rd quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company’s stock valued at $1,547,000 after purchasing an additional 23 shares during the last quarter. Finally, State of Wyoming lifted its stake in Synopsys by 23.1% in the 2nd quarter. State of Wyoming now owns 128 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 10,294 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sassine Ghazi sold 10,294 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares of the company’s stock, valued at $35,726,501.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Runkel, Jr. sold 5,319 shares of the firm’s stock in a transaction that occurred on 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 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. Insiders have sold 26,832 shares of company stock valued at $15,464,992 over the last three months. 0.66% of the stock is owned by insiders.

Synopsys Trading Down 1.7 %

Shares of SNPS opened at $510.71 on Friday. Synopsys, Inc. has a 12 month low of $360.36 and a 12 month high of $629.38. The firm’s 50 day moving average is $566.66 and its 200-day moving average is $533.75. The stock has a market capitalization of $77.88 billion, a PE ratio of 56.25, a P/E/G ratio of 3.04 and a beta of 1.06.

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 net margin of 22.96% and a return on equity of 22.88%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm earned $1.75 earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts predict that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research note on Friday, March 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Piper Sandler assumed 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. Robert W. Baird increased their price target on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.