Machina Capital S.A.S. Purchases Shares of 2,330 Synopsys, Inc. (NASDAQ:SNPS)

Machina Capital S.A.S. acquired a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,330 shares of the semiconductor company’s stock, valued at approximately $1,200,000. Synopsys comprises 0.8% of Machina Capital S.A.S.’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in Synopsys by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock valued at $925,744,000 after acquiring an additional 344,430 shares during the period. FMR LLC lifted its position in Synopsys by 8.9% during the third quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock valued at $1,850,594,000 after purchasing an additional 330,206 shares during the period. Wellington Management Group LLP boosted its holdings in Synopsys by 228.8% in the third quarter. Wellington Management Group LLP now owns 386,773 shares of the semiconductor company’s stock valued at $177,517,000 after purchasing an additional 269,130 shares during the last quarter. Van ECK Associates Corp grew its position in Synopsys by 25.8% during the 4th quarter. Van ECK Associates Corp now owns 929,376 shares of the semiconductor company’s stock worth $478,545,000 after purchasing an additional 190,330 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Synopsys by 52,466.9% during the 4th quarter. International Assets Investment Management LLC now owns 176,099 shares of the semiconductor company’s stock valued at $90,675,000 after buying an additional 175,764 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Insider Transactions at Synopsys

In related news, Director Roy Vallee sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $572.66, for a total value of $5,726,600.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $11,453,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Marc N. Casper bought 750 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were bought at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the acquisition, the director now directly owns 1,736 shares of the company’s stock, valued at approximately $1,016,341.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roy Vallee sold 10,000 shares of the firm’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 sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $11,453,200. The disclosure for this sale 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.

Wall Street Analyst Weigh In

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

Synopsys Trading Up 0.7 %

SNPS stock traded up $4.07 during midday trading on Tuesday, reaching $549.61. The stock had a trading volume of 753,964 shares, compared to its average volume of 1,199,337. Synopsys, Inc. has a 52-week low of $365.46 and a 52-week high of $629.38. The company has a market cap of $83.82 billion, a price-to-earnings ratio of 60.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.07. The company’s fifty day simple moving average is $560.26 and its 200 day simple moving average is $538.45.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $1.75 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Sell-side analysts predict that Synopsys, Inc. will post 9.78 EPS for the current year.

Synopsys Company 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.