AXS Investments LLC lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,640 shares of the semiconductor company’s stock after selling 667 shares during the period. Synopsys makes up about 0.7% of AXS Investments LLC’s investment portfolio, making the stock its 22nd largest position. AXS Investments LLC’s holdings in Synopsys were worth $2,904,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in SNPS. Norges Bank purchased a new stake in Synopsys during the 4th quarter worth approximately $1,272,143,000. Ameriprise Financial Inc. grew its position in shares of Synopsys by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company’s stock worth $925,744,000 after acquiring an additional 344,430 shares in the last quarter. FMR LLC raised its position in shares of Synopsys by 8.9% during the 3rd quarter. FMR LLC now owns 4,032,059 shares of the semiconductor company’s stock valued at $1,850,594,000 after acquiring an additional 330,206 shares in the last quarter. 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 worth $177,517,000 after purchasing an additional 269,130 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Synopsys by 25.8% in the 4th quarter. Van ECK Associates Corp now owns 929,376 shares of the semiconductor company’s stock worth $478,545,000 after buying an additional 190,330 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Synopsys
In related news, CEO Sassine Ghazi sold 10,294 shares of the 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 completion of the transaction, the chief executive officer now owns 61,863 shares of the company’s stock, valued at approximately $35,726,501.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Marc N. Casper purchased 750 shares of the firm’s 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 completion of the transaction, the director now directly owns 1,736 shares in the company, valued at approximately $1,016,341.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sassine Ghazi sold 10,294 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at approximately $35,726,501.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,832 shares of company stock worth $15,464,992. Insiders own 0.66% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on Synopsys
Synopsys Stock Performance
Synopsys stock traded up $13.17 during trading hours on Thursday, hitting $586.30. 1,726,008 shares of the stock were exchanged, compared to its average volume of 1,140,066. The stock has a market capitalization of $89.41 billion, a P/E ratio of 65.69, a P/E/G ratio of 3.34 and a beta of 1.07. Synopsys, Inc. has a 12 month low of $390.20 and a 12 month high of $629.38. The business’s 50-day moving average is $557.38 and its two-hundred day moving average is $545.99.
Synopsys (NASDAQ:SNPS – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing the consensus estimate of $3.03 by ($0.03). Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.76 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.
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.
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