4,795 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Account Management LLC

Account Management LLC acquired a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,795 shares of the semiconductor company's stock, valued at approximately $2,056,000. Synopsys makes up 2.3% of Account Management LLC's investment portfolio, making the stock its 13th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Synopsys by 5.7% in the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock worth $447,000 after acquiring an additional 50 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Synopsys by 47.7% in the 4th quarter. Proficio Capital Partners LLC now owns 796 shares of the semiconductor company's stock worth $386,000 after acquiring an additional 257 shares in the last quarter. Inceptionr LLC bought a new position in shares of Synopsys in the 4th quarter worth about $246,000. Andra AP fonden increased its stake in shares of Synopsys by 61.1% in the 4th quarter. Andra AP fonden now owns 11,600 shares of the semiconductor company's stock worth $5,630,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Synopsys in the 4th quarter worth about $216,000. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $12.22 during trading on Monday, reaching $536.52. 1,390,956 shares of the company traded hands, compared to its average volume of 1,178,832. The firm has a 50 day simple moving average of $489.89 and a 200-day simple moving average of $477.94. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $83.25 billion, a PE ratio of 38.74, a P/E/G ratio of 3.62 and a beta of 1.12. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.27. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 EPS. Equities research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on SNPS shares. Needham & Company LLC reiterated a "buy" rating and issued a $650.00 price target on shares of Synopsys in a research note on Thursday, May 29th. Bank of America cut their price objective on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Mizuho cut their price objective on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler reissued an "overweight" rating and set a $615.00 price objective (down from $653.00) on shares of Synopsys in a research report on Thursday, May 29th. Finally, Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $607.14.

Insider Activity

In related news, CFO Shelagh Glaser sold 7,310 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $485.72, for a total value of $3,550,613.20. Following the transaction, the chief financial officer owned 15,291 shares of the company's stock, valued at approximately $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the completion of the transaction, the chief executive officer directly owned 71,589 shares in the company, valued at approximately $32,782,750.77. The trade was a 13.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,686 shares of company stock valued at $13,001,048 in the last 90 days. 0.62% of the stock is currently owned by insiders.

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.