Alua Capital Management LP Makes New $54.85 Million Investment in Synopsys, Inc. $SNPS

Key Points

• Alua Capital Management LP acquired 127,900 shares of Synopsys, Inc. valued at approximately $54.85 million, making it the firm's 11th largest holding.
• Insider selling was noted as CFO Shelagh Glaser sold over $3.5 million worth of shares, resulting in a 32.34% decrease in her ownership.
• Analysts have a mostly positive outlook on Synopsys, with several raising their price targets and maintaining "buy" or "overweight" ratings for the stock.

Alua Capital Management LP purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 127,900 shares of the semiconductor company's stock, valued at approximately $54,850,000. Synopsys makes up about 4.3% of Alua Capital Management LP's investment portfolio, making the stock its 11th biggest holding. Alua Capital Management LP owned 0.08% of Synopsys at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SNPS. North Star Asset Management Inc. grew its stake in Synopsys by 3.6% in the 1st quarter. North Star Asset Management Inc. now owns 60,270 shares of the semiconductor company's stock valued at $25,847,000 after buying an additional 2,082 shares during the last quarter. SlateStone Wealth LLC increased its position in Synopsys by 467.8% during the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company's stock worth $4,383,000 after purchasing an additional 8,420 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Synopsys during the 1st quarter worth approximately $1,000,000. Wealth Enhancement Advisory Services LLC increased its position in Synopsys by 3.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,172 shares of the semiconductor company's stock valued at $8,651,000 after acquiring an additional 655 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Synopsys in the 1st quarter valued at approximately $3,116,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SNPS shares. The Goldman Sachs Group started coverage on shares of Synopsys in a research note on Thursday, July 10th. They set a "buy" rating and a $620.00 target price on the stock. Piper Sandler raised their price objective on shares of Synopsys from $615.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Rosenblatt Securities lifted their target price on shares of Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Needham & Company LLC reiterated a "buy" rating and set a $660.00 target price (up from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Finally, Bank of America lifted their target price on shares of Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $638.21.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the transaction, the chief executive officer directly owned 71,615 shares of the company's stock, valued at approximately $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of Synopsys stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the completion of the sale, the executive directly owned 1,485 shares in the company, valued at $699,746.85. This represents a 85.85% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Synopsys Trading Up 1.8%

Shares of SNPS traded up $10.66 during trading hours on Monday, reaching $608.80. 515,764 shares of the company traded hands, compared to its average volume of 1,397,105. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01. The firm has a market cap of $94.46 billion, a price-to-earnings ratio of 43.91, a PEG ratio of 3.93 and a beta of 1.14. The stock's fifty day moving average price is $594.11 and its 200 day moving average price is $506.20.

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.