Catalyst Capital Advisors LLC Has $420,000 Stake in Synopsys, Inc. (NASDAQ:SNPS)

Catalyst Capital Advisors LLC decreased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 42.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 979 shares of the semiconductor company's stock after selling 708 shares during the period. Catalyst Capital Advisors LLC's holdings in Synopsys were worth $420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Synopsys in the 4th quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Synopsys in the 4th quarter worth approximately $34,000. Hazlett Burt & Watson Inc. boosted its stake in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 20 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Synopsys by 50.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 33 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in shares of Synopsys during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SNPS shares. Needham & Company LLC reissued a "buy" rating and set a $650.00 target price on shares of Synopsys in a research note on Thursday, May 29th. Stifel Nicolaus set a $550.00 target price on shares of Synopsys in a research note on Monday, April 28th. Mizuho decreased their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. KeyCorp set a $540.00 target price on shares of Synopsys in a research note on Tuesday, June 3rd. Finally, Piper Sandler reissued an "overweight" rating and set a $615.00 target price (down previously from $653.00) on shares of Synopsys in a research note on Thursday, May 29th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $607.14.

Insider Buying and Selling

In related news, 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 value of $4,245,602.10. Following the transaction, the executive owned 1,485 shares in the company, valued at $699,746.85. This trade represents a 85.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction 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 owned 71,589 shares in the company, valued at $32,782,750.77. This trade represents a 13.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,686 shares of company stock worth $13,001,048 in the last quarter. 0.62% of the stock is currently owned by company insiders.

Synopsys Stock Up 4.5%

Synopsys stock opened at $546.76 on Friday. The company has a market capitalization of $84.83 billion, a P/E ratio of 39.48, a P/E/G ratio of 3.62 and a beta of 1.12. The firm's fifty day simple moving average is $489.89 and its 200-day simple moving average is $478.16. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $624.80.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, beating analysts' consensus estimates of $3.40 by $0.27. The business 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%. Synopsys's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.00 EPS. Sell-side analysts forecast that Synopsys, Inc. will post 10.64 earnings per share for the current fiscal year.

About Synopsys

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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