CHICAGO TRUST Co NA Makes New $640,000 Investment in Synopsys, Inc. $SNPS

Key Points

• Chicago Trust Co NA has made a new investment of $640,000 in Synopsys, Inc., acquiring 1,248 shares during the 2nd quarter.
• Various institutional investors significantly increased their stakes in Synopsys, with some like HBW Advisory Services LLC boosting their holdings by 494.9%.
• Insider trading activity included Director Robert G. Painter buying 350 shares, while CEO Sassine Ghazi sold 11,366 shares, indicating mixed signals from company leadership.

CHICAGO TRUST Co NA acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,248 shares of the semiconductor company's stock, valued at approximately $640,000.

Other institutional investors also recently modified their holdings of the company. HBW Advisory Services LLC grew its holdings in shares of Synopsys by 494.9% during the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company's stock worth $1,851,000 after purchasing an additional 3,004 shares in the last quarter. Westbourne Investments Inc. acquired a new stake in Synopsys in the 2nd quarter valued at $1,505,000. North Star Asset Management Inc. boosted 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 in the last quarter. SlateStone Wealth LLC boosted its stake in Synopsys by 467.8% in the 1st quarter. SlateStone Wealth LLC now owns 10,220 shares of the semiconductor company's stock valued at $4,383,000 after buying an additional 8,420 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in Synopsys in the first quarter worth $1,000,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Insiders Place Their Bets

In other Synopsys news, Director Robert G. Painter purchased 350 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of $425.44 per share, for a total transaction of $148,904.00. Following the purchase, the director owned 2,291 shares in the company, valued at approximately $974,683.04. This trade represents a 18.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total value of $6,694,687.66. Following the completion of the transaction, the chief executive officer owned 71,615 shares in the company, valued at approximately $42,181,951.15. The trade was a 13.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,894 shares of company stock worth $16,760,783. 0.62% of the stock is currently owned by company insiders.

Synopsys Price Performance

Shares of NASDAQ SNPS opened at $490.32 on Wednesday. The stock has a market capitalization of $91.08 billion, a PE ratio of 38.49, a P/E/G ratio of 5.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.62 and a quick ratio of 1.51. The business has a fifty day moving average price of $577.75 and a two-hundred day moving average price of $507.53. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird reissued a "neutral" rating and issued a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Mizuho dropped their price objective on Synopsys from $700.00 to $600.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. The Goldman Sachs Group lowered their price target on Synopsys from $700.00 to $600.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Bank of America reiterated an "underperform" rating and set a $525.00 price objective (down from $625.00) on shares of Synopsys in a report on Wednesday, September 10th. Finally, Stifel Nicolaus decreased their price objective on Synopsys from $650.00 to $550.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $585.33.

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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