Czech National Bank boosted its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,504 shares of the semiconductor company's stock after acquiring an additional 2,197 shares during the period. Czech National Bank's holdings in Synopsys were worth $15,226,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in shares of Synopsys in the 4th quarter valued at about $29,000. Whipplewood Advisors LLC acquired a new stake in Synopsys during the 4th quarter worth $33,000. Pilgrim Partners Asia Pte Ltd bought a new position in Synopsys during the fourth quarter worth about $34,000. Sierra Ocean LLC bought a new position in Synopsys during the fourth quarter worth about $39,000. Finally, Hazlett Burt & Watson Inc. grew its stake in Synopsys by 28.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Synopsys
In other news, insider Geus Aart De sold 15,705 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares in the company, valued at $51,850,925.82. The trade was a 11.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company's stock.
Synopsys Stock Performance
NASDAQ SNPS traded up $0.11 during trading hours on Tuesday, hitting $466.26. 1,295,177 shares of the company traded hands, compared to its average volume of 1,141,842. The business's 50-day moving average is $453.78 and its 200-day moving average is $484.76. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80.
Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.40 by $0.27. Synopsys had a return on equity of 20.48% and a net margin of 36.12%. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same quarter in the prior year, the business posted $3.00 EPS. The business's revenue was up 10.3% compared to the same quarter last year. Analysts predict that Synopsys, Inc. will post 10.64 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SNPS shares. KeyCorp set a $575.00 price target on Synopsys and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. 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. Bank of America dropped their target price on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Rosenblatt Securities lowered their price objective on shares of Synopsys from $660.00 to $625.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $609.64.
Get Our Latest Analysis on Synopsys
Synopsys Profile
(
Free Report)
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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