DSG Capital Advisors LLC Makes New Investment in Synopsys, Inc. (NASDAQ:SNPS)

DSG Capital Advisors LLC acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,447 shares of the semiconductor company's stock, valued at approximately $1,673,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC grew its holdings in Synopsys by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 968 shares of the semiconductor company's stock valued at $499,000 after purchasing an additional 34 shares during the last quarter. Brighton Jones LLC grew its holdings in Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after purchasing an additional 50 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Synopsys by 8.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 649 shares of the semiconductor company's stock valued at $315,000 after purchasing an additional 48 shares during the last quarter. Blue Trust Inc. grew its holdings in Synopsys by 25.0% in the fourth quarter. Blue Trust Inc. now owns 3,720 shares of the semiconductor company's stock valued at $1,884,000 after purchasing an additional 745 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Synopsys in the fourth quarter valued at $17,162,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on SNPS shares. Morgan Stanley lowered their target price on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Needham & Company LLC restated a "buy" rating and issued a $650.00 price objective on shares of Synopsys in a research report on Thursday. Mizuho reduced their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp set a $575.00 price objective on Synopsys and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Finally, Bank of America reduced their price objective on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Synopsys has an average rating of "Moderate Buy" and an average price target of $609.64.

Synopsys Stock Performance

NASDAQ SNPS traded down $7.44 during trading hours on Thursday, hitting $454.99. 4,314,126 shares of the company's stock were exchanged, compared to its average volume of 1,134,829. The business's 50 day moving average is $453.40 and its 200-day moving average is $486.73. The firm has a market capitalization of $70.35 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $3.40 by $0.27. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. Synopsys had a return on equity of 20.48% and a net margin of 36.12%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the business posted $3.00 EPS. As a group, equities research analysts anticipate that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the sale, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This trade represents a 13.81% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.

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.