Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,620 shares of the semiconductor company's stock after buying an additional 783 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Synopsys were worth $4,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Ameriflex Group Inc. acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $29,000. Whipplewood Advisors LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $39,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Synopsys by 28.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after buying an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on 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 sale, the insider now owns 116,671 shares of the company's stock, valued at $51,850,925.82. The trade was a 11.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the sale, the chief executive officer now directly owns 70,922 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNPS shares. Rosenblatt Securities reissued a "buy" rating and set a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Morgan Stanley reduced their price objective on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Piper Sandler reduced their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Mizuho reduced their price objective on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $614.86.

Synopsys Price Performance

NASDAQ:SNPS traded down $49.36 during trading hours on Wednesday, reaching $462.43. 4,790,448 shares of the company were exchanged, compared to its average volume of 1,121,537. The stock has a 50 day simple moving average of $453.45 and a 200 day simple moving average of $487.42. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80. The firm has a market cap of $71.50 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.23 and a beta of 1.16.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $3.40 by $0.27. Synopsys had a net margin of 36.12% and a return on equity of 20.48%. During the same period in the prior year, the firm posted $3.00 EPS. The business's revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Synopsys Company 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.