Liontrust Investment Partners LLP Sells 2,043 Shares of Synopsys, Inc. $SNPS

Key Points

• Liontrust Investment Partners LLP has decreased its position in Synopsys, Inc. by 6.1%, holding 31,421 shares valued at approximately $13.48 million as of the latest quarter.
• Wall Street analysts maintain a "Moderate Buy" consensus rating for Synopsys, with price targets ranging up to $715.00, reflecting positive expectations for the company's growth.
• Insider trading activity includes significant sales by CFO and CEO, with insiders selling a total of 27,686 shares in the last three months, indicating potential concerns about share performance.

Liontrust Investment Partners LLP reduced its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,421 shares of the semiconductor company's stock after selling 2,043 shares during the period. Liontrust Investment Partners LLP's holdings in Synopsys were worth $13,475,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its stake in Synopsys by 275.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Synopsys by 441.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 53 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Synopsys during the 4th quarter worth $29,000. Cloud Capital Management LLC bought a new stake in shares of Synopsys during the 1st quarter worth $36,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Synopsys by 33.3% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 26 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Sassine Ghazi sold 11,366 shares of the company's 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 transaction, the chief executive officer directly owned 71,589 shares of the company's stock, valued at $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Richard S. Mahoney sold 9,010 shares of the company's 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 directly owned 1,485 shares in the company, valued at approximately $699,746.85. The trade was a 85.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,686 shares of company stock valued at $13,001,048 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Trading Up 0.3%

Shares of SNPS traded up $1.55 during mid-day trading on Friday, hitting $617.91. 881,572 shares of the company's stock traded hands, compared to its average volume of 1,514,814. The firm has a market capitalization of $95.87 billion, a P/E ratio of 44.61, a PEG ratio of 4.09 and a beta of 1.15. The business's 50-day moving average price is $558.90 and its 200-day moving average price is $497.65. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the prior year, the firm earned $3.00 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Synopsys, Inc. will post 10.64 EPS for the current fiscal year.

Analysts Set New Price Targets

SNPS has been the topic of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on Synopsys in a research note on Thursday, July 10th. They set a "buy" rating and a $620.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $715.00 target price (up previously from $540.00) on shares of Synopsys in a report on Monday, August 11th. Rosenblatt Securities lifted their target price on Synopsys from $625.00 to $650.00 and gave the company a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus set a $550.00 price target on Synopsys in a research report on Monday, April 28th. Finally, Piper Sandler lifted their price target on Synopsys from $615.00 to $660.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $630.67.

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.