Mattson Financial Services LLC Invests $1.41 Million in Synopsys, Inc. $SNPS

Key Points

• Mattson Financial Services LLC invested approximately $1.41 million to acquire 3,287 shares of Synopsys, Inc. in the first quarter of the year.
• Synopsys has experienced significant analyst activity, with price targets ranging from $525 to $715, and a consensus rating of "Moderate Buy" reflecting diverse outlooks on the stock.
• Insider activity has seen notable sales, including CFO Shelagh Glaser selling 3,655 shares, indicating potential variations in confidence among company executives.

Mattson Financial Services LLC purchased a new position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,287 shares of the semiconductor company's stock, valued at approximately $1,410,000.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Synopsys by 275.0% during the first quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock worth $25,000 after buying an additional 44 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Synopsys during the first quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Synopsys by 441.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 65 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 53 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Synopsys during the fourth quarter valued at approximately $29,000. Finally, WPG Advisers LLC bought a new stake in shares of Synopsys during the first quarter valued at approximately $34,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Performance

Shares of NASDAQ:SNPS opened at $387.78 on Thursday. The business's fifty day moving average price is $594.99 and its two-hundred day moving average price is $506.99. Synopsys, Inc. has a fifty-two week low of $365.74 and a fifty-two week high of $651.73. The stock has a market capitalization of $60.17 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SNPS shares. Morgan Stanley restated an "overweight" rating and set a $715.00 price objective (up from $540.00) on shares of Synopsys in a research report on Monday, August 11th. KeyCorp lowered their price objective on Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a research report on Wednesday. Bank of America restated an "underperform" rating and set a $525.00 price objective (down from $625.00) on shares of Synopsys in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on Synopsys from $700.00 to $600.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on Synopsys from $630.00 to $550.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $599.00.

Insider Buying and Selling at Synopsys

In other news, CFO Shelagh Glaser sold 3,655 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $609.77, for a total transaction of $2,228,709.35. Following the sale, the chief financial officer owned 15,317 shares in the company, valued at approximately $9,339,847.09. This represents a 19.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Richard S. Mahoney sold 9,010 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $471.21, for a total value of $4,245,602.10. Following the sale, the executive owned 1,485 shares in the company, valued at $699,746.85. The trade was a 85.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,031 shares of company stock worth $13,168,999 over the last three months. Company insiders own 0.62% of the company's stock.

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.

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