630 Shares in Synopsys, Inc. $SNPS Acquired by Oliver Lagore Vanvalin Investment Group

Key Points

• Oliver Lagore Vanvalin Investment Group made a new investment of $323,000 in Synopsys, Inc. during the second quarter, acquiring 630 shares of the semiconductor company.
• Synopsys has seen significant interest from institutional investors, with 85.47% of the company's stock now owned by them, including major investments from GAMMA Investing LLC and Vanguard Group Inc.
• Recent analyst reports have varied on Synopsys, with Zacks Research downgrading it to a "strong sell" rating, while others have set price targets ranging from $550.00 to $600.00.

Oliver Lagore Vanvalin Investment Group acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 630 shares of the semiconductor company's stock, valued at approximately $323,000.

Other hedge funds have also modified their holdings of the company. Trust Point Inc. lifted its stake in shares of Synopsys by 4.4% during the 2nd quarter. Trust Point Inc. now owns 494 shares of the semiconductor company's stock worth $253,000 after purchasing an additional 21 shares during the period. Hardy Reed LLC grew its stake in shares of Synopsys by 0.7% during the first quarter. Hardy Reed LLC now owns 3,290 shares of the semiconductor company's stock valued at $1,411,000 after acquiring an additional 22 shares in the last quarter. Resurgent Financial Advisors LLC grew its stake in shares of Synopsys by 2.7% during the first quarter. Resurgent Financial Advisors LLC now owns 832 shares of the semiconductor company's stock valued at $357,000 after acquiring an additional 22 shares in the last quarter. Trust Asset Management LLC lifted its position in shares of Synopsys by 1.3% during the first quarter. Trust Asset Management LLC now owns 1,766 shares of the semiconductor company's stock worth $757,000 after purchasing an additional 22 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Synopsys by 10.8% during the first quarter. Harbour Investments Inc. now owns 235 shares of the semiconductor company's stock worth $101,000 after purchasing an additional 23 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Up 3.2%

SNPS traded up $15.39 during trading hours on Friday, hitting $495.50. 6,094,205 shares of the company's stock were exchanged, compared to its average volume of 3,815,305. The stock has a market cap of $92.04 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 5.60 and a beta of 1.14. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The stock's 50-day moving average is $580.02 and its two-hundred day moving average is $506.78. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73.

Analysts Set New Price Targets

SNPS has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on Synopsys from $715.00 to $510.00 and set an "overweight" rating on the stock in a report on Thursday, September 11th. Robert W. Baird reaffirmed a "neutral" rating and issued a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a research note on Wednesday, September 10th. Wall Street Zen lowered shares of Synopsys from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Baird R W lowered shares of Synopsys from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 10th. Finally, KeyCorp dropped their target price on shares of Synopsys from $660.00 to $590.00 and set an "overweight" rating on the stock in a report on Wednesday, September 10th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Synopsys has an average rating of "Hold" and a consensus target price of $585.33.

Insider Activity

In related news, Director Robert G. Painter purchased 350 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average cost of $425.44 per share, with a total value of $148,904.00. Following the acquisition, the director owned 2,291 shares of the company's stock, valued at $974,683.04. This trade represents a 18.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Corporate 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.