Brown Advisory Inc. Sells 504 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Brown Advisory Inc. decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,294 shares of the semiconductor company's stock after selling 504 shares during the quarter. Brown Advisory Inc.'s holdings in Synopsys were worth $984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Synopsys during the fourth quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Synopsys during the fourth quarter valued at approximately $34,000. Cloud Capital Management LLC purchased a new position in shares of Synopsys during the first quarter valued at approximately $36,000. Hazlett Burt & Watson Inc. boosted its position 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 last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Synopsys by 50.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company's stock valued at $48,000 after buying an additional 33 shares during the last quarter. Institutional investors own 85.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stifel Nicolaus set a $550.00 target price on Synopsys in a research report on Monday, April 28th. Piper Sandler reissued an "overweight" rating and issued a $615.00 price objective (down previously from $653.00) on shares of Synopsys in a research report on Thursday, May 29th. Bank of America boosted their price objective on Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a research report on Wednesday. KeyCorp boosted their price objective on Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Mizuho cut 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. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Synopsys presently has an average rating of "Moderate Buy" and a consensus price target of $617.67.

Synopsys Stock Performance

Shares of NASDAQ:SNPS traded up $4.96 during midday trading on Thursday, reaching $576.16. 883,190 shares of the company traded hands, compared to its average volume of 1,248,809. 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, Inc. has a 12 month low of $365.74 and a 12 month high of $604.83. The firm has a market capitalization of $89.40 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 3.76 and a beta of 1.12. The firm's fifty day moving average price is $504.42 and its two-hundred day moving average price is $481.58.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.60 billion. During the same period in the previous year, the company posted $3.00 EPS. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Activity at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 9,010 shares of the company's stock in a transaction dated 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 transaction, the executive directly owned 1,485 shares in the company, valued at $699,746.85. This represents a 85.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shelagh Glaser sold 7,310 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $485.72, for a total value of $3,550,613.20. Following the completion of the transaction, the chief financial officer owned 15,291 shares in the company, valued at $7,427,144.52. This represents a 32.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,686 shares of company stock worth $13,001,048. 0.62% of the stock is owned by company insiders.

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.