DSM Capital Partners LLC Has $51.56 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Key Points

• DSM Capital Partners LLC reduced its holdings in Synopsys, Inc. by 1.6% during the 1st quarter, retaining 120,239 shares valued at approximately $51.56 million.
• Equities analysts have set a consensus price target for Synopsys at $630.67, with the stock receiving ratings ranging from "hold" to "buy" from various firms.
• Recent insider sales included CEO Sassine Ghazi selling 11,366 shares and CRO Richard S. Mahoney selling 9,010 shares, considerably reducing their ownership stakes.

DSM Capital Partners LLC reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,239 shares of the semiconductor company's stock after selling 1,924 shares during the period. Synopsys makes up approximately 0.9% of DSM Capital Partners LLC's investment portfolio, making the stock its 24th biggest position. DSM Capital Partners LLC owned 0.08% of Synopsys worth $51,564,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Synopsys by 4.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,779 shares of the semiconductor company's stock worth $14,057,000 after buying an additional 1,400 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Synopsys by 18.1% during the first quarter. Neuberger Berman Group LLC now owns 589,135 shares of the semiconductor company's stock worth $252,650,000 after buying an additional 90,461 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Synopsys by 5.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,723 shares of the semiconductor company's stock worth $2,025,000 after buying an additional 232 shares in the last quarter. S Bank Fund Management Ltd acquired a new position in shares of Synopsys during the first quarter worth $5,061,000. Finally, National Pension Service increased its holdings in shares of Synopsys by 7.8% during the first quarter. National Pension Service now owns 359,810 shares of the semiconductor company's stock worth $154,305,000 after buying an additional 25,898 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Stock Up 0.3%

Shares of SNPS stock traded up $1.55 on Friday, reaching $617.91. 881,572 shares of the company were exchanged, compared to its average volume of 1,654,845. The company has a market cap of $95.88 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 4.09 and a beta of 1.15. The company has a 50-day moving average of $558.90 and a 200-day moving average of $497.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 7.02 and a quick ratio of 6.85. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73.

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, topping analysts' consensus estimates of $3.40 by $0.27. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.60 billion. Synopsys had a net margin of 34.77% and a return on equity of 17.09%. The business's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.00 EPS. Analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Insider Transactions at Synopsys

In other news, CFO Shelagh Glaser sold 7,310 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the transaction, the chief financial officer owned 15,291 shares of the company's stock, valued at $7,427,144.52. This represents a 32.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $4,245,602.10. Following the completion of the sale, the executive owned 1,485 shares in the company, valued at $699,746.85. This represents a 85.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,686 shares of company stock valued at $13,001,048 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SNPS. KeyCorp boosted their price objective on shares of Synopsys from $540.00 to $610.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Rosenblatt Securities boosted their price objective on shares of Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group began coverage on shares of Synopsys in a research note on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $660.00 price objective (up previously from $650.00) on shares of Synopsys in a research note on Tuesday, July 15th. Finally, Bank of America boosted their price objective on shares of Synopsys from $575.00 to $625.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.