Synopsys, Inc. $SNPS Holdings Lifted by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Synopsys, Inc. by 65.8%, now holding 4,107 shares valued at over $2 million.
• CEO Sassine Ghazi sold 11,366 shares at $589.01, reducing his ownership by 13.70% and reporting a total sale value of nearly $6.7 million.
• Institutional investors own 85.47% of Synopsys, with recent analyst ratings showing a mix of buy and hold despite price target adjustments across several firms.

Shell Asset Management Co. boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 65.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,107 shares of the semiconductor company's stock after buying an additional 1,630 shares during the quarter. Shell Asset Management Co.'s holdings in Synopsys were worth $2,106,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SNPS. Brighton Jones LLC boosted its stake in Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company's stock valued at $447,000 after buying an additional 50 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Synopsys by 9.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,899 shares of the semiconductor company's stock valued at $828,000 after purchasing an additional 158 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Synopsys by 92.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 3,260 shares of the semiconductor company's stock valued at $1,398,000 after purchasing an additional 1,569 shares during the period. GAMMA Investing LLC boosted its position in shares of Synopsys by 26.8% in the 1st quarter. GAMMA Investing LLC now owns 2,790 shares of the semiconductor company's stock valued at $1,196,000 after purchasing an additional 590 shares during the period. Finally, Accurate Wealth Management LLC boosted its position in shares of Synopsys by 31.5% in the 1st quarter. Accurate Wealth Management LLC now owns 1,235 shares of the semiconductor company's stock valued at $520,000 after purchasing an additional 296 shares during the period. Institutional investors own 85.47% of the company's stock.

Insider Transactions at Synopsys

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the completion of the sale, the chief executive officer directly owned 71,615 shares of the company's stock, valued at $42,181,951.15. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $500.90, for a total value of $4,945,385.70. Following the sale, the chief accounting officer directly owned 20,520 shares of the company's stock, valued at $10,278,468. This trade represents a 32.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,894 shares of company stock valued at $16,760,783 over the last 90 days. Company insiders own 0.62% of the company's stock.

Synopsys Trading Up 2.4%

Shares of NASDAQ SNPS opened at $489.36 on Thursday. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The firm has a market capitalization of $90.90 billion, a PE ratio of 38.41, a PEG ratio of 5.26 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $550.58 and a two-hundred day moving average price of $510.06.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNPS. Piper Sandler decreased their price target on Synopsys from $660.00 to $630.00 and set an "overweight" rating for the company in a research report on Wednesday, September 10th. Morgan Stanley decreased their price target on Synopsys from $715.00 to $510.00 and set an "overweight" rating for the company in a research report on Thursday, September 11th. Stifel Nicolaus decreased their price target on Synopsys from $650.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. BNP Paribas began coverage on Synopsys in a research report on Thursday, October 2nd. They issued an "underperform" rating and a $425.00 price target for the company. Finally, Needham & Company LLC decreased their price target on Synopsys from $660.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $575.31.

Synopsys 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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