Synopsys, Inc. $SNPS Holdings Decreased by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its holdings in Synopsys, Inc. by 46.7%, leaving it with 497 shares valued at approximately $213,000 by the end of the most recent quarter.
• Several institutional investors have increased their stakes in Synopsys, with 85.47% of the company's stock owned by these investors, indicating strong institutional confidence.
• Analysts maintain a positive outlook on Synopsys, with a consensus target price of $638.21 and 12 analysts rating the stock as a Buy, reflecting robust growth expectations.

Jump Financial LLC trimmed its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 46.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 497 shares of the semiconductor company's stock after selling 436 shares during the period. Jump Financial LLC's holdings in Synopsys were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SNPS. Cornerstone Planning Group LLC boosted its holdings in Synopsys by 275.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Synopsys by 441.7% in the 1st 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 last quarter. Ameriflex Group Inc. acquired a new position in Synopsys in the 4th quarter valued at about $29,000. Cloud Capital Management LLC acquired a new position in Synopsys in the 1st quarter valued at about $36,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Synopsys by 33.3% in the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 26 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Down 0.6%

Shares of Synopsys stock traded down $3.82 during mid-day trading on Friday, hitting $598.14. 1,388,613 shares of the stock were exchanged, compared to its average volume of 973,467. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The stock has a market capitalization of $92.81 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 3.93 and a beta of 1.14. The company has a 50-day simple moving average of $594.11 and a 200 day simple moving average of $506.12. The company has a current ratio of 7.02, a quick ratio of 6.85 and a debt-to-equity ratio of 1.01.

Analyst Ratings Changes

Several brokerages have recently commented on SNPS. The Goldman Sachs Group began coverage on shares of Synopsys in a report on Thursday, July 10th. They issued a "buy" rating and a $620.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and issued a $660.00 price objective (up from $650.00) on shares of Synopsys in a report on Tuesday, July 15th. Rosenblatt Securities boosted their target price on Synopsys from $625.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. KeyCorp increased their price objective on shares of Synopsys from $610.00 to $660.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America increased their target price on shares of Synopsys from $575.00 to $625.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $638.21.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 9,010 shares of Synopsys stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $471.21, for a total transaction of $4,245,602.10. Following the transaction, the executive directly owned 1,485 shares of the company's stock, valued at $699,746.85. The trade was a 85.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $589.01, for a total transaction of $6,694,687.66. Following the sale, the chief executive officer owned 71,615 shares in the company, valued at $42,181,951.15. This represents a 13.70% decrease in their position. The disclosure for this sale can be found here. 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.