Synopsys, Inc. $SNPS Stock Holdings Increased by Talbot Financial LLC

Key Points

• Talbot Financial LLC increased its stake in Synopsys, Inc. by 23.5%, now holding 29,670 shares valued at over $15 million, making it the 28th largest position in their portfolio.
• Institutional ownership remains high, with 85.47% of Synopsys stock held by hedge funds and other institutional investors, indicating strong interest in the semiconductor company's stock.
• CEO Sassine Ghazi and CAO Sudhindra Kankanwadi both sold significant amounts of Synopsys stock recently, highlighting a potential concern for investors as insider selling rises.

Talbot Financial LLC lifted its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 23.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,670 shares of the semiconductor company's stock after purchasing an additional 5,648 shares during the quarter. Synopsys accounts for 1.4% of Talbot Financial LLC's portfolio, making the stock its 28th largest position. Talbot Financial LLC's holdings in Synopsys were worth $15,211,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SNPS. Nuveen LLC purchased a new stake in shares of Synopsys in the first quarter worth approximately $341,480,000. Pictet Asset Management Holding SA lifted its position in shares of Synopsys by 38.3% in the first quarter. Pictet Asset Management Holding SA now owns 2,432,596 shares of the semiconductor company's stock worth $1,043,518,000 after purchasing an additional 673,837 shares in the last quarter. Generation Investment Management LLP purchased a new stake in shares of Synopsys in the first quarter worth approximately $240,491,000. Vanguard Group Inc. lifted its position in shares of Synopsys by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,829,770 shares of the semiconductor company's stock worth $6,359,747,000 after purchasing an additional 346,994 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Synopsys by 22.2% in the first quarter. Alliancebernstein L.P. now owns 1,725,211 shares of the semiconductor company's stock worth $739,857,000 after purchasing an additional 313,218 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction 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. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sudhindra Kankanwadi sold 9,873 shares of Synopsys stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the sale, the chief accounting officer owned 20,520 shares in the company, valued at $10,278,468. This represents a 32.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,894 shares of company stock worth $16,760,783 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Trading Down 0.4%

Shares of Synopsys stock opened at $469.17 on Friday. The company's fifty day simple moving average is $559.15 and its 200-day simple moving average is $509.81. The company has a market cap of $87.15 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 5.17 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. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73.

Analyst Upgrades and Downgrades

SNPS has been the topic of several recent research reports. Bank of America reaffirmed an "underperform" rating and set a $525.00 price objective (down previously from $625.00) on shares of Synopsys in a research report on Wednesday, September 10th. Zacks Research lowered shares of Synopsys from a "hold" rating to a "strong sell" rating in a research report on Friday, September 12th. Wall Street Zen lowered shares of Synopsys from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. cut their price objective on shares of Synopsys from $685.00 to $600.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 10th. Finally, Citigroup lowered shares of Synopsys from a "neutral" rating to an "underperform" rating 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $575.31.

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.

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