Maytus Capital Management LLC Takes $485,000 Position in Synopsys, Inc. (NASDAQ:SNPS)

Maytus Capital Management LLC acquired a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,000 shares of the semiconductor company's stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its holdings in Synopsys by 2.3% in the fourth quarter. Advisors Capital Management LLC now owns 840 shares of the semiconductor company's stock valued at $408,000 after purchasing an additional 19 shares during the last quarter. Caprock Group LLC raised its position in Synopsys by 0.5% during the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock valued at $1,803,000 after acquiring an additional 20 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Synopsys by 1.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock worth $898,000 after purchasing an additional 20 shares in the last quarter. Edge Capital Group LLC lifted its stake in shares of Synopsys by 1.2% in the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock valued at $791,000 after purchasing an additional 20 shares during the period. Finally, Barden Capital Management Inc. boosted its holdings in Synopsys by 1.1% during the fourth quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock worth $889,000 after buying an additional 20 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares in the company, valued at $32,890,077.50. The trade was a 13.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Geus Aart De sold 15,705 shares of Synopsys stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total transaction of $6,979,616.10. Following the completion of the transaction, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Trading Up 4.7%

Shares of SNPS opened at $505.59 on Tuesday. The firm has a 50-day moving average price of $438.34 and a 200 day moving average price of $489.05. The firm has a market capitalization of $78.17 billion, a P/E ratio of 34.82, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80.

Analyst Ratings Changes

A number of analysts have recently commented on SNPS shares. Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They issued a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus set a $550.00 price target on shares of Synopsys in a report on Monday, April 28th. Rosenblatt Securities reissued a "buy" rating and set a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Mizuho cut their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $613.43.

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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