Tamar Securities LLC Has $18.65 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Tamar Securities LLC boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,226 shares of the semiconductor company's stock after acquiring an additional 3,743 shares during the period. Synopsys makes up approximately 3.7% of Tamar Securities LLC's holdings, making the stock its 7th largest holding. Tamar Securities LLC's holdings in Synopsys were worth $18,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fred Alger Management LLC increased its stake in Synopsys by 1.8% during the third quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company's stock valued at $528,000 after acquiring an additional 20 shares during the period. Quent Capital LLC increased its stake in Synopsys by 1.9% during the third quarter. Quent Capital LLC now owns 1,138 shares of the semiconductor company's stock valued at $522,000 after acquiring an additional 21 shares during the period. UMB Bank n.a. increased its stake in Synopsys by 1.3% during the third quarter. UMB Bank n.a. now owns 1,719 shares of the semiconductor company's stock valued at $789,000 after acquiring an additional 22 shares during the period. Obermeyer Wood Investment Counsel Lllp grew its stake in shares of Synopsys by 2.6% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company's stock valued at $394,000 after purchasing an additional 22 shares during the period. Finally, Synovus Financial Corp grew its stake in shares of Synopsys by 0.7% in the 3rd quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company's stock valued at $1,547,000 after purchasing an additional 23 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,294 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at approximately $35,726,501.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Synopsys news, CEO Sassine Ghazi sold 10,294 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $577.51, for a total value of $5,944,887.94. Following the transaction, the chief executive officer now directly owns 61,863 shares in the company, valued at approximately $35,726,501.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc N. Casper acquired 750 shares of the firm's stock in a transaction on Monday, March 25th. The stock was purchased at an average price of $585.45 per share, for a total transaction of $439,087.50. Following the completion of the transaction, the director now directly owns 1,736 shares in the company, valued at approximately $1,016,341.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 26,832 shares of company stock worth $15,464,992. Insiders own 0.66% of the company's stock.

Synopsys Price Performance

Shares of SNPS traded up $8.34 on Friday, hitting $575.45. The company's stock had a trading volume of 767,743 shares, compared to its average volume of 956,349. The company has a market capitalization of $87.76 billion, a PE ratio of 63.38, a PEG ratio of 3.22 and a beta of 1.06. Synopsys, Inc. has a fifty-two week low of $360.36 and a fifty-two week high of $629.38. The company has a 50 day moving average price of $567.49 and a 200 day moving average price of $527.21.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.43 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. Synopsys's revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. On average, equities analysts forecast that Synopsys, Inc. will post 10.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNPS. Wells Fargo & Company upped their price objective on Synopsys from $620.00 to $630.00 and gave the company an "overweight" rating in a research note on Wednesday, December 13th. StockNews.com upgraded Synopsys from a "hold" rating to a "buy" rating in a research note on Monday, March 18th. Piper Sandler began coverage on Synopsys in a research note on Thursday. They issued an "overweight" rating and a $665.00 price objective on the stock. Robert W. Baird upped their price objective on Synopsys from $624.00 to $640.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $601.00.

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.