Silver Oak Securities Incorporated Grows Stake in Synopsys, Inc. (NASDAQ:SNPS)

Silver Oak Securities Incorporated grew its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 1,812.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,626 shares of the semiconductor company's stock after buying an additional 1,541 shares during the period. Silver Oak Securities Incorporated's holdings in Synopsys were worth $837,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Synopsys in the third quarter worth $26,000. Venturi Wealth Management LLC bought a new position in shares of Synopsys in the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Synopsys in the third quarter valued at about $29,000. Catalyst Capital Advisors LLC boosted its stake in Synopsys by 34.5% in the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company's stock valued at $52,000 after buying an additional 29 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in Synopsys in the fourth quarter valued at about $56,000. Institutional investors own 85.47% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SNPS. StockNews.com raised Synopsys from a "hold" rating to a "buy" rating in a research note on Monday, March 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Robert W. Baird raised 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. Piper Sandler began coverage on Synopsys in a research note on Thursday, April 4th. They issued an "overweight" rating and a $665.00 price objective on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and set a $615.00 price target on shares of Synopsys in a research note on Thursday, March 21st. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $601.00.

Insider Buying and Selling

In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of Synopsys stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $583.95, for a total value of $711,835.05. Following the completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John F. Runkel, Jr. sold 5,319 shares of Synopsys stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $579.37, for a total value of $3,081,669.03. Following the completion of the sale, the insider now owns 20,000 shares of the company's stock, valued at $11,587,400. The disclosure for this sale can be found here. Insiders have sold a total of 26,832 shares of company stock valued at $15,464,992 over the last ninety days. 0.66% of the stock is owned by company insiders.

Synopsys Price Performance

Shares of Synopsys stock traded down $14.17 during midday trading on Tuesday, reaching $530.59. The company had a trading volume of 741,135 shares, compared to its average volume of 1,224,312. The stock has a fifty day moving average price of $563.22 and a 200 day moving average price of $537.21. The firm has a market cap of $80.91 billion, a PE ratio of 58.44, a P/E/G ratio of 3.18 and a beta of 1.06. Synopsys, Inc. has a fifty-two week low of $365.46 and a fifty-two week high of $629.38.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.13. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. As a group, sell-side analysts forecast that Synopsys, Inc. will post 9.78 EPS for the current year.

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.