Jump Financial LLC Acquires Shares of 10,667 Synopsys, Inc. (NASDAQ:SNPS)

Jump Financial LLC purchased a new position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,667 shares of the semiconductor company's stock, valued at approximately $5,493,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Synopsys during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new position in shares of Synopsys in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at about $29,000. Catalyst Capital Advisors LLC lifted its holdings in Synopsys by 34.5% in the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 29 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new position in Synopsys in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Synopsys Trading Up 1.2 %

SNPS traded up $6.83 during trading on Friday, hitting $556.71. The stock had a trading volume of 587,939 shares, compared to its average volume of 920,863. Synopsys, Inc. has a 12 month low of $365.58 and a 12 month high of $629.38. The company has a 50 day simple moving average of $558.21 and a 200-day simple moving average of $539.80. The firm has a market cap of $84.90 billion, a PE ratio of 61.31, a P/E/G ratio of 3.21 and a beta of 1.07.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 22.96% and a return on equity of 22.88%. The business's quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS. As a group, sell-side analysts anticipate that Synopsys, Inc. will post 9.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on SNPS. Rosenblatt Securities restated a "buy" rating and issued a $615.00 target price on shares of Synopsys in a research report on Thursday, March 21st. Piper Sandler assumed coverage on Synopsys in a report on Thursday, April 4th. They set an "overweight" rating and a $665.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research report on Friday, March 22nd. Robert W. Baird upped their price target on shares of Synopsys from $624.00 to $640.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded shares of Synopsys from a "hold" rating to a "buy" rating in a research note on Monday, March 18th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $601.00.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 5,319 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the sale, the insider now owns 20,000 shares of the company's stock, valued at approximately $11,587,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider John F. Runkel, Jr. sold 5,319 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 20,000 shares in the company, valued at $11,587,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc N. Casper bought 750 shares of Synopsys stock in a transaction dated Monday, March 25th. The stock was acquired at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the purchase, 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. Insiders have sold a total of 26,832 shares of company stock worth $15,464,992 over the last ninety days. Corporate insiders own 0.66% 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.

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