LMR Partners LLP Raises Holdings in Synopsys, Inc. (NASDAQ:SNPS)

LMR Partners LLP increased its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 101.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,547 shares of the semiconductor company's stock after acquiring an additional 5,303 shares during the period. LMR Partners LLP's holdings in Synopsys were worth $5,119,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Kieckhefer Group LLC bought a new stake in Synopsys in the fourth quarter worth about $27,000. Whipplewood Advisors LLC bought a new position in Synopsys in the 4th quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Synopsys in the fourth quarter worth $34,000. Sierra Ocean LLC purchased a new stake in shares of Synopsys during the fourth quarter valued at $39,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after buying an additional 20 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNPS. Stifel Nicolaus set a $550.00 price target on Synopsys in a report on Monday, April 28th. Needham & Company LLC reissued a "buy" rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp reduced their price objective on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their target price on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $613.43.

Insiders Place Their Bets

In other news, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, the insider now directly owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the firm'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 completion of the transaction, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. The trade was a 13.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company's stock.

Synopsys Trading Down 0.0%

Shares of SNPS stock traded down $0.05 during trading hours on Friday, reaching $514.43. 946,601 shares of the company's stock were exchanged, compared to its average volume of 1,103,971. The stock has a market cap of $79.54 billion, a PE ratio of 35.43, a PEG ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The stock's fifty day moving average price is $442.76 and its two-hundred day moving average price is $489.56.

Synopsys 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.