International Assets Investment Management LLC Acquires 175,764 Shares of Synopsys, Inc. (NASDAQ:SNPS)

International Assets Investment Management LLC lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 52,466.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,099 shares of the semiconductor company’s stock after buying an additional 175,764 shares during the quarter. International Assets Investment Management LLC owned about 0.12% of Synopsys worth $90,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Synopsys during the 3rd quarter worth $26,000. Venturi Wealth Management LLC bought a new stake in Synopsys in the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Synopsys in the third quarter valued at about $29,000. Catalyst Capital Advisors LLC boosted its holdings in Synopsys by 34.5% during the third quarter. Catalyst Capital Advisors LLC now owns 113 shares of the semiconductor company’s stock worth $52,000 after buying an additional 29 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Synopsys by 52.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 156 shares of the semiconductor company’s stock worth $71,000 after buying an additional 54 shares during the period. 85.47% of the stock is owned by institutional investors.

Insider Activity at Synopsys

In other Synopsys news, Director Marc N. Casper purchased 750 shares of the business’s stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of $585.45 per share, with a total value of $439,087.50. Following the transaction, the director now directly owns 1,736 shares of the company’s stock, valued at approximately $1,016,341.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of the firm’s 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 transaction, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marc N. Casper purchased 750 shares of the stock in a transaction on Monday, March 25th. The shares were bought at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the transaction, the director now directly owns 1,736 shares in the company, valued at $1,016,341.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 26,832 shares of company stock valued at $15,464,992. Corporate insiders own 0.66% of the company’s stock.

Synopsys Price Performance

SNPS stock opened at $523.38 on Friday. The stock has a market capitalization of $79.82 billion, a P/E ratio of 57.64, a P/E/G ratio of 3.10 and a beta of 1.07. Synopsys, Inc. has a fifty-two week low of $365.46 and a fifty-two week high of $629.38. The business has a 50-day moving average of $561.64 and a 200-day moving average of $537.01.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.13. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $1.75 EPS. The business’s revenue was up 21.1% on a year-over-year basis. Equities analysts expect that Synopsys, Inc. will post 9.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $615.00 price target on shares of Synopsys in a research report on Thursday, March 21st. Piper Sandler began coverage on shares of Synopsys in a report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price target for the company. Robert W. Baird raised their price objective on Synopsys from $624.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $660.00 target price on shares of Synopsys in a report on Friday, March 22nd. Finally, StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Synopsys currently has an average rating of “Buy” and an average price target of $601.00.

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.