Magnus Financial Group LLC Invests $241,000 in Synopsys, Inc. (NASDAQ:SNPS)

Magnus Financial Group LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,869 shares of the semiconductor company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in Synopsys by 2.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,668 shares of the semiconductor company’s stock valued at $472,000 after purchasing an additional 78 shares during the period. Greenleaf Trust boosted its position in Synopsys by 1.9% during the 2nd quarter. Greenleaf Trust now owns 4,355 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 80 shares during the period. Securian Asset Management Inc boosted its position in Synopsys by 0.6% during the 1st quarter. Securian Asset Management Inc now owns 15,405 shares of the semiconductor company’s stock valued at $1,774,000 after purchasing an additional 97 shares during the period. Flagship Harbor Advisors LLC boosted its position in Synopsys by 78.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 227 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Finally, Wakefield Asset Management LLLP boosted its position in Synopsys by 1.1% during the 1st quarter. Wakefield Asset Management LLLP now owns 11,049 shares of the semiconductor company’s stock valued at $1,272,000 after purchasing an additional 119 shares during the period. Institutional investors own 90.58% of the company’s stock.

In other news, Chairman Geus Aart De sold 156,100 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $117.15, for a total value of $18,287,115.00. Following the sale, the chairman now owns 189,894 shares of the company’s stock, valued at approximately $22,246,082.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Walske sold 2,453 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $126.54, for a total value of $310,402.62. Following the completion of the sale, the director now directly owns 14,038 shares in the company, valued at approximately $1,776,368.52. The disclosure for this sale can be found here. Insiders sold a total of 207,180 shares of company stock worth $24,653,559 in the last three months. Company insiders own 1.84% of the company’s stock.



Synopsys stock traded up $0.50 during mid-day trading on Tuesday, hitting $130.44. 11,631 shares of the company’s stock traded hands, compared to its average volume of 854,199. The firm has a 50 day moving average price of $133.35 and a 200 day moving average price of $118.80. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The company has a market cap of $19.34 billion, a PE ratio of 46.13, a price-to-earnings-growth ratio of 3.87 and a beta of 1.27. Synopsys, Inc. has a one year low of $79.14 and a one year high of $138.72.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. Synopsys had a return on equity of 16.88% and a net margin of 18.74%. The firm had revenue of $836.20 million for the quarter, compared to the consensus estimate of $829.41 million. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts expect that Synopsys, Inc. will post 3.03 earnings per share for the current fiscal year.

SNPS has been the subject of a number of analyst reports. BidaskClub lowered Synopsys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Bank of America reaffirmed an “average” rating on shares of Synopsys in a research note on Wednesday, June 5th. Zacks Investment Research downgraded Synopsys from a “hold” rating to a “sell” rating and set a $143.00 target price on the stock. in a research note on Wednesday, July 24th. Wells Fargo & Co began coverage on Synopsys in a research note on Tuesday, May 14th. They set an “outperform” rating and a $135.00 target price on the stock. Finally, KeyCorp lifted their target price on Synopsys from $135.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Synopsys currently has an average rating of “Buy” and a consensus price target of $128.00.

Synopsys Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides 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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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