Cwm LLC Has $2.78 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

Cwm LLC boosted its stake in Synopsys, Inc. (NASDAQ:SNPSFree Report) by 46.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,856 shares of the semiconductor company’s stock after purchasing an additional 1,547 shares during the period. Cwm LLC’s holdings in Synopsys were worth $2,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SNPS. University of Texas Texas AM Investment Managment Co. acquired a new stake in Synopsys in the fourth quarter valued at $28,000. Jones Financial Companies Lllp grew its holdings in Synopsys by 233.3% during the 4th quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 42 shares during the period. Quarry LP grew its holdings in Synopsys by 63.1% during the 4th quarter. Quarry LP now owns 106 shares of the semiconductor company’s stock worth $55,000 after acquiring an additional 41 shares during the period. Keener Financial Planning LLC acquired a new stake in Synopsys during the 4th quarter worth about $56,000. Finally, Altshuler Shaham Ltd grew its holdings in Synopsys by 157.1% during the 4th quarter. Altshuler Shaham Ltd now owns 126 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 77 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SNPS shares. JPMorgan Chase & Co. raised their price target on shares of Synopsys from $650.00 to $655.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Rosenblatt Securities reissued a “buy” rating and set a $615.00 target price on shares of Synopsys in a research report on Thursday, May 23rd. Robert W. Baird lifted their target price on shares of Synopsys from $640.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Piper Sandler restated an “overweight” rating and set a $672.00 price target (up previously from $665.00) on shares of Synopsys in a research note on Thursday, May 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $660.00 price target on shares of Synopsys in a research note on Thursday, May 23rd. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $616.18.

Read Our Latest Stock Analysis on SNPS

Insider Buying and Selling at Synopsys

In other Synopsys news, insider John F. Runkel, Jr. sold 5,319 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John F. Runkel, Jr. sold 5,319 shares of the business’s 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 transaction, the insider now owns 20,000 shares in the company, valued at $11,587,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sassine Ghazi sold 10,294 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $582.41, for a total transaction of $5,995,328.54. Following the transaction, the chief executive officer now owns 62,568 shares in the company, valued at approximately $36,440,228.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,288 shares of company stock worth $13,527,485. 0.66% of the stock is currently owned by company insiders.

Synopsys Stock Up 1.2 %

Shares of NASDAQ SNPS traded up $7.59 during mid-day trading on Wednesday, reaching $620.31. 1,040,947 shares of the company were exchanged, compared to its average volume of 889,392. Synopsys, Inc. has a 52 week low of $416.87 and a 52 week high of $629.38. The stock has a market capitalization of $95.04 billion, a PE ratio of 67.43, a PEG ratio of 3.95 and a beta of 1.08. The company’s 50 day moving average price is $559.96 and its 200 day moving average price is $553.04.

Synopsys (NASDAQ:SNPSGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing the consensus estimate of $3.03 by ($0.03). The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.50 billion. Synopsys had a return on equity of 22.66% and a net margin of 23.05%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, sell-side analysts predict that Synopsys, Inc. will post 9.66 earnings per share for the current year.

Synopsys Profile

(Free Report)

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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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