E Fund Management Hong Kong Co. Ltd. raised its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 8,000.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243 shares of the semiconductor company’s stock after buying an additional 240 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Synopsys were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC purchased a new stake in shares of Synopsys in the first quarter valued at about $239,000. Davidson Capital Management Inc. raised its holdings in shares of Synopsys by 33,828.6% in the third quarter. Davidson Capital Management Inc. now owns 4,750 shares of the semiconductor company’s stock valued at $2,405,000 after purchasing an additional 4,736 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Synopsys in the first quarter valued at about $218,000. Jacobs & Co. CA purchased a new stake in shares of Synopsys in the third quarter valued at about $10,554,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Synopsys by 4.7% in the third quarter. Vontobel Holding Ltd. now owns 965,256 shares of the semiconductor company’s stock valued at $488,796,000 after purchasing an additional 43,228 shares during the last quarter. 85.47% of the stock is owned by institutional investors.
Insider Buying and Selling at Synopsys
In other news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the completion of the sale, the chief executive officer now owns 62,568 shares of the company’s stock, valued at approximately $34,655,789.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on SNPS
Synopsys Trading Up 1.4 %
SNPS stock opened at $536.42 on Thursday. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The firm has a market capitalization of $82.40 billion, a P/E ratio of 55.65, a price-to-earnings-growth ratio of 3.52 and a beta of 1.08. The firm has a 50 day moving average of $506.07 and a 200-day moving average of $544.36.
Synopsys (NASDAQ:SNPS – Get Free Report) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.15. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $2.17 earnings per share. Synopsys’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts predict that Synopsys, Inc. will post 9.45 EPS for the current year.
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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