Greenleaf Trust boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,343 shares of the semiconductor company’s stock after buying an additional 1,023 shares during the period. Greenleaf Trust’s holdings in Synopsys were worth $3,212,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Kingsview Wealth Management LLC acquired a new stake in shares of Synopsys in the first quarter worth $239,000. Concurrent Investment Advisors LLC bought a new stake in Synopsys in the 1st quarter valued at $218,000. Jacobs & Co. CA bought a new stake in Synopsys in the 3rd quarter valued at $10,554,000. Vontobel Holding Ltd. grew its position in Synopsys by 4.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 965,256 shares of the semiconductor company’s stock worth $488,796,000 after purchasing an additional 43,228 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Synopsys by 44.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,030 shares of the semiconductor company’s stock worth $2,303,000 after purchasing an additional 1,249 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Stock Down 1.8 %
Shares of Synopsys stock opened at $493.41 on Thursday. The stock has a market capitalization of $75.60 billion, a P/E ratio of 53.63, a price-to-earnings-growth ratio of 3.47 and a beta of 1.08. Synopsys, Inc. has a 12-month low of $448.91 and a 12-month high of $629.38. The company has a 50-day simple moving average of $510.44 and a 200 day simple moving average of $546.23.
Insiders Place Their Bets
In other news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.66% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on SNPS shares. Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Tuesday. Berenberg Bank began coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 target price for the company. KeyCorp raised their target price on Synopsys from $675.00 to $690.00 and gave the stock an “overweight” rating in a research report on Thursday, June 27th. Rosenblatt Securities reissued a “buy” rating and issued a $635.00 price target on shares of Synopsys in a report on Friday, August 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $687.00 price objective on shares of Synopsys in a report on Thursday, August 22nd. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys presently has an average rating of “Buy” and a consensus price target of $644.55.
View Our Latest Stock Analysis on SNPS
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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