2 weeks Ago By ABMN Staff
Seaport Global Advisors LLC purchased a new position in shares of Synopsys, Inc. ( NASDAQ:SNPS – Free Report ) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,263 shares of the semiconductor company’s stock, valued at approximately $752,000.
Synopsys makes up approximately 2.7% of Seaport Global Advisors LLC’s holdings, making the stock its 15th largest position. Several other institutional investors and hedge funds have also added to or reduced their stakes in SNPS.
Vanguard Group Inc. increased its stake in shares of Synopsys by 2.1% in the 1st quarter.
Vanguard Group Inc. now owns 13,829,357 shares of the semiconductor company’s stock valued at $7,903,478,000 after buying an additional 278,265 shares during the period. Capital World Investors increased its position in Synopsys by 12.
5% in the first quarter. Capital World Investors now owns 7,369,890 shares of the semiconductor company’s stock worth $4,211,892,000 after purchasing an additional 818,485 shares during the period. Price T Rowe Associates Inc.
MD increased its position in Synopsys by 39.6% in the first quarter. Price T Rowe Associates Inc.
MD now owns 5,337,602 shares of the semiconductor company’s stock worth $3,050,441,000 after purchasing an additional 1,514,449 shares during the period. GQG Partners LLC raised its holdings in Synopsys by 91.6% during the 1st quarter.
GQG Partners LLC now owns 2,095,100 shares of the semiconductor company’s stock worth $1,197,350,000 after purchasing an additional 1,001,371 shares during the last quarter. Finally, Swedbank AB lifted its position in Synopsys by 1.4% during the 2nd quarter.
Swedbank AB now owns 1,866,133 shares of the semiconductor company’s stock valued at $1,110,461,000 after purchasing an additional 25,999 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Stock Performance NASDAQ SNPS opened at $513.31 on Monday. The stock has a market cap of $78.
65 billion, a price-to-earnings ratio of 55.79, a PEG ratio of 3.34 and a beta of 1.
08. The business has a 50 day simple moving average of $518.53 and a 200 day simple moving average of $554.
36. Synopsys, Inc. has a 52-week low of $445.
07 and a 52-week high of $629.38. Analyst Ratings Changes A number of equities research analysts recently weighed in on SNPS shares.
KeyCorp boosted their price target on shares of Synopsys from $675.00 to $690.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th.
JPMorgan Chase & Co. upped their target price on shares of Synopsys from $655.00 to $685.
00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Thursday, August 22nd.
Robert W. Baird lifted their price objective on Synopsys from $661.00 to $663.
00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $635.00 target price on shares of Synopsys in a research note on Friday, August 23rd.
Ten 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 $638.00. Read Our Latest Analysis on Synopsys Insider Transactions at Synopsys In related news, insider Geus Aart De sold 5,448 shares of Synopsys stock in a transaction that occurred on Monday, July 8th.
The stock was sold at an average price of $620.95, for a total value of $3,382,935.60.
Following the sale, the insider now owns 106,983 shares of the company’s stock, valued at approximately $66,431,093.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link .
In other news, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $553.89, for a total transaction of $5,701,189.
77. Following the completion of the transaction, the chief executive officer now directly owns 62,568 shares in the company, valued at approximately $34,655,789.52.
The transaction was disclosed in a document filed with the SEC, which is available at this link . Also, insider Geus Aart De sold 5,448 shares of Synopsys stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $620.
95, for a total value of $3,382,935.60. Following the completion of the sale, the insider now directly owns 106,983 shares in the company, valued at approximately $66,431,093.
85. The disclosure for this sale can be found here . Insiders sold 55,424 shares of company stock valued at $33,625,711 over the last three months.
Company insiders own 0.66% of the company’s stock. Synopsys Company 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. Read More Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.
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