Banco Bilbao Vizcaya Argentaria S.A. Has $8.45 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,398 shares of the semiconductor company's stock after selling 1,886 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Synopsys were worth $8,449,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new position in Synopsys in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in shares of Synopsys during the fourth quarter worth $33,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Synopsys during the 4th quarter worth $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys during the fourth quarter worth about $39,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Synopsys by 28.6% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 20 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Up 3.8 %

Synopsys stock traded up $16.80 during trading hours on Tuesday, reaching $460.77. 1,401,229 shares of the stock were exchanged, compared to its average volume of 1,277,347. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The company has a market cap of $71.24 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 3.23 and a beta of 1.23. The stock has a 50 day moving average of $435.52 and a two-hundred day moving average of $491.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SNPS shares. Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a "buy" rating and a $600.00 price objective on the stock. Piper Sandler reduced their price target on Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Bank of America decreased their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. KeyCorp cut their price target on Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $613.43.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares of the company's stock, valued at $32,890,077.50. This trade represents a 13.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

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.