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Bensler LLC Purchases 958 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Synopsys logo with Computer and Technology background

Bensler LLC boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,723 shares of the semiconductor company's stock after purchasing an additional 958 shares during the quarter. Bensler LLC's holdings in Synopsys were worth $4,924,000 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 the company. ORG Partners LLC raised its stake in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys during the 2nd quarter valued at about $30,000. Pacifica Partners Inc. purchased a new position in shares of Synopsys during the third quarter valued at approximately $25,000. Tsfg LLC lifted its position in Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 24 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in Synopsys by 66.7% in the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 24 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Down 2.0 %

NASDAQ SNPS traded down $11.32 on Friday, reaching $562.27. The company had a trading volume of 518,160 shares, compared to its average volume of 1,065,441. The stock has a market capitalization of $86.37 billion, a PE ratio of 58.27, a price-to-earnings-growth ratio of 3.37 and a beta of 1.08. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The firm's 50 day moving average price is $505.80 and its 200 day moving average price is $544.28.

Synopsys (NASDAQ:SNPS - Get Free Report) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.15. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $2.17 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect that Synopsys, Inc. will post 9.45 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNPS shares. JPMorgan Chase & Co. raised their price target on Synopsys from $655.00 to $685.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price target on shares of Synopsys from $661.00 to $663.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Rosenblatt Securities restated a "buy" rating and set a $635.00 target price on shares of Synopsys in a research report on Friday, August 23rd. Piper Sandler dropped their price target on shares of Synopsys from $687.00 to $670.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, Mizuho began coverage on Synopsys in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $643.00.

Read Our Latest Report on Synopsys

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of Synopsys stock in a transaction on 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 of the company's stock, valued at $34,655,789.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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