Capital International Ltd. CA Increases Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Capital International Ltd. CA boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,073 shares of the semiconductor company's stock after buying an additional 2,407 shares during the period. Capital International Ltd. CA's holdings in Synopsys were worth $21,391,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kieckhefer Group LLC bought a new stake in Synopsys during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC purchased a new position in Synopsys during the 4th quarter worth $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Synopsys in the 4th quarter worth $34,000. Sierra Ocean LLC bought a new stake in shares of Synopsys in the fourth quarter valued at about $39,000. Finally, Hazlett Burt & Watson Inc. increased its position in 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 during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Synopsys Stock Performance

Shares of SNPS traded up $11.96 during midday trading on Wednesday, hitting $425.36. The company had a trading volume of 399,258 shares, compared to its average volume of 1,087,832. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $624.80. The firm has a market capitalization of $65.77 billion, a P/E ratio of 29.29, a P/E/G ratio of 3.23 and a beta of 1.23. The company's 50-day simple moving average is $441.91 and its 200-day simple moving average is $493.85.

Analysts Set New Price Targets

A number of research firms have weighed in on SNPS. Redburn Atlantic initiated coverage on Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 target price for the company. Bank of America dropped their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company lowered their target price on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Mizuho lowered their price objective on Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $618.31.

Synopsys 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.