Synopsys, Inc. (NASDAQ:SNPS) Stock Position Raised by David J Yvars Group

David J Yvars Group raised its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 103.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,744 shares of the semiconductor company's stock after purchasing an additional 2,924 shares during the period. Synopsys accounts for approximately 1.8% of David J Yvars Group's holdings, making the stock its 18th biggest holding. David J Yvars Group's holdings in Synopsys were worth $2,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SNPS. ORG Partners LLC increased its stake in Synopsys by 600.0% during the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of Synopsys during the 2nd quarter valued at about $30,000. Pacifica Partners Inc. acquired a new stake in Synopsys during the third quarter worth about $25,000. Tsfg LLC lifted its holdings in Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 24 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Synopsys by 66.7% in the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 85.47% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SNPS shares. Needham & Company LLC reiterated a "buy" rating and set a $640.00 price target on shares of Synopsys in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on Synopsys from $655.00 to $685.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Berenberg Bank began coverage on shares of Synopsys in a research report on Tuesday, October 15th. They set a "buy" rating and a $660.00 price target for the company. Robert W. Baird lifted their price objective 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. Finally, Rosenblatt Securities reissued a "buy" rating and set a $635.00 target price on shares of Synopsys in a research note on Friday, August 23rd. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $643.00.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of Synopsys stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the transaction, the chief executive officer now owns 62,568 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company's stock.

Synopsys Stock Up 3.7 %

NASDAQ SNPS traded up $20.44 on Thursday, reaching $573.59. 1,097,618 shares of the stock traded hands, compared to its average volume of 1,068,097. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The firm's fifty day simple moving average is $505.80 and its 200 day simple moving average is $544.28. The company has a market cap of $88.11 billion, a price-to-earnings ratio of 59.51, a P/E/G ratio of 3.20 and a beta of 1.08.

Synopsys (NASDAQ:SNPS - Get Free Report) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $2.17 earnings per share. Synopsys's revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Synopsys, Inc. will post 9.45 EPS for the current fiscal year.

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.