David J Yvars Group Has $1.45 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

David J Yvars Group increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 406.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,534 shares of the semiconductor company's stock after purchasing an additional 2,034 shares during the period. Synopsys accounts for approximately 1.0% of David J Yvars Group's holdings, making the stock its 21st largest position. David J Yvars Group's holdings in Synopsys were worth $1,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Norges Bank acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $1,272,143,000. Ameriprise Financial Inc. raised its position in shares of Synopsys by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 2,041,275 shares of the semiconductor company's stock valued at $925,744,000 after buying an additional 344,430 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Synopsys by 228.8% in the third quarter. Wellington Management Group LLP now owns 386,773 shares of the semiconductor company's stock valued at $177,517,000 after buying an additional 269,130 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Synopsys by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,551,092 shares of the semiconductor company's stock valued at $6,977,593,000 after buying an additional 203,601 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Synopsys by 25.8% during the fourth quarter. Van ECK Associates Corp now owns 929,376 shares of the semiconductor company's stock valued at $478,545,000 after purchasing an additional 190,330 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $4.65 during midday trading on Friday, hitting $605.53. 1,670,885 shares of the company traded hands, compared to its average volume of 832,624. Synopsys, Inc. has a 12-month low of $416.87 and a 12-month high of $629.38. The stock has a 50-day moving average price of $563.07 and a 200 day moving average price of $554.55. The firm has a market cap of $92.78 billion, a P/E ratio of 65.82, a P/E/G ratio of 3.94 and a beta of 1.08.

Synopsys (NASDAQ:SNPS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.03 by ($0.03). The company had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.50 billion. Synopsys had a net margin of 23.05% and a return on equity of 22.66%. Synopsys's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, equities analysts expect that Synopsys, Inc. will post 9.66 earnings per share for the current year.

Insider Transactions at Synopsys

In other news, insider John F. Runkel, Jr. sold 936 shares of the company's stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $566.97, for a total value of $530,683.92. Following the transaction, the insider now owns 20,000 shares in the company, valued at $11,339,400. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John F. Runkel, Jr. sold 5,319 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $579.37, for a total transaction of $3,081,669.03. Following the transaction, the insider now owns 20,000 shares in the company, valued at $11,587,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John F. Runkel, Jr. sold 936 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $566.97, for a total transaction of $530,683.92. Following the transaction, the insider now owns 20,000 shares in the company, valued at approximately $11,339,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,288 shares of company stock worth $13,527,485. Corporate insiders own 0.66% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SNPS. Piper Sandler reaffirmed an "overweight" rating and set a $672.00 target price (up previously from $665.00) on shares of Synopsys in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Synopsys from $650.00 to $655.00 and gave the stock an "overweight" rating in a research note on Thursday, May 23rd. Needham & Company LLC reissued a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a research note on Thursday, May 23rd. Robert W. Baird upped their price target on shares of Synopsys from $640.00 to $645.00 and gave the company an "outperform" rating in a research report on Thursday, May 23rd. Finally, StockNews.com raised shares of Synopsys from a "hold" rating to a "buy" rating in a research report on Monday, March 18th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, Synopsys presently has an average rating of "Buy" and a consensus price target of $616.18.

About Synopsys

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.