Trilogy Capital Inc. Buys 1,103 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Trilogy Capital Inc. grew its stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 58.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,001 shares of the semiconductor company's stock after purchasing an additional 1,103 shares during the period. Trilogy Capital Inc.'s holdings in Synopsys were worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Swedbank AB bought a new position in Synopsys during the 1st quarter valued at about $1,051,637,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Synopsys by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,337,602 shares of the semiconductor company's stock worth $3,050,441,000 after acquiring an additional 1,514,449 shares in the last quarter. GQG Partners LLC grew its position in Synopsys by 91.6% during the 1st quarter. GQG Partners LLC now owns 2,095,100 shares of the semiconductor company's stock worth $1,197,350,000 after acquiring an additional 1,001,371 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in Synopsys during the 2nd quarter valued at $572,050,000. Finally, Capital World Investors raised its position in Synopsys by 12.5% in the 1st quarter. Capital World Investors now owns 7,369,890 shares of the semiconductor company's stock valued at $4,211,892,000 after purchasing an additional 818,485 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho started coverage on Synopsys in a research note on Tuesday. They issued an "outperform" rating and a $650.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $640.00 price objective on shares of Synopsys in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Synopsys from $655.00 to $685.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Berenberg Bank initiated coverage on shares of Synopsys in a research report on Tuesday, October 15th. They set a "buy" rating and a $660.00 target price on the stock. Finally, KeyCorp raised their price target on shares of Synopsys from $675.00 to $690.00 and gave the company an "overweight" rating in a report on Thursday, June 27th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $644.55.

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 of the company's stock, valued at approximately $34,655,789.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Synopsys Price Performance

Shares of Synopsys stock traded down $3.18 on Tuesday, hitting $502.41. 770,056 shares of the company's stock traded hands, compared to its average volume of 1,077,703. The firm's 50-day moving average price is $511.19 and its two-hundred day moving average price is $546.60. The stock has a market capitalization of $77.18 billion, a PE ratio of 52.12, a price-to-earnings-growth ratio of 3.47 and a beta of 1.08. Synopsys, Inc. has a one year low of $448.91 and a one year high of $629.38.

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

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.