Ownership Capital B.V. Decreases Stake in Synopsys, Inc. (NASDAQ:SNPS)

Ownership Capital B.V. trimmed its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 17.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,375 shares of the semiconductor company's stock after selling 20,390 shares during the period. Synopsys accounts for 1.5% of Ownership Capital B.V.'s portfolio, making the stock its 22nd largest holding. Ownership Capital B.V. owned approximately 0.06% of Synopsys worth $48,297,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. First Personal Financial Services grew its stake in shares of Synopsys by 384.6% in the 3rd quarter. First Personal Financial Services now owns 630 shares of the semiconductor company's stock worth $319,000 after buying an additional 500 shares in the last quarter. Field & Main Bank boosted its stake in shares of Synopsys by 7.2% during the 3rd quarter. Field & Main Bank now owns 1,134 shares of the semiconductor company's stock worth $574,000 after purchasing an additional 76 shares during the period. Tompkins Financial Corp boosted its stake in shares of Synopsys by 7.8% during the 3rd quarter. Tompkins Financial Corp now owns 7,613 shares of the semiconductor company's stock worth $3,855,000 after purchasing an additional 552 shares during the period. Assetmark Inc. boosted its stake in shares of Synopsys by 4.3% during the 3rd quarter. Assetmark Inc. now owns 15,903 shares of the semiconductor company's stock worth $8,053,000 after purchasing an additional 650 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Synopsys by 32.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 567 shares of the semiconductor company's stock worth $287,000 after purchasing an additional 139 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Synopsys Price Performance

Synopsys stock traded down $12.04 during mid-day trading on Friday, reaching $561.55. 967,233 shares of the company traded hands, compared to its average volume of 967,543. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The company has a market capitalization of $86.26 billion, a price-to-earnings ratio of 58.25, a price-to-earnings-growth ratio of 3.42 and a beta of 1.08. The firm's fifty day moving average is $507.77 and its two-hundred day moving average is $544.93.

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

Analyst Ratings Changes

SNPS has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $640.00 price target on shares of Synopsys in a research note on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $635.00 price target on shares of Synopsys in a research note 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 for the company in a research note on Thursday, October 24th. Berenberg Bank started coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a "buy" rating and a $660.00 price objective for the company. Finally, Mizuho started coverage on shares of Synopsys in a report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 price objective for the company. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Synopsys has a consensus rating of "Buy" and a consensus target price of $643.00.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the 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 transaction, the chief executive officer now directly owns 62,568 shares of the company's stock, valued at $34,655,789.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

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.