461 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Kowal Investment Group LLC

Kowal Investment Group LLC acquired a new position in Synopsys, Inc. (NASDAQ:SNPSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 461 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new position in shares of Synopsys during the third quarter worth $27,000. OFI Invest Asset Management acquired a new position in shares of Synopsys during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Synopsys during the third quarter worth $29,000. Freedom Wealth Alliance LLC acquired a new position in shares of Synopsys in the 4th quarter valued at $26,000. Finally, VitalStone Financial LLC acquired a new position in shares of Synopsys in the 1st quarter valued at $30,000. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 0.3 %

Shares of SNPS opened at $571.50 on Monday. The firm has a market cap of $87.18 billion, a P/E ratio of 62.94, a PEG ratio of 3.24 and a beta of 1.06. Synopsys, Inc. has a 12 month low of $360.36 and a 12 month high of $629.38. The stock’s 50 day moving average is $564.05 and its two-hundred day moving average is $523.74.

Synopsys (NASDAQ:SNPSGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. Equities research analysts forecast that Synopsys, Inc. will post 10.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SNPS shares. Rosenblatt Securities reissued a “buy” rating and issued a $615.00 target price on shares of Synopsys in a research report on Thursday, March 21st. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company upped their target price on Synopsys from $620.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Needham & Company LLC reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Friday, March 22nd. Finally, Robert W. Baird upped their price target on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Synopsys presently has a consensus rating of “Buy” and a consensus target price of $594.60.

Read Our Latest Stock Report on Synopsys

Insider Activity

In related news, insider John F. Runkel, Jr. sold 2,508 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $506.18, for a total transaction of $1,269,499.44. Following the transaction, the insider now owns 26,780 shares of the company’s stock, valued at approximately $13,555,500.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CRO Richard S. Mahoney sold 9,065 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $494.70, for a total value of $4,484,455.50. Following the transaction, the executive now owns 1,617 shares in the company, valued at approximately $799,929.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John F. Runkel, Jr. sold 2,508 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $506.18, for a total value of $1,269,499.44. Following the transaction, the insider now owns 26,780 shares in the company, valued at approximately $13,555,500.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,586 shares of company stock valued at $19,868,728 in the last quarter. Insiders own 0.66% of the company’s stock.

Synopsys Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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