Aptus Capital Advisors LLC Purchases 22 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Aptus Capital Advisors LLC lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,447 shares of the semiconductor company’s stock after buying an additional 22 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Synopsys were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Synopsys by 600.0% during the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Chris Bulman Inc acquired a new stake in Synopsys in the 2nd quarter worth about $30,000. Pacifica Partners Inc. bought a new stake in Synopsys in the 3rd quarter valued at about $25,000. Tsfg LLC grew its position in shares of Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Synopsys by 66.7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 24 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Down 1.7 %

Shares of SNPS stock opened at $548.31 on Friday. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38. The stock’s fifty day simple moving average is $511.56 and its 200 day simple moving average is $545.39. The firm has a market capitalization of $84.23 billion, a P/E ratio of 57.57, a P/E/G ratio of 3.37 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.15. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.17 earnings per share. As a group, equities research analysts expect that Synopsys, Inc. will post 9.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SNPS shares. Piper Sandler cut their price target on Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Rosenblatt Securities reissued a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Friday, August 23rd. Needham & Company LLC restated a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Tuesday, October 22nd. Mizuho began coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a research note on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $649.82.

Insider Buying and Selling at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $553.89, for a total value of $5,701,189.77. Following the sale, the chief executive officer now owns 62,568 shares in the company, valued at approximately $34,655,789.52. The trade was a 14.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

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.