B. Metzler seel. Sohn & Co. Holding AG Makes New $46.54 Million Investment in Synopsys, Inc. (NASDAQ:SNPS)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 91,907 shares of the semiconductor company’s stock, valued at approximately $46,541,000.

Other hedge funds have also recently bought and sold shares of the company. Princeton Capital Management LLC raised its holdings in shares of Synopsys by 79.4% in the third quarter. Princeton Capital Management LLC now owns 854 shares of the semiconductor company’s stock valued at $432,000 after purchasing an additional 378 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Synopsys by 44.3% in the third quarter. Meeder Asset Management Inc. now owns 114 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 35 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Synopsys by 6.9% in the third quarter. Pathstone Holdings LLC now owns 19,078 shares of the semiconductor company’s stock valued at $9,661,000 after purchasing an additional 1,225 shares during the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of Synopsys by 14.8% in the third quarter. Meeder Advisory Services Inc. now owns 4,890 shares of the semiconductor company’s stock valued at $2,476,000 after purchasing an additional 632 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Synopsys by 7.9% in the third quarter. Strengthening Families & Communities LLC now owns 6,445 shares of the semiconductor company’s stock valued at $3,264,000 after purchasing an additional 474 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

NASDAQ:SNPS opened at $523.98 on Tuesday. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The company has a market cap of $80.49 billion, a P/E ratio of 54.35, a P/E/G ratio of 3.18 and a beta of 1.08. The firm’s fifty day moving average price is $515.34 and its two-hundred day moving average price is $545.52.

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

Insider Activity at Synopsys

In related news, CEO Sassine Ghazi sold 10,293 shares of the company’s stock in a transaction dated 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 directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. This represents a 14.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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 report on Thursday, August 22nd. Rosenblatt Securities restated a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Friday, August 23rd. Mizuho assumed coverage on shares of Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 target price on the stock. Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Tuesday, October 22nd. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $649.82.

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.