Synopsys, Inc. (NASDAQ:SNPS) Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL reduced its stake in Synopsys, Inc. (NASDAQ:SNPS) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,432 shares of the semiconductor company’s stock after selling 15,558 shares during the period. Blair William & Co. IL’s holdings in Synopsys were worth $16,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Synopsys during the fourth quarter valued at about $298,000. Loomis Sayles & Co. L P boosted its position in shares of Synopsys by 176.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 227 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 145 shares in the last quarter. NEOS Investment Management LLC grew its stake in shares of Synopsys by 19.2% in the 4th quarter. NEOS Investment Management LLC now owns 15,318 shares of the semiconductor company’s stock worth $7,435,000 after purchasing an additional 2,470 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Synopsys by 149.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 68,953 shares of the semiconductor company’s stock valued at $33,467,000 after purchasing an additional 41,316 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Synopsys by 10.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 257,128 shares of the semiconductor company’s stock worth $126,947,000 after buying an additional 24,346 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Geus Aart De sold 15,705 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the sale, the insider now owns 116,671 shares of the company’s stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,909 shares of company stock worth $22,794,835. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Redburn Atlantic initiated coverage on Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 target price on the stock. Piper Sandler decreased their price target on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Robert W. Baird cut their price objective on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley decreased their target price on shares of Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Synopsys Stock Down 1.9 %

SNPS stock opened at $437.95 on Friday. The company has a 50 day moving average of $485.62 and a two-hundred day moving average of $505.27. The company has a market cap of $67.72 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12-month low of $425.73 and a 12-month high of $624.80.

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.