Wolff Wiese Magana LLC Has $561,000 Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Wolff Wiese Magana LLC lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,107 shares of the semiconductor company’s stock after buying an additional 25 shares during the period. Wolff Wiese Magana LLC’s holdings in Synopsys were worth $561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. increased its holdings in Synopsys by 4.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 965,256 shares of the semiconductor company’s stock worth $488,796,000 after purchasing an additional 43,228 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of Synopsys by 1.6% during the third quarter. Sumitomo Life Insurance Co. now owns 8,858 shares of the semiconductor company’s stock worth $4,486,000 after purchasing an additional 137 shares during the last quarter. Tsfg LLC grew its holdings in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 24 shares during the last quarter. PFG Advisors increased its stake in shares of Synopsys by 4.7% in the third quarter. PFG Advisors now owns 4,986 shares of the semiconductor company’s stock valued at $2,525,000 after buying an additional 224 shares during the period. Finally, NBC Securities Inc. raised its holdings in Synopsys by 9.7% in the 3rd quarter. NBC Securities Inc. now owns 4,245 shares of the semiconductor company’s stock valued at $2,149,000 after buying an additional 374 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Price Performance

NASDAQ SNPS opened at $501.35 on Thursday. The stock has a market capitalization of $76.81 billion, a P/E ratio of 54.49, a P/E/G ratio of 3.64 and a beta of 1.08. The business has a 50 day simple moving average of $512.58 and a 200 day simple moving average of $548.71. Synopsys, Inc. has a one year low of $448.91 and a one year high of $629.38.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, topping 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm posted $2.17 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts expect that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Insider Buying and Selling at Synopsys

In other news, CEO Sassine Ghazi sold 10,293 shares of the stock in a transaction dated 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 owns 62,568 shares of the company’s stock, valued at $34,655,789.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SNPS shares. Needham & Company LLC reissued a “buy” rating and set a $640.00 target price on shares of Synopsys in a report on Thursday, August 22nd. KeyCorp increased their price objective on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a report on Thursday, June 27th. Robert W. Baird lifted their target price on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price target on shares of Synopsys in a research report on Friday, August 23rd. Finally, Berenberg Bank assumed coverage on Synopsys in a research report on Tuesday. They set a “buy” rating and a $660.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $644.00.

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.