7,070 Shares in Synopsys, Inc. (NASDAQ:SNPS) Acquired by Troluce Capital Advisors LLC

Troluce Capital Advisors LLC bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,070 shares of the semiconductor company’s stock, valued at approximately $3,431,000. Synopsys comprises about 0.1% of Troluce Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding.

Other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in Synopsys in the 4th quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Synopsys in the 4th quarter valued at $34,000. Sierra Ocean LLC acquired a new position in Synopsys in the 4th quarter valued at $39,000. Hazlett Burt & Watson Inc. grew its holdings in Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 20 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Synopsys by 50.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 98 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 33 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Synopsys Stock Down 0.0%

Shares of SNPS stock opened at $514.43 on Friday. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $624.80. The company has a market cap of $79.54 billion, a P/E ratio of 35.43, a P/E/G ratio of 3.23 and a beta of 1.16. The business has a fifty day simple moving average of $444.44 and a 200 day simple moving average of $489.13.

Analysts Set New Price Targets

A number of research analysts have commented on SNPS shares. Wells Fargo & Company decreased their price objective on Synopsys from $540.00 to $520.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. Bank of America reduced their target price on Synopsys from $630.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Piper Sandler reduced their target price on Synopsys from $655.00 to $653.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Mizuho reduced their target price on Synopsys from $650.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $660.00 target price on shares of Synopsys in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $613.43.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $463.75, for a total value of $5,270,982.50. Following the completion of the transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This trade represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the transaction, the insider now owns 116,671 shares of the company’s stock, valued at $51,850,925.82. This represents a 11.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

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.