Osterweis Capital Management Inc. acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 67,599 shares of the semiconductor company’s stock, valued at approximately $30,154,000. Synopsys makes up 1.4% of Osterweis Capital Management Inc.’s holdings, making the stock its 28th largest position.
A number of other hedge funds have also made changes to their positions in SNPS. Foronjy Financial LLC lifted its position in shares of Synopsys by 5.2% in the fourth quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 22 shares in the last quarter. AGH Wealth Advisors LLC increased its position in shares of Synopsys by 4.4% during the first quarter. AGH Wealth Advisors LLC now owns 569 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 24 shares in the last quarter. Hardy Reed LLC raised its stake in Synopsys by 0.8% in the 4th quarter. Hardy Reed LLC now owns 3,309 shares of the semiconductor company’s stock valued at $1,554,000 after purchasing an additional 25 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Synopsys by 16.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 26 shares during the last quarter. Finally, MCF Advisors LLC lifted its holdings in Synopsys by 17.8% in the 4th quarter. MCF Advisors LLC now owns 172 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Stock Down 0.8%
NASDAQ SNPS opened at $394.51 on Tuesday. Synopsys, Inc. has a 52 week low of $366.00 and a 52 week high of $615.79. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $418.53 and its 200-day simple moving average is $439.92. The firm has a market cap of $75.54 billion, a PE ratio of 91.32, a P/E/G ratio of 2.34 and a beta of 1.23.
Wall Street Analyst Weigh In
Several brokerages have issued reports on SNPS. Rosenblatt Securities lifted their target price on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wells Fargo & Company reduced their target price on shares of Synopsys from $535.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. Benchmark reissued a “buy” rating on shares of Synopsys in a research note on Wednesday, August 19th. Robert W. Baird set a $558.00 price target on shares of Synopsys in a research report on Thursday, May 28th. Finally, Citigroup upped their price objective on shares of Synopsys from $600.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $563.59.
Get Our Latest Stock Report on SNPS
Insider Activity
In other news, CEO Sassine Ghazi sold 14,603 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $458.96, for a total transaction of $6,702,192.88. Following the completion of the sale, the chief executive officer owned 75,020 shares in the company, valued at $34,431,179.20. This trade represents a 16.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Shelagh Glaser sold 3,394 shares of Synopsys stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $450.02, for a total transaction of $1,527,367.88. Following the sale, the chief financial officer directly owned 14,358 shares in the company, valued at approximately $6,461,387.16. The trade was a 19.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.56% of the company’s stock.
Synopsys Profile
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
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