Strategic Blueprint LLC bought a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 561 shares of the semiconductor company’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors have also bought and sold shares of SNPS. Freedom Wealth Alliance LLC bought a new stake in Synopsys during the fourth quarter valued at approximately $26,000. Ancora Advisors LLC bought a new position in Synopsys in the fourth quarter worth approximately $30,000. Kistler Tiffany Companies LLC bought a new position in Synopsys in the fourth quarter worth approximately $32,000. Compagnie Lombard Odier SCmA raised its position in Synopsys by 470.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 94 shares during the period. Finally, Dark Forest Capital Management LP raised its position in Synopsys by 5,850.0% in the fourth quarter. Dark Forest Capital Management LP now owns 119 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 117 shares during the period. Institutional investors own 85.44% of the company’s stock.
Insider Transactions at Synopsys
In other news, CEO Geus Aart De sold 40,839 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $428.18, for a total value of $17,486,443.02. Following the completion of the sale, the chief executive officer now owns 94,421 shares in the company, valued at approximately $40,429,183.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Geus Aart De sold 40,839 shares of Synopsys stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $428.18, for a total transaction of $17,486,443.02. Following the completion of the sale, the chief executive officer now owns 94,421 shares in the company, valued at approximately $40,429,183.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John F. Runkel, Jr. sold 2,142 shares of Synopsys stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $413.03, for a total transaction of $884,710.26. Following the sale, the insider now owns 25,147 shares of the company’s stock, valued at approximately $10,386,465.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,964 shares of company stock worth $60,784,338. 0.69% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Synopsys Stock Performance
SNPS opened at $451.71 on Friday. The stock has a market capitalization of $68.75 billion, a price-to-earnings ratio of 76.17, a PEG ratio of 3.93 and a beta of 1.13. The company has a fifty day moving average of $431.87 and a 200 day moving average of $386.23. Synopsys, Inc. has a fifty-two week low of $267.00 and a fifty-two week high of $468.03.
Synopsys (NASDAQ:SNPS – Get Free Report) last posted its earnings results on Wednesday, May 17th. The semiconductor company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Synopsys had a net margin of 17.41% and a return on equity of 16.29%. Synopsys’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.89 earnings per share. On average, equities research analysts forecast that Synopsys, Inc. will post 7.52 earnings per share for the current year.
Synopsys Profile
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. 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.
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