Everpar Advisors LLC Purchases New Stake in Synopsys, Inc. (NASDAQ:SNPS)

Everpar Advisors LLC purchased a new stake in shares of Synopsys, Inc. (NASDAQ:SNPS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,485 shares of the semiconductor company’s stock, valued at approximately $765,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted its position in Synopsys by 2.5% during the fourth quarter. Mission Wealth Management LP now owns 780 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 19 shares during the period. Fred Alger Management LLC boosted its position in shares of Synopsys by 1.8% in the third quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock valued at $528,000 after acquiring an additional 20 shares during the period. Obermeyer Wood Investment Counsel Lllp boosted its position in shares of Synopsys by 2.6% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 859 shares of the semiconductor company’s stock valued at $394,000 after acquiring an additional 22 shares during the period. Mather Group LLC. boosted its position in shares of Synopsys by 0.7% in the fourth quarter. Mather Group LLC. now owns 3,155 shares of the semiconductor company’s stock valued at $1,625,000 after acquiring an additional 22 shares during the period. Finally, Synovus Financial Corp boosted its position in shares of Synopsys by 0.7% in the third quarter. Synovus Financial Corp now owns 3,370 shares of the semiconductor company’s stock valued at $1,547,000 after acquiring an additional 23 shares during the period. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Up 0.7 %

Shares of SNPS stock traded up $4.07 during trading hours on Tuesday, hitting $549.61. 759,157 shares of the company’s stock were exchanged, compared to its average volume of 1,201,616. The company has a market capitalization of $83.82 billion, a PE ratio of 60.53, a PEG ratio of 3.14 and a beta of 1.07. Synopsys, Inc. has a 12-month low of $365.46 and a 12-month high of $629.38. The business’s 50 day simple moving average is $559.77 and its 200-day simple moving average is $539.03.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.13. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business earned $1.75 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. Equities analysts anticipate that Synopsys, Inc. will post 9.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNPS. Piper Sandler began coverage on shares of Synopsys in a research report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research report on Friday, March 22nd. Robert W. Baird raised their target price on shares of Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Finally, StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $601.00.

Insider Transactions at Synopsys

In related news, Director Roy Vallee sold 10,000 shares of Synopsys stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total value of $5,726,600.00. Following the sale, the director now owns 20,000 shares in the company, valued at $11,453,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Roy Vallee sold 10,000 shares of Synopsys stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $572.66, for a total value of $5,726,600.00. Following the sale, the director now owns 20,000 shares in the company, valued at $11,453,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John F. Runkel, Jr. sold 1,219 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $583.95, for a total transaction of $711,835.05. Following the sale, the insider now owns 26,780 shares in the company, valued at approximately $15,638,181. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,832 shares of company stock worth $15,464,992. Insiders own 0.66% of the company’s stock.

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.