Fielder Capital Group LLC Acquires New Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Fielder Capital Group LLC bought a new position in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 403 shares of the semiconductor company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Machina Capital S.A.S. bought a new position in Synopsys during the fourth quarter worth about $1,200,000. Maryland State Retirement & Pension System raised its position in shares of Synopsys by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 11,825 shares of the semiconductor company’s stock worth $6,089,000 after purchasing an additional 221 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Synopsys by 9.7% during the 4th quarter. Private Advisor Group LLC now owns 4,572 shares of the semiconductor company’s stock valued at $2,354,000 after purchasing an additional 406 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of Synopsys in the 4th quarter valued at approximately $352,000. Finally, Spire Wealth Management increased its stake in Synopsys by 69.4% during the 4th quarter. Spire Wealth Management now owns 1,052 shares of the semiconductor company’s stock worth $544,000 after purchasing an additional 431 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Up 1.6 %

Shares of NASDAQ SNPS traded up $8.60 during trading hours on Monday, hitting $545.54. The company had a trading volume of 674,819 shares, compared to its average volume of 1,206,702. The stock has a market capitalization of $83.19 billion, a P/E ratio of 60.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.07. Synopsys, Inc. has a 1-year low of $365.46 and a 1-year high of $629.38. The firm’s 50 day moving average is $560.26 and its 200-day moving average is $538.45.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.75 earnings per share. On average, sell-side analysts predict that Synopsys, Inc. will post 9.78 earnings per share for the current year.

Insider Transactions at Synopsys

In related news, Director Roy Vallee sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was 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 approximately $11,453,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Synopsys news, insider John F. Runkel, Jr. sold 1,219 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 26,780 shares in the company, valued at $15,638,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roy Vallee sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $11,453,200. The disclosure for this sale can be found here. In the last three months, insiders sold 26,832 shares of company stock worth $15,464,992. 0.66% of the stock is owned by company insiders.

Analyst Ratings Changes

SNPS has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $615.00 price target on shares of Synopsys in a report on Thursday, March 21st. StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Piper Sandler began coverage on Synopsys in a report on Thursday, April 4th. They issued an “overweight” rating and a $665.00 price target on the stock. Robert W. Baird increased their price objective on Synopsys from $624.00 to $640.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $660.00 target price on shares of Synopsys in a research report on Friday, March 22nd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $601.00.

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.