Cavalier Investments LLC Boosts Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Cavalier Investments LLC grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,080 shares of the semiconductor company’s stock after purchasing an additional 207 shares during the quarter. Cavalier Investments LLC’s holdings in Synopsys were worth $2,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SNPS. ORG Partners LLC lifted its stake in Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Chris Bulman Inc purchased a new position in Synopsys in the second quarter worth approximately $30,000. Pacifica Partners Inc. acquired a new stake in Synopsys during the third quarter worth approximately $25,000. Tsfg LLC increased its holdings in shares of Synopsys by 75.0% in the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 24 shares during the period. Finally, Fortitude Family Office LLC increased its holdings in shares of Synopsys by 66.7% in the 2nd quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Insider Activity at Synopsys

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of Synopsys stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the completion of the sale, the chief executive officer now directly owns 62,568 shares of the company’s stock, valued at approximately $34,655,789.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SNPS shares. Mizuho started coverage on shares of Synopsys in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Synopsys from $687.00 to $670.00 and set an “overweight” rating on the stock in a research report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Berenberg Bank started coverage on shares of Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $643.00.

Synopsys Stock Up 1.3 %

Synopsys stock opened at $501.58 on Monday. Synopsys, Inc. has a 52 week low of $448.91 and a 52 week high of $629.38. The firm’s 50-day simple moving average is $508.43 and its 200 day simple moving average is $545.08. The firm has a market capitalization of $77.05 billion, a PE ratio of 52.03, a P/E/G ratio of 3.52 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.28 by $0.15. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a net margin of 24.06% and a return on equity of 22.09%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 EPS. On average, research analysts expect that Synopsys, Inc. will post 9.45 EPS for the current fiscal year.

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.