Northwest Funding Counselors LLC acquired a brand new place in Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the course of the third quarter, in accordance with its most up-to-date submitting with the SEC. The agency acquired 114 shares of the semiconductor firm’s inventory, valued at roughly $58,000.
Numerous different massive traders have additionally lately made modifications to their positions in SNPS. Swedbank AB purchased a brand new stake in shares of Synopsys in the course of the 1st quarter valued at about $1,051,637,000. Worth T Rowe Associates Inc. MD boosted its place in Synopsys by 39.6% in the course of the 1st quarter. Worth T Rowe Associates Inc. MD now owns 5,337,602 shares of the semiconductor firm’s inventory valued at $3,050,441,000 after buying a further 1,514,449 shares within the final quarter. GQG Companions LLC raised its place in shares of Synopsys by 91.6% within the 1st quarter. GQG Companions LLC now owns 2,095,100 shares of the semiconductor firm’s inventory price $1,197,350,000 after buying a further 1,001,371 shares within the final quarter. Sustainable Development Advisers LP bought a brand new place in shares of Synopsys within the 2nd quarter valued at roughly $572,050,000. Lastly, Capital World Traders grew its stake in Synopsys by 12.5% within the first quarter. Capital World Traders now owns 7,369,890 shares of the semiconductor firm’s inventory price $4,211,892,000 after buying a further 818,485 shares in the course of the interval. 85.47% of the inventory is at the moment owned by institutional traders.
Wall Road Analysts Forecast Development
SNPS has been the subject of plenty of current analysis stories. JPMorgan Chase & Co. upped their goal value on shares of Synopsys from $655.00 to $685.00 and gave the inventory an “chubby” ranking in a analysis report on Thursday, August twenty second. Piper Sandler reissued an “chubby” ranking and issued a $687.00 value goal on shares of Synopsys in a analysis report on Thursday, August twenty second. Berenberg Financial institution started protection on Synopsys in a analysis word on Tuesday, October fifteenth. They set a “purchase” ranking and a $660.00 value goal for the corporate. KeyCorp raised their value goal on Synopsys from $675.00 to $690.00 and gave the corporate an “chubby” ranking in a report on Thursday, June twenty seventh. Lastly, Rosenblatt Securities restated a “purchase” ranking and set a $635.00 value goal on shares of Synopsys in a analysis word on Friday, August twenty third. Eleven analysis analysts have rated the inventory with a purchase ranking, In line with knowledge from MarketBeat, the corporate presently has a consensus ranking of “Purchase” and a consensus value goal of $644.00.
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Synopsys Inventory Down 0.3 %
Shares of Synopsys inventory opened at $505.59 on Tuesday. Synopsys, Inc. has a twelve month low of $448.91 and a twelve month excessive of $629.38. The corporate’s 50 day transferring common is $511.71 and its 200 day transferring common is $547.12. The corporate has a market cap of $77.66 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of three.47 and a beta of 1.08.
Synopsys (NASDAQ:SNPS – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, August twenty first. The semiconductor firm reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.15. Synopsys had a return on fairness of twenty-two.09% and a internet margin of 24.06%. The agency had income of $1.53 billion for the quarter, in comparison with analysts’ expectations of $1.52 billion. Throughout the identical interval within the prior 12 months, the agency earned $2.17 EPS. The corporate’s income was up 12.7% in comparison with the identical quarter final 12 months. Promote-side analysts anticipate that Synopsys, Inc. will put up 9.45 EPS for the present fiscal 12 months.
Insider Shopping for and Promoting at Synopsys
In different information, CEO Sassine Ghazi offered 10,293 shares of the inventory in a transaction that occurred on Friday, August twenty third. The shares have been offered at a mean value of $553.89, for a complete worth of $5,701,189.77. Following the transaction, the chief govt officer now owns 62,568 shares within the firm, valued at $34,655,789.52. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which is on the market at this hyperlink. Company insiders personal 0.66% of the corporate’s inventory.
Synopsys Profile
Synopsys, Inc supplies digital design automation software program merchandise used to design and take a look at built-in circuits. It operates in three segments: Design Automation, Design IP, and Software program Integrity. The corporate gives Digital and Customized IC Design resolution that gives digital design implementation options; Verification resolution that provides digital prototyping, static and formal verification, simulation, emulation, discipline programmable gate array (FPGA)-based prototyping, and debug options; and FPGA design merchandise which might be programmed to carry out particular features.
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