Liontrust Investment Partners LLP Has $13.48 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Liontrust Investment Partners LLP lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,421 shares of the semiconductor company’s stock after selling 2,043 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Synopsys were worth $13,475,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SNPS. Brighton Jones LLC increased its position in shares of Synopsys by 5.7% during the 4th quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Synopsys by 19.2% during the 4th quarter. CreativeOne Wealth LLC now owns 2,681 shares of the semiconductor company’s stock worth $1,301,000 after purchasing an additional 431 shares in the last quarter. XTX Topco Ltd acquired a new stake in Synopsys in the 4th quarter valued at about $228,000. Jump Financial LLC acquired a new stake in Synopsys in the 4th quarter valued at about $453,000. Finally, Regal Investment Advisors LLC increased its position in Synopsys by 41.0% in the 4th quarter. Regal Investment Advisors LLC now owns 1,235 shares of the semiconductor company’s stock valued at $599,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SNPS shares. Stifel Nicolaus set a $550.00 price objective on shares of Synopsys in a research report on Monday, April 28th. Morgan Stanley restated an “overweight” rating and issued a $715.00 price objective (up previously from $540.00) on shares of Synopsys in a research report on Monday. Piper Sandler raised their price objective on shares of Synopsys from $615.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Needham & Company LLC restated a “buy” rating and issued a $660.00 price objective (up previously from $650.00) on shares of Synopsys in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group started coverage on shares of Synopsys in a research report on Thursday, July 10th. They issued a “buy” rating and a $620.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $630.67.

Insider Transactions at Synopsys

In other news, CFO Shelagh Glaser sold 7,310 shares of Synopsys stock in a transaction on Friday, June 6th. The shares were sold at an average price of $485.72, for a total transaction of $3,550,613.20. Following the transaction, the chief financial officer directly owned 15,291 shares of the company’s stock, valued at $7,427,144.52. This trade represents a 32.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $457.93, for a total transaction of $5,204,832.38. Following the transaction, the chief executive officer directly owned 71,589 shares in the company, valued at approximately $32,782,750.77. This represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,686 shares of company stock valued at $13,001,048 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

Synopsys Stock Down 0.4%

NASDAQ:SNPS opened at $616.36 on Friday. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $651.73. The company has a quick ratio of 6.85, a current ratio of 7.02 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $95.63 billion, a P/E ratio of 44.50, a P/E/G ratio of 4.09 and a beta of 1.15. The stock’s fifty day simple moving average is $556.26 and its 200-day simple moving average is $497.32.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, May 28th. The semiconductor company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.27. Synopsys had a return on equity of 17.09% and a net margin of 34.77%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company earned $3.00 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Synopsys, Inc. will post 10.64 earnings per share for the current 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.