Tealwood Asset Management Inc. Takes $1.78 Million Position in Synopsys, Inc. $SNPS

Tealwood Asset Management Inc. bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,477 shares of the semiconductor company’s stock, valued at approximately $1,783,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake 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 acquiring an additional 50 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Synopsys by 9.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,472 shares of the semiconductor company’s stock valued at $631,000 after purchasing an additional 132 shares during the period. Rhumbline Advisers boosted its position in shares of Synopsys by 3.0% in the 1st quarter. Rhumbline Advisers now owns 299,628 shares of the semiconductor company’s stock valued at $128,495,000 after purchasing an additional 8,601 shares during the period. Czech National Bank boosted its position in shares of Synopsys by 6.6% in the 1st quarter. Czech National Bank now owns 35,504 shares of the semiconductor company’s stock valued at $15,226,000 after purchasing an additional 2,197 shares during the period. Finally, NBC Securities Inc. boosted its holdings in shares of Synopsys by 120,800.0% in the first quarter. NBC Securities Inc. now owns 3,627 shares of the semiconductor company’s stock worth $1,555,000 after buying an additional 3,624 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Trading Down 1.3%

Shares of NASDAQ:SNPS opened at $481.61 on Tuesday. The firm has a market capitalization of $89.46 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 5.51 and a beta of 1.14. 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 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $569.52 and a two-hundred day moving average of $509.38.

Insider Buying and Selling at Synopsys

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $500.90, for a total transaction of $4,945,385.70. Following the completion of the sale, the chief accounting officer owned 20,520 shares of the company’s stock, valued at $10,278,468. This represents a 32.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert G. Painter acquired 350 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the acquisition, the director owned 2,291 shares in the company, valued at $974,683.04. This trade represents a 18.03% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 30,894 shares of company stock valued at $16,760,783. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

SNPS has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Synopsys from $715.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, September 11th. Wall Street Zen lowered shares of Synopsys from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. decreased their target price on Synopsys from $685.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group decreased their target price on Synopsys from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Wednesday, September 10th. Finally, Mizuho decreased their price objective on Synopsys from $700.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $585.33.

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.