Great Valley Advisor Group Inc. Boosts Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Great Valley Advisor Group Inc. raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,837 shares of the semiconductor company’s stock after buying an additional 2,243 shares during the period. Great Valley Advisor Group Inc.’s holdings in Synopsys were worth $4,475,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SNPS. ORG Partners LLC lifted its position in shares of Synopsys by 600.0% during the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Synopsys during the third quarter valued at approximately $25,000. Tsfg LLC lifted its holdings in Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 24 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of Synopsys in the second quarter worth $30,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Performance

Shares of SNPS opened at $565.07 on Friday. The stock has a market capitalization of $86.80 billion, a PE ratio of 58.62, a P/E/G ratio of 3.40 and a beta of 1.08. The company’s fifty day moving average is $520.78 and its 200 day moving average is $545.66. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Friday, August 23rd. Wells Fargo & Company initiated coverage on Synopsys in a research report on Friday. They set an “equal weight” rating and a $570.00 target price for the company. Robert W. Baird boosted their price target on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Mizuho began coverage on shares of Synopsys in a report on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $644.36.

Synopsys Company 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.