Coldstream Capital Management Inc. Purchases 328 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Coldstream Capital Management Inc. boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,501 shares of the semiconductor company’s stock after acquiring an additional 328 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Synopsys were worth $1,488,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Andina Capital Management LLC lifted its position in Synopsys by 2.8% in the 2nd quarter. Andina Capital Management LLC now owns 664 shares of the semiconductor company’s stock valued at $395,000 after acquiring an additional 18 shares in the last quarter. Cascade Financial Partners LLC lifted its position in Synopsys by 4.9% in the 2nd quarter. Cascade Financial Partners LLC now owns 389 shares of the semiconductor company’s stock valued at $232,000 after acquiring an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Synopsys by 40.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 20 shares in the last quarter. Ignite Planners LLC lifted its position in Synopsys by 3.5% in the 1st quarter. Ignite Planners LLC now owns 596 shares of the semiconductor company’s stock valued at $344,000 after acquiring an additional 20 shares in the last quarter. Finally, Monument Capital Management lifted its position in Synopsys by 1.1% in the 1st quarter. Monument Capital Management now owns 1,880 shares of the semiconductor company’s stock valued at $1,074,000 after acquiring an additional 20 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Insider Activity at Synopsys

In related news, insider Geus Aart De sold 4,212 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $600.05, for a total value of $2,527,410.60. Following the transaction, the insider now owns 106,983 shares in the company, valued at approximately $64,195,149.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Synopsys news, insider Geus Aart De sold 4,212 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $600.05, for a total value of $2,527,410.60. Following the completion of the sale, the insider now owns 106,983 shares of the company’s stock, valued at approximately $64,195,149.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 10,293 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $553.89, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,687 shares of company stock worth $44,616,637. Insiders own 0.66% of the company’s stock.

Synopsys Price Performance

Synopsys stock opened at $481.50 on Thursday. Synopsys, Inc. has a fifty-two week low of $440.62 and a fifty-two week high of $629.38. The firm has a market capitalization of $73.77 billion, a PE ratio of 52.34, a P/E/G ratio of 3.06 and a beta of 1.08. The company’s 50-day moving average is $541.91 and its 200-day moving average is $560.49.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 EPS for the quarter, beating 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $2.17 EPS. Synopsys’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, analysts expect that Synopsys, Inc. will post 9.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNPS. Piper Sandler reaffirmed an “overweight” rating and issued a $687.00 price objective on shares of Synopsys in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price target on shares of Synopsys from $655.00 to $685.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. KeyCorp boosted their price target on shares of Synopsys from $675.00 to $690.00 and gave the stock an “overweight” rating in a research report on Thursday, June 27th. Needham & Company LLC reissued a “buy” rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, August 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $635.00 price target on shares of Synopsys in a research report on Friday, August 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Synopsys has an average rating of “Buy” and an average price target of $630.09.

About Synopsys

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.