ROI Financial Advisors LLC Makes New $330,000 Investment in Synopsys, Inc. (NASDAQ:SNPS)

ROI Financial Advisors LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 652 shares of the semiconductor company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC boosted its holdings in Synopsys by 600.0% in the 2nd quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Chris Bulman Inc bought a new stake in shares of Synopsys in the second quarter valued at approximately $30,000. Pacifica Partners Inc. acquired a new stake in Synopsys during the third quarter worth approximately $25,000. Tsfg LLC increased its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 24 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in Synopsys by 66.7% in the 2nd quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 24 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Stock Performance

Shares of SNPS stock opened at $557.96 on Thursday. The company has a market cap of $85.71 billion, a P/E ratio of 57.88, a PEG ratio of 3.37 and a beta of 1.08. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The stock has a 50 day simple moving average of $509.95 and a two-hundred day simple moving average of $545.30.

Synopsys (NASDAQ:SNPS) last issued its 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. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.17 EPS. On average, research analysts predict that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler dropped their price target on Synopsys from $687.00 to $670.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 price target on shares of Synopsys in a report on Friday, August 23rd. Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Robert W. Baird lifted their price target on Synopsys from $661.00 to $663.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Berenberg Bank assumed coverage on Synopsys in a research note on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price objective on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Synopsys currently has a consensus rating of “Buy” and an average target price of $649.82.

Insider Activity

In other Synopsys news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $553.89, for a total transaction of $5,701,189.77. Following the transaction, the chief executive officer now directly owns 62,568 shares in the company, valued at approximately $34,655,789.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

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.