Curi RMB Capital LLC Has $45.39 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Curi RMB Capital LLC lifted its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 89,641 shares of the semiconductor company’s stock after purchasing an additional 1,094 shares during the quarter. Synopsys accounts for approximately 1.0% of Curi RMB Capital LLC’s holdings, making the stock its 21st biggest holding. Curi RMB Capital LLC’s holdings in Synopsys were worth $45,393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB bought a new stake in Synopsys during the first quarter worth about $1,051,637,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Synopsys by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,337,602 shares of the semiconductor company’s stock worth $3,050,441,000 after acquiring an additional 1,514,449 shares in the last quarter. GQG Partners LLC grew its position in Synopsys by 91.6% during the 1st quarter. GQG Partners LLC now owns 2,095,100 shares of the semiconductor company’s stock worth $1,197,350,000 after acquiring an additional 1,001,371 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in Synopsys in the 2nd quarter valued at $572,050,000. Finally, Capital World Investors boosted its stake in Synopsys by 12.5% in the first quarter. Capital World Investors now owns 7,369,890 shares of the semiconductor company’s stock worth $4,211,892,000 after purchasing an additional 818,485 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SNPS. Robert W. Baird lifted their price objective on Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Tuesday, October 22nd. Berenberg Bank assumed coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 target price for the company. JPMorgan Chase & Co. increased their price target on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Mizuho initiated coverage on Synopsys in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective for the company. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $649.82.

Synopsys Trading Up 0.8 %

Synopsys stock opened at $557.96 on Thursday. The company has a market capitalization of $85.71 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 3.37 and a beta of 1.08. The stock’s 50 day moving average is $511.56 and its 200-day moving average is $545.39. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38.

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

Insider Activity

In other news, CEO Sassine Ghazi sold 10,293 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $553.89, for a total value of $5,701,189.77. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

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.