GHP Investment Advisors reduces stake in Synopsys, but analysts see promising future

Financial Advisors

Institutional investor GHP Investment Advisors Inc. recently withdrew from its stake in Synopsys, Inc. The latest 13F filings with the U.S. government reveal that Synopsys’ stake fell 1.1% in the fourth quarter. Securities and Exchange Commission. GHP Investment Advisors Inc.’s investment portfolio includes approximately 0.7% of Synopsys shares, according to reports, making it the company’s 27th largest holding. However, this statistic does not diminish the importance of this industrial hub in any way. That’s because, by the end of the most recent quarter, he held $10.922 million worth of shares in this industrial hub.

While this state of affairs is common for institutional investors, it is important to keep in mind that future developments are indicators of a company’s financial stability. Last May, Synopsys took the time to conduct a thorough analysis across the earnings reporting process and found that his earnings per share (EPS) for the quarter was $2.54. This beats analysts’ consensus expectations by $0.07. Analysts expect the outlook to be excellent, with revenues for the quarter reaching about $1.4 billion and expectations for revenues for the current year increasing.

For those not familiar enough with the synopsis background details. Synopsys is committed to providing software products and consulting services dedicated to addressing the electronic design automation industry through two major segments: semiconductor and system design; software integrity through EDA initiatives and IP building programming practices; Comprehensive for emerging business ventures in both. Enterprises to cloud-based systems, including computerized circuit representations showing intelligent innovations accessible to enterprises worldwide where the ability to set up electronic infrastructure is a key factor for skyrocketing future business success rates Now more than ever, we need to understand that there is more interest among people than ever before.

So while Synopsys’ latest developments so far are noteworthy alongside new approaches within the company’s diverse portfolio, Synopsys will continue to grow as it progresses and grows within similar industry niches of its kind. , will continue to expand these innovative practices. However, as a result of this unique situation, shareholders must proceed cautiously with optimism. We can also expect to see future projections likely to exceed expectations and to see longevity in the modern digital age develop further at this level.

Synopsys, Inc.


strong buy

Updated: 2023/06/15

target price

the current $446.37

consensus $406.75

low $340.00

Median $420.00

expensive $445.00

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social feelings

No social sentiment data found for this stock

Analyst Rating

Analyst/Corporate evaluation
Rosenblatt Securities sell
Robert W. Baird sell
Rosenblatt Securities sell
Needham sell
Rosenblatt Securities sell

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Institutional Investors and Hedge Funds Show Interest in Synopsys Stock

Semiconductor company Synopsys has forced a number of institutional investors and hedge funds to change their stakes in the company. This includes Cibc World Market Inc., which increased its stake by 58.8% in the first quarter, and after acquiring an additional 4,402 of his shares during the same period, he now has 11,893 shares and 3,964,000 shares. I own a dollar worth. In addition, Prudential PLC and Sequoia Financial Advisors LLC both purchased approximately $993,000 and $240,000 worth of new stock in the company during the first quarter. Covestor Ltd increased his shareholding by 18.9% and after he acquired 43 shares, he owns 271 shares worth $90,000. Finally, Mather Group LLC increased its stake by 64.4% in the first quarter. They now own 1,680 shares of the company worth $560,000 after purchasing an additional 658 shares.

NASDAQ: SNPS opened Thursday at $446.05, with a market cap of $67.89 billion and a beta of 1.17, indicating high volatility for investors. At 75.22 P/E and 3.83 P/E, the business has maintained a stable trading pattern over the past year, with record lows of $267 and highs of $468.

Synopsys provides software products and consulting services to companies working in the electronic design automation industry across two major segments: the Systems Design segment, which includes EDA, IP, Systems Integration, and Software Integrity products. Known for

CEO Geus Aart De sold 40,000 of his personal holdings on June 6 at an average price of $445.42 per share, resulting in a total transaction value of about $17 million, and even after this recent sale. It became a hot topic recently because it continued to hold nearly twice that amount.

Insider John F. Rankel also sold 1,831 shares of the company on May 30, receiving an average price of $455 per share and profiting nearly $833,000 on the transaction. In the past three months alone, insiders have sold more than 51,000 shares of his company stock worth $22.81 million, and corporate insiders only hold a share of the entire company. Only 0.69% of him.

Various analysts have also commented on Synopsys’ results. Robert W. Baird raised his price target to $447 from $445, while gave the company a Buy rating, indicating high confidence in the semiconductor company’s future growth potential. Needham & Company LLC previously gave Synopsys a buy rating, raising its price target from $420 to $450.

Wells Fargo & Co. raised its price target on Synopsys from $410 to $420, while Rosenblatt Securities surged with a more ambitious forecast to raise its price target on Synopsys from $420 to $448. . Bloomberg reports that the overall consensus among analysts is a “soft buy” valuation with an average price target set at about $434.70, suggesting that investors will expect the semiconductor giant to move into the third quarter and beyond. It shows that we still have faith in our ability to sustain steady growth.

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