Crossmark Global Holdings Inc. acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,726 shares of the semiconductor company’s stock, valued at approximately $783,000.
A number of other large investors have also recently bought and sold shares of SNPS. Janus Henderson Group PLC increased its stake in Synopsys by 14,458.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock valued at $235,342,000 after buying an additional 3,204,792 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Synopsys by 79.9% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock valued at $170,509,000 after buying an additional 940,616 shares during the last quarter. AJO LP increased its stake in Synopsys by 132.1% in the 2nd quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock valued at $105,685,000 after buying an additional 824,879 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Synopsys during the 2nd quarter valued at approximately $485,000. Finally, Vanguard Group Inc. grew its position in shares of Synopsys by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock valued at $1,130,474,000 after acquiring an additional 469,622 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Synopsys, Inc. (SNPS) opened at $87.82 on Tuesday. The company has a market cap of $13,113.62, a P/E ratio of 35.05, a P/E/G ratio of 3.97 and a beta of 1.00. Synopsys, Inc. has a fifty-two week low of $56.03 and a fifty-two week high of $87.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.
Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, August 16th. The semiconductor company reported $0.92 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. The company had revenue of $695.40 million during the quarter, compared to the consensus estimate of $691.22 million. Synopsys had a net margin of 12.37% and a return on equity of 11.60%. Synopsys’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. analysts predict that Synopsys, Inc. will post 1.93 earnings per share for the current year.
In related news, EVP Joseph W. Logan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.99, for a total value of $384,950.00. Following the completion of the transaction, the executive vice president now directly owns 63,793 shares of the company’s stock, valued at approximately $4,911,423.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Chi-Foon Chan sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $77.50, for a total transaction of $290,625.00. Following the completion of the transaction, the chief executive officer now directly owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on SNPS shares. Credit Suisse Group reissued an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, October 3rd. HSBC Holdings plc reissued an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. Royal Bank Of Canada increased their target price on shares of Synopsys from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Finally, BidaskClub raised shares of Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.25.
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Synopsys Company Profile
Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.
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