Asset Management One Co. Ltd. lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,820 shares of the semiconductor company’s stock after purchasing an additional 100,565 shares during the period. Asset Management One Co. Ltd. owned 0.22% of Synopsys worth $26,726,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Synopsys by 223.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 148,705 shares of the semiconductor company’s stock valued at $11,975,000 after purchasing an additional 102,767 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Synopsys by 31.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 171,639 shares of the semiconductor company’s stock worth $13,822,000 after acquiring an additional 40,894 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Synopsys by 7.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 21,614 shares of the semiconductor company’s stock worth $1,740,000 after acquiring an additional 1,483 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Synopsys by 2.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 42,500 shares of the semiconductor company’s stock worth $3,437,000 after acquiring an additional 900 shares during the last quarter. Finally, Graticule Asia Macro Advisors LLC acquired a new position in Synopsys during the 3rd quarter worth $5,214,000. 89.82% of the stock is owned by institutional investors and hedge funds.
SNPS has been the subject of a number of research analyst reports. reissued an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. J P Morgan Chase & Co reissued an “average” rating on shares of Synopsys in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $83.00 target price (up previously from $77.00) on shares of Synopsys in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, August 21st. Finally, DA Davidson reissued a “buy” rating and set a $105.00 target price (up previously from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $98.13.
In other news, EVP Joseph W. Logan sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $90.33, for a total transaction of $451,650.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,824 shares of company stock worth $2,680,349. Insiders own 1.82% of the company’s stock.
Synopsys, Inc. (SNPS) opened at $90.51 on Monday. Synopsys, Inc. has a twelve month low of $58.58 and a twelve month high of $94.80. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $13,616.78, a PE ratio of 74.19, a PEG ratio of 4.42 and a beta of 1.01.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.12. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The company had revenue of $696.60 million for the quarter, compared to the consensus estimate of $650.72 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. equities research analysts forecast that Synopsys, Inc. will post 2.24 earnings per share for the current year.
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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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