Donaldson Capital Management LLC Increases Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Donaldson Capital Management LLC increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,427 shares of the semiconductor company’s stock after buying an additional 537 shares during the period. Donaldson Capital Management LLC’s holdings in Synopsys were worth $338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. DNB Asset Management AS boosted its holdings in Synopsys by 2.2% during the fourth quarter. DNB Asset Management AS now owns 16,303 shares of the semiconductor company’s stock worth $2,269,000 after buying an additional 350 shares in the last quarter. Polianta Ltd purchased a new stake in Synopsys during the fourth quarter worth $1,155,000. Diversified Trust Co purchased a new stake in Synopsys during the fourth quarter worth $448,000. RBA Wealth Management LLC raised its position in Synopsys by 66.1% during the fourth quarter. RBA Wealth Management LLC now owns 3,718 shares of the semiconductor company’s stock worth $517,000 after acquiring an additional 1,480 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Synopsys by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 81,858 shares of the semiconductor company’s stock worth $11,393,000 after acquiring an additional 657 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on SNPS shares. JPMorgan Chase & Co. upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $157.00 to $160.00 in a research report on Thursday, December 12th. KeyCorp upped their price objective on shares of Synopsys from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. ValuEngine cut shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America started coverage on shares of Synopsys in a research report on Monday, September 23rd. They set a “buy” rating and a $171.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and set a $175.00 price objective on shares of Synopsys in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Synopsys has a consensus rating of “Buy” and a consensus target price of $156.44.

NASDAQ:SNPS opened at $148.19 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.91 and a current ratio of 0.99. The company has a fifty day moving average of $139.74 and a two-hundred day moving average of $136.78. The stock has a market capitalization of $22.57 billion, a PE ratio of 42.95, a P/E/G ratio of 3.09 and a beta of 1.18. Synopsys, Inc. has a fifty-two week low of $87.55 and a fifty-two week high of $150.53.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. The company had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $847.34 million. Synopsys had a net margin of 15.84% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. Research analysts forecast that Synopsys, Inc. will post 3.76 earnings per share for the current year.

In other news, CFO Trac Pham sold 10,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $139.52, for a total value of $1,395,200.00. Following the completion of the sale, the chief financial officer now directly owns 11,641 shares in the company, valued at $1,624,152.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.84% of the stock is owned by corporate insiders.

About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides 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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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