Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,347 shares of the semiconductor company’s stock after purchasing an additional 5,397 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Synopsys were worth $46,773,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Synopsys by 2.4% in the first quarter. BlackRock Inc. now owns 13,083,698 shares of the semiconductor company’s stock valued at $3,241,878,000 after acquiring an additional 306,362 shares during the period. Parnassus Investments CA lifted its holdings in Synopsys by 0.3% in the fourth quarter. Parnassus Investments CA now owns 3,043,830 shares of the semiconductor company’s stock valued at $789,082,000 after acquiring an additional 8,976 shares during the period. Swedbank lifted its holdings in Synopsys by 0.5% in the fourth quarter. Swedbank now owns 1,964,721 shares of the semiconductor company’s stock valued at $504,756,000 after acquiring an additional 9,413 shares during the period. Norges Bank acquired a new position in Synopsys in the fourth quarter valued at approximately $383,608,000. Finally, Bank of New York Mellon Corp lifted its holdings in Synopsys by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,292,989 shares of the semiconductor company’s stock valued at $335,195,000 after acquiring an additional 30,811 shares during the period. 85.01% of the stock is owned by institutional investors.

In other news, insider Joseph W. Logan sold 6,054 shares of the stock in a transaction dated Friday, May 21st. The stock was sold at an average price of $246.40, for a total value of $1,491,705.60. Also, Director Chrysostomos L. Nikias sold 1,000 shares of the stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of $250.05, for a total value of $250,050.00. Following the completion of the transaction, the director now owns 23,232 shares in the company, valued at approximately $5,809,161.60. The disclosure for this sale can be found here. Insiders sold a total of 53,752 shares of company stock worth $13,022,679 in the last ninety days. 1.56% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on SNPS shares. UBS Group boosted their price target on Synopsys from $260.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, February 16th. KeyCorp upped their target price on Synopsys from $315.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. Royal Bank of Canada boosted their price target on Synopsys from $250.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 16th. Needham & Company LLC boosted their price target on Synopsys from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, February 18th. Finally, Rosenblatt Securities started coverage on Synopsys in a research report on Tuesday, June 1st. They set a “buy” rating and a $302.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Synopsys currently has a consensus rating of “Buy” and an average target price of $289.92.

SNPS opened at $262.07 on Friday. The business’s 50-day moving average price is $249.73. Synopsys, Inc. has a 12-month low of $176.15 and a 12-month high of $300.91. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a market cap of $39.99 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 3.91 and a beta of 1.04.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Tuesday, May 18th. The semiconductor company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.17. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $988.20 million. Synopsys had a return on equity of 16.58% and a net margin of 20.27%. Synopsys’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. On average, research analysts anticipate that Synopsys, Inc. will post 4.61 earnings per share for the current year.

Synopsys Profile

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