UBS Group AG Reduces Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

UBS Group AG lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 17.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,205 shares of the semiconductor company’s stock after selling 52,097 shares during the quarter. UBS Group AG’s holdings in Synopsys were worth $59,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SNPS. Liberty Wealth Management LLC boosted its stake in Synopsys by 92.3% in the 4th quarter. Liberty Wealth Management LLC now owns 100 shares of the semiconductor company’s stock worth $26,000 after buying an additional 48 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Synopsys during the 4th quarter worth approximately $28,000. Baillie Gifford & Co. purchased a new stake in Synopsys during the 4th quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in Synopsys during the 1st quarter worth approximately $36,000. Finally, Newfound Research LLC purchased a new stake in Synopsys during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 85.01% of the company’s stock.

In other news, Director Chrysostomos L. Nikias sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of $250.05, for a total transaction of $250,050.00. Following the completion of the sale, the director now owns 23,232 shares in the company, valued at $5,809,161.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph W. Logan sold 6,054 shares of the business’s stock in a transaction that occurred on Friday, May 21st. The stock was sold at an average price of $246.40, for a total value of $1,491,705.60. In the last ninety days, insiders sold 53,752 shares of company stock worth $13,022,679. 1.56% of the stock is owned by company insiders.

A number of research analysts recently commented on the company. Rosenblatt Securities assumed coverage on Synopsys in a research note on Tuesday, June 1st. They set a “buy” rating and a $302.00 price objective for the company. DA Davidson upped their price objective on Synopsys from $285.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, February 18th. Needham & Company LLC upped their price objective on Synopsys from $275.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, February 18th. Royal Bank of Canada boosted their target price on Synopsys from $250.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 16th. Finally, KeyCorp boosted their target price on Synopsys from $315.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. One investment 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. The company currently has an average rating of “Buy” and a consensus price target of $289.92.

NASDAQ:SNPS opened at $262.07 on Friday. Synopsys, Inc. has a 12-month low of $176.15 and a 12-month high of $300.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.19 and a quick ratio of 1.09. The company has a market cap of $39.99 billion, a price-to-earnings ratio of 50.89, a P/E/G ratio of 3.91 and a beta of 1.04. The business has a fifty day moving average of $249.73.

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