Swiss National Bank increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 778,236 shares of the semiconductor company’s stock after acquiring an additional 7,200 shares during the quarter. Swiss National Bank owned about 517,960.73% of Synopsys worth $62,671,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in Synopsys by 11.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 147 shares during the period. IFP Advisors Inc raised its stake in Synopsys by 40.4% during the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 415 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Synopsys by 3.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 55 shares during the period. Advisor Group Inc. raised its stake in Synopsys by 14.3% during the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 327 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in Synopsys during the second quarter worth about $200,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.
In related news, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $77.50, for a total value of $290,625.00. Following the completion of the transaction, the chief executive officer now owns 200,429 shares in the company, valued at $15,533,247.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $76.99, for a total transaction of $384,950.00. Following the completion of the transaction, the executive vice president now owns 63,793 shares of the company’s stock, valued at approximately $4,911,423.07. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by insiders.
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Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $87.28 on Monday. The stock has a market cap of $13,113.62, a P/E ratio of 35.05, a PEG ratio of 3.97 and a beta of 1.00. Synopsys, Inc. has a 52 week low of $56.03 and a 52 week high of $87.91. 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 results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $695.40 million for 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%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. sell-side analysts anticipate that Synopsys, Inc. will post 1.93 earnings per share for the current fiscal year.
SNPS has been the topic of a number of analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a research note on Thursday, August 31st. Royal Bank Of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and lifted their target price for the stock from $90.00 to $100.00 in a research note on Wednesday, October 25th. BidaskClub raised shares of Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, HSBC Holdings plc reaffirmed an “average” rating on shares of Synopsys in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Synopsys currently has a consensus rating of “Buy” and a consensus price target of $85.25.
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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