Cambridge Investment Research Advisors Inc. Acquires 690 Shares of Synopsys, Inc. (SNPS)

Cambridge Investment Research Advisors Inc. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 8.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,298 shares of the semiconductor company’s stock after purchasing an additional 690 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Synopsys were worth $749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AXA grew its stake in shares of Synopsys by 22.8% in the second quarter. AXA now owns 704,528 shares of the semiconductor company’s stock valued at $51,382,000 after buying an additional 130,700 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of Synopsys in the second quarter valued at $448,000. AJO LP grew its stake in shares of Synopsys by 132.1% in the second quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock valued at $105,685,000 after buying an additional 824,879 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Synopsys by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock valued at $311,973,000 after buying an additional 125,190 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Synopsys by 14,458.8% in the second quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock valued at $235,342,000 after buying an additional 3,204,792 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) opened at $89.34 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 52-week low of $56.03 and a 52-week high of $89.81. The company has a market cap of $13,423.13, a price-to-earnings ratio of 35.88, a price-to-earnings-growth ratio of 4.06 and a beta of 1.00.

Several research firms recently weighed in on SNPS. Royal Bank Of Canada raised their target price on shares of Synopsys from $100.00 to $110.00 and gave the company a “top pick” rating in a research note on Wednesday. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, October 3rd. Credit Suisse Group reissued an “outperform” rating on shares of Synopsys in a research note on Thursday, August 31st. reissued an “average” rating on shares of Synopsys in a research note on Thursday, September 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $83.00 target price (up from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.50.

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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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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