Commerzbank Aktiengesellschaft FI trimmed its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 51.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,370 shares of the semiconductor company’s stock after selling 7,812 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Synopsys were worth $594,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SNPS. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 147 shares in the last quarter. IFP Advisors Inc increased its stake in Synopsys by 40.4% in the 2nd 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 increased its stake in Synopsys by 3.7% in the 2nd 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. increased its stake in Synopsys by 14.3% in the 2nd 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 in the 2nd quarter worth approximately $200,000. 89.94% of the stock is currently owned by institutional investors.
A number of brokerages have commented on SNPS. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of Synopsys in a research note on Thursday, November 30th. J P Morgan Chase & Co reaffirmed an “average” rating on shares of Synopsys in a research note on Thursday. Needham & Company LLC lifted their price target on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $106.00 price target (up from $86.00) on shares of Synopsys in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $98.13.
Synopsys, Inc. (NASDAQ:SNPS) opened at $90.51 on Friday. The company has a market capitalization of $13,589.70, a P/E ratio of 74.04, a price-to-earnings-growth ratio of 4.42 and a beta of 1.01. Synopsys, Inc. has a 12 month low of $58.58 and a 12 month high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. equities analysts predict that Synopsys, Inc. will post 2.24 earnings per share for the current fiscal year.
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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