SG Americas Securities LLC cut its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 81.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,450 shares of the semiconductor company’s stock after selling 62,182 shares during the quarter. SG Americas Securities LLC’s holdings in Synopsys were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SNPS. Cypress Wealth Advisors LLC lifted its stake in Synopsys by 1.7% during the first quarter. Cypress Wealth Advisors LLC now owns 4,763 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 81 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Synopsys by 3.2% during the first quarter. Pacer Advisors Inc. now owns 2,861 shares of the semiconductor company’s stock worth $206,000 after purchasing an additional 88 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Synopsys by 6.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,487 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 92 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Synopsys by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the semiconductor company’s stock worth $678,000 after purchasing an additional 100 shares during the last quarter. Finally, Robecosam AG lifted its stake in Synopsys by 10.0% during the first quarter. Robecosam AG now owns 2,200 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 200 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently weighed in on SNPS. BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada restated an “outperform” rating and set a $85.00 target price (up previously from $77.00) on shares of Synopsys in a research note on Thursday, May 18th. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Monday, August 21st. J P Morgan Chase & Co restated an “average” rating on shares of Synopsys in a research note on Friday, May 26th. Finally, Pacific Crest restated an “overweight” rating and set a $86.00 target price (up previously from $78.00) on shares of Synopsys in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.38.

In other news, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction that occurred on Friday, August 18th. The stock was 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 approximately $15,533,247.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.99, for a total value 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 company insiders.

Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at 80.41 on Monday. The firm has a 50-day moving average price of $77.24 and a 200-day moving average price of $73.90. The stock has a market cap of $12.08 billion, a PE ratio of 37.75 and a beta of 0.99. Synopsys, Inc. has a 52 week low of $56.03 and a 52 week high of $80.70.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The firm had revenue of $695.40 million during the quarter, compared to analyst estimates of $691.22 million. During the same quarter last year, the firm earned $0.76 EPS. Synopsys’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts forecast that Synopsys, Inc. will post $3.31 earnings per share for the current fiscal year.

Synopsys announced that its Board of Directors has initiated a stock repurchase program on Friday, June 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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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