Toronto Dominion Bank increased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 25.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,922 shares of the semiconductor company’s stock after purchasing an additional 10,271 shares during the quarter. Toronto Dominion Bank’s holdings in Synopsys were worth $3,714,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its position 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 worth $101,000 after purchasing an additional 147 shares during the last quarter. IFP Advisors Inc increased its position in shares of Synopsys by 40.4% during 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 last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Synopsys by 3.7% during 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 last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Synopsys by 101.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,216 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Synopsys by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 327 shares during the period. 88.83% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 200,429 shares in the company, valued at $15,533,247.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.99, for a total value of $384,950.00. Following the completion of the sale, 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.

A number of equities analysts recently commented on SNPS shares. Credit Suisse Group restated an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, HSBC Holdings plc restated an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $84.00.

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Synopsys, Inc. (NASDAQ SNPS) opened at 84.32 on Friday. The stock has a market capitalization of $12.67 billion, a PE ratio of 39.59 and a beta of 1.00. Synopsys, Inc. has a one year low of $56.03 and a one year high of $85.00. The company’s 50-day moving average price is $81.28 and its 200-day moving average price is $76.39.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. The company had revenue of $695.40 million during the quarter, compared to analyst estimates of $691.22 million. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Equities research analysts predict that Synopsys, Inc. will post $3.31 EPS for the current year.

About Synopsys

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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