Synopsys, Inc. (SNPS) Shares Sold by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,727 shares of the semiconductor company’s stock after selling 1,419 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Synopsys were worth $2,313,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Synopsys by 11.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 147 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Synopsys by 40.4% in the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Synopsys by 3.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 55 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 327 shares in the last quarter. Finally, Lakeview Capital Partners LLC purchased a new stake in shares of Synopsys in the third quarter valued at $215,000. Institutional investors own 89.52% of the company’s stock.
In related news, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $77.50, for a total transaction of $290,625.00. Following the completion of the sale, the chief executive officer now directly owns 200,429 shares in the company, valued at $15,533,247.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 63,793 shares of the company’s stock, valued at $4,911,423.07. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.
SNPS has been the subject of a number of research analyst reports. Credit Suisse Group restated an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Tuesday, October 3rd. HSBC Holdings plc restated an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Royal Bank Of Canada increased their target price on Synopsys from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Finally, BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $85.25.
Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $87.07 on Thursday. 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 1-year low of $56.03 and a 1-year high of $87.91. The stock has a market capitalization of $13,058.03, a price-to-earnings ratio of 34.90, a P/E/G ratio of 3.95 and a beta of 1.00.
Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The business had revenue of $695.40 million during the quarter, compared to analyst estimates of $691.22 million. During the same period last year, the company earned $0.76 earnings per share. Synopsys’s quarterly revenue was up 13.0% compared to the same quarter last year. analysts predict that Synopsys, Inc. will post 1.93 EPS for the current 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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