Macquarie Group Ltd. Purchases 107,627 Shares of Synopsys, Inc. (SNPS)
Macquarie Group Ltd. raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,902,891 shares of the semiconductor company’s stock after acquiring an additional 107,627 shares during the quarter. Macquarie Group Ltd. owned 1.27% of Synopsys worth $153,240,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its position in 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 acquiring an additional 147 shares in the last quarter. IFP Advisors Inc grew its position in shares of Synopsys by 40.4% during the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after buying an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Synopsys by 3.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after buying an additional 55 shares in the last quarter. Advisor Group Inc. grew its position in shares of Synopsys by 14.3% during the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after buying an additional 327 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Synopsys during the second quarter worth approximately $200,000. 89.78% of the stock is owned by institutional investors.
Shares of Synopsys, Inc. (NASDAQ SNPS) traded up $1.41 on Friday, reaching $89.04. The company had a trading volume of 1,219,300 shares, compared to its average volume of 1,051,079. Synopsys, Inc. has a 52-week low of $56.03 and a 52-week high of $89.23. The company has a market capitalization of $13,330.00, a PE ratio of 35.19, a PEG ratio of 3.99 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.
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 firm had revenue of $695.40 million for the quarter, compared to analysts’ expectations of $691.22 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. sell-side analysts predict that Synopsys, Inc. will post 1.93 EPS for the current year.
A number of research firms have recently weighed in on SNPS. Royal Bank Of Canada raised their price target on shares of Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, August 21st. BidaskClub raised shares of Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Needham & Company LLC reissued a “buy” rating and set a $83.00 price target (up previously from $77.00) on shares of Synopsys in a research report on Thursday, August 17th. Finally, Credit Suisse Group reissued a “positive” rating and set a $90.00 price target (up previously from $82.00) on shares of Synopsys in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $85.25.
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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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