Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,218 shares of the semiconductor company’s stock after acquiring an additional 1,051 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Synopsys were worth $984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Synopsys by 3.1% during the second quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock valued at $1,130,474,000 after buying an additional 469,622 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Synopsys by 3.0% during the second quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock valued at $311,973,000 after buying an additional 125,190 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Synopsys by 14,458.8% during the second quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock valued at $235,342,000 after buying an additional 3,204,792 shares during the last quarter. Swedbank raised its holdings in shares of Synopsys by 8.6% during the third quarter. Swedbank now owns 2,262,107 shares of the semiconductor company’s stock valued at $182,167,000 after buying an additional 179,528 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Synopsys by 79.9% during the third quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock valued at $170,509,000 after buying an additional 940,616 shares during the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Synopsys, Inc. (NASDAQ:SNPS) opened at $87.34 on Wednesday. Synopsys, Inc. has a 12 month low of $57.80 and a 12 month high of $94.80. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a market cap of $13,197.04, a P/E ratio of 71.90, a P/E/G ratio of 4.00 and a beta of 1.01.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The business had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts expect that Synopsys, Inc. will post 2.41 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on SNPS shares. reaffirmed an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Needham & Company LLC reiterated a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, August 21st. DA Davidson reiterated a “buy” rating and set a $105.00 price objective (up previously from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $120.00 price objective on shares of Synopsys in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $98.13.

In other Synopsys news, Director Chrysostomos L. Nikias sold 21,074 shares of Synopsys stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $1,892,023.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $90.33, for a total transaction of $451,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,824 shares of company stock worth $2,680,349. 1.82% of the stock is currently owned by company insiders.

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Synopsys 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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