Transamerica Financial Advisors Inc. raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,367 shares of the semiconductor company’s stock after acquiring an additional 357 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Synopsys were worth $368,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SNPS. Vanguard Group Inc increased its position in shares of Synopsys by 1.3% during the third quarter. Vanguard Group Inc now owns 15,851,502 shares of the semiconductor company’s stock valued at $1,563,115,000 after buying an additional 204,619 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Synopsys by 0.8% during the third quarter. Pictet Asset Management Ltd. now owns 3,277,858 shares of the semiconductor company’s stock valued at $323,230,000 after buying an additional 24,532 shares during the period. JPMorgan Chase & Co. increased its position in shares of Synopsys by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 3,125,440 shares of the semiconductor company’s stock valued at $308,202,000 after buying an additional 90,267 shares during the period. Deutsche Bank AG increased its position in shares of Synopsys by 50.3% during the third quarter. Deutsche Bank AG now owns 1,925,800 shares of the semiconductor company’s stock valued at $189,896,000 after buying an additional 644,307 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Synopsys by 32.1% during the third quarter. Wells Fargo & Company MN now owns 1,340,021 shares of the semiconductor company’s stock valued at $132,140,000 after buying an additional 325,570 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “strong-buy” rating and set a $105.00 price target on the stock in a research report on Monday, December 10th. Needham & Company LLC boosted their price objective on shares of Synopsys from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, December 6th. Benchmark raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 6th. Finally, Berenberg Bank initiated coverage on shares of Synopsys in a research note on Tuesday, November 20th. They set a “buy” rating and a $119.00 price objective on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $109.25.

In other news, Chairman Geus Aart De sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $89.34, for a total value of $4,467,000.00. Following the transaction, the chairman now owns 23,757 shares in the company, valued at $2,122,450.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Chi-Foon Chan sold 3,611 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of $88.28, for a total transaction of $318,779.08. Following the completion of the transaction, the chief executive officer now owns 198,633 shares in the company, valued at approximately $17,535,321.24. The disclosure for this sale can be found here. Insiders have sold 73,611 shares of company stock worth $6,569,379 in the last three months. 1.84% of the stock is currently owned by insiders.

NASDAQ:SNPS traded up $0.01 during mid-day trading on Monday, hitting $99.43. 16,290 shares of the company’s stock were exchanged, compared to its average volume of 1,047,601. Synopsys, Inc. has a one year low of $79.14 and a one year high of $103.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.68. The firm has a market capitalization of $14.86 billion, a P/E ratio of 35.24, a PEG ratio of 3.73 and a beta of 1.24.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, December 5th. The semiconductor company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.41 by $0.37. Synopsys had a net margin of 13.86% and a return on equity of 16.91%. The business had revenue of $795.08 million for the quarter, compared to analyst estimates of $794.55 million. On average, equities research analysts expect that Synopsys, Inc. will post 2.67 earnings per share for the current fiscal year.

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Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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