Gradient Investments LLC raised its position in Synopsys, Inc. (NASDAQ:SNPS) by 24.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,429 shares of the semiconductor company’s stock after purchasing an additional 2,856 shares during the quarter. Gradient Investments LLC’s holdings in Synopsys were worth $2,009,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fulton Breakefield Broenniman LLC boosted its holdings in Synopsys by 14.0% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 3,212 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 395 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Synopsys by 6.1% in the 4th quarter. Artemis Investment Management LLP now owns 149,436 shares of the semiconductor company’s stock valued at $20,782,000 after purchasing an additional 8,587 shares during the last quarter. Donaldson Capital Management LLC boosted its holdings in Synopsys by 28.4% in the 4th quarter. Donaldson Capital Management LLC now owns 2,427 shares of the semiconductor company’s stock valued at $338,000 after purchasing an additional 537 shares during the last quarter. DNB Asset Management AS boosted its holdings in Synopsys by 2.2% in the 4th quarter. DNB Asset Management AS now owns 16,303 shares of the semiconductor company’s stock valued at $2,269,000 after purchasing an additional 350 shares during the last quarter. Finally, Polianta Ltd acquired a new position in Synopsys in the 4th quarter valued at about $1,155,000. Institutional investors own 87.94% of the company’s stock.

Several equities analysts have weighed in on SNPS shares. DA Davidson reiterated a “buy” rating and issued a $175.00 target price on shares of Synopsys in a report on Thursday, December 5th. Bank of America started coverage on shares of Synopsys in a report on Monday, September 23rd. They issued a “buy” rating and a $171.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Synopsys from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $157.00 to $160.00 in a report on Thursday, December 12th. ValuEngine lowered shares of Synopsys from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, KeyCorp boosted their target price on shares of Synopsys from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $156.44.

In other news, CFO Trac Pham sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $139.52, for a total value of $1,395,200.00. Following the sale, the chief financial officer now directly owns 11,641 shares of the company’s stock, valued at approximately $1,624,152.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.84% of the stock is currently owned by insiders.

Synopsys stock opened at $147.91 on Thursday. The company’s 50 day simple moving average is $139.90 and its 200-day simple moving average is $136.90. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18. Synopsys, Inc. has a 1 year low of $88.22 and a 1 year high of $150.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.91 and a current ratio of 0.99.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $851.10 million for the quarter, compared to the consensus estimate of $847.34 million. Synopsys had a net margin of 15.84% and a return on equity of 13.54%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. Equities analysts expect that Synopsys, Inc. will post 3.76 earnings per share for the current year.

About Synopsys

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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