Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by Citigroup Inc.

Citigroup Inc. increased its holdings in Synopsys, Inc. (NASDAQ:SNPSGet Rating) by 90.5% during the 4th quarter, HoldingsChannel reports. The fund owned 181,214 shares of the semiconductor company’s stock after acquiring an additional 86,081 shares during the quarter. Citigroup Inc.’s holdings in Synopsys were worth $66,777,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in shares of Synopsys by 54.3% in the fourth quarter. ProShare Advisors LLC now owns 295,306 shares of the semiconductor company’s stock worth $108,821,000 after acquiring an additional 103,979 shares in the last quarter. Jackson Square Capital LLC lifted its stake in shares of Synopsys by 153.6% in the fourth quarter. Jackson Square Capital LLC now owns 4,369 shares of the semiconductor company’s stock worth $1,610,000 after acquiring an additional 2,646 shares in the last quarter. Lbmc Investment Advisors LLC raised its stake in Synopsys by 912.4% during the third quarter. Lbmc Investment Advisors LLC now owns 15,712 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 14,160 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in Synopsys by 52.1% during the fourth quarter. NN Investment Partners Holdings N.V. now owns 44,064 shares of the semiconductor company’s stock valued at $16,238,000 after buying an additional 15,085 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Synopsys by 22.9% during the fourth quarter. SG Americas Securities LLC now owns 10,942 shares of the semiconductor company’s stock valued at $4,032,000 after buying an additional 2,036 shares in the last quarter. Institutional investors and hedge funds own 84.71% of the company’s stock.

NASDAQ:SNPS opened at $275.99 on Friday. The firm has a market capitalization of $42.25 billion, a PE ratio of 47.75, a price-to-earnings-growth ratio of 2.86 and a beta of 1.21. The stock has a 50 day moving average of $302.90 and a 200-day moving average of $321.52. Synopsys, Inc. has a 52 week low of $229.04 and a 52 week high of $377.60.

Synopsys (NASDAQ:SNPSGet Rating) last posted its earnings results on Wednesday, February 16th. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Synopsys had a net margin of 20.18% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. On average, sell-side analysts forecast that Synopsys, Inc. will post 5.63 EPS for the current fiscal year.

Separately, StockNews.com cut Synopsys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $385.78.

In related news, CEO Chi-Foon Chan sold 12,570 shares of the stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $289.25, for a total value of $3,635,872.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Joseph W. Logan sold 86,973 shares of the stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $289.40, for a total value of $25,169,986.20. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Synopsys Profile (Get Rating)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that 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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