Chicago Equity Partners LLC Cuts Stake in Synopsys, Inc. (SNPS)

Chicago Equity Partners LLC lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,595 shares of the semiconductor company’s stock after selling 11,050 shares during the period. Chicago Equity Partners LLC’s holdings in Synopsys were worth $2,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 period. Ameriprise Financial Inc. increased its stake 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 period. Janus Henderson Group PLC boosted its position in 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 purchasing an additional 3,204,792 shares in the last quarter. Swedbank boosted its position in 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 purchasing an additional 179,528 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in 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 purchasing an additional 940,616 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $77.50, for a total value of $290,625.00. Following the completion of the sale, the chief executive officer now owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $76.99, for a total value of $384,950.00. Following the completion of the sale, the executive vice president now directly owns 63,793 shares of the company’s stock, valued at approximately $4,911,423.07. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by company insiders.

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Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $87.28 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13,113.62, a PE ratio of 35.05, a price-to-earnings-growth ratio of 3.97 and a beta of 1.00. Synopsys, Inc. has a twelve month low of $56.03 and a twelve month high of $87.91.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $695.40 million during the quarter, compared to the consensus estimate of $691.22 million. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. sell-side analysts forecast that Synopsys, Inc. will post 1.93 EPS for the current year.

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and raised their price objective for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Tuesday, October 3rd. HSBC Holdings plc reaffirmed an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.25.

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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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