Synopsys, Inc. (SNPS) Stake Increased by Sei Investments Co.

Sei Investments Co. grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,933 shares of the semiconductor company’s stock after buying an additional 31,801 shares during the quarter. Sei Investments Co. owned about 0.14% of Synopsys worth $16,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sawtooth Solutions LLC lifted its holdings in shares of Synopsys by 0.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,220 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 9 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Synopsys by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,767 shares of the semiconductor company’s stock valued at $494,000 after buying an additional 18 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Synopsys by 3.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares during the period. Ifrah Financial Services Inc. lifted its holdings in shares of Synopsys by 1.2% in the 2nd quarter. Ifrah Financial Services Inc. now owns 5,204 shares of the semiconductor company’s stock valued at $380,000 after buying an additional 62 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Synopsys by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the semiconductor company’s stock valued at $678,000 after buying an additional 100 shares during the period. 89.78% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on SNPS shares. BidaskClub raised Synopsys from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Credit Suisse Group reaffirmed a “positive” rating and set a $90.00 price objective (up from $82.00) on shares of Synopsys in a report on Tuesday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $83.00 price objective (up from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Royal Bank Of Canada lifted their price objective on Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research cut Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Synopsys presently has an average rating of “Buy” and a consensus target price of $85.25.

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Synopsys, Inc. (NASDAQ:SNPS) opened at $87.63 on Thursday. The stock has a market capitalization of $13,185.74, a price-to-earnings ratio of 35.24, a P/E/G ratio of 3.99 and a beta of 1.00. Synopsys, Inc. has a 1-year low of $56.03 and a 1-year high of $88.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

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

In other news, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 63,793 shares of the company’s stock, valued at $4,911,423.07. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.

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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