Dupont Capital Management Corp reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 86.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,620 shares of the semiconductor company’s stock after selling 30,658 shares during the quarter. Dupont Capital Management Corp’s holdings in Synopsys were worth $394,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Synopsys in the fourth quarter worth $124,000. Advisor Group Inc. increased its stake in shares of Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 327 shares during the last quarter. Conning Inc. acquired a new position in shares of Synopsys in the fourth quarter worth $205,000. Tiemann Investment Advisors LLC acquired a new position in shares of Synopsys in the third quarter worth $214,000. Finally, Lakeview Capital Partners LLC acquired a new position in shares of Synopsys in the third quarter worth $215,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on SNPS shares. JPMorgan Chase & Co. downgraded shares of Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target on the stock. in a research note on Tuesday, December 12th. Royal Bank of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and upped their price target for the stock from $90.00 to $100.00 in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Finally, Needham & Company LLC upped their price target on shares of Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $96.89.
In related news, CEO Chi-Foon Chan sold 3,750 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $336,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Walske sold 4,545 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total transaction of $409,595.40. Following the completion of the sale, the director now owns 14,988 shares of the company’s stock, valued at $1,350,718.56. The disclosure for this sale can be found here. Insiders sold 65,442 shares of company stock valued at $5,779,693 over the last quarter. 1.82% of the stock is currently owned by corporate insiders.
Shares of Synopsys, Inc. (SNPS) opened at $84.34 on Friday. The stock has a market cap of $12,286.73, a price-to-earnings ratio of 99.22, a P/E/G ratio of 3.68 and a beta of 1.04. Synopsys, Inc. has a fifty-two week low of $65.07 and a fifty-two week high of $94.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. Synopsys’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. analysts anticipate that Synopsys, Inc. will post 2.24 EPS for the current fiscal year.
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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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