Rothschild & Co. Asset Management US Inc. Has $5.03 Million Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

Rothschild & Co. Asset Management US Inc. raised its stake in Synopsys, Inc. (NASDAQ:SNPSGet Rating) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,099 shares of the semiconductor company’s stock after buying an additional 404 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Synopsys were worth $5,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SNPS. HighTower Advisors LLC boosted its position in Synopsys by 5.0% in the fourth quarter. HighTower Advisors LLC now owns 5,891 shares of the semiconductor company’s stock valued at $2,172,000 after buying an additional 282 shares in the last quarter. Citigroup Inc. boosted its position in Synopsys by 90.5% in the fourth quarter. Citigroup Inc. now owns 181,214 shares of the semiconductor company’s stock valued at $66,777,000 after buying an additional 86,081 shares in the last quarter. Rafferty Asset Management LLC boosted its position in Synopsys by 7.2% in the fourth quarter. Rafferty Asset Management LLC now owns 46,299 shares of the semiconductor company’s stock valued at $17,061,000 after buying an additional 3,116 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in Synopsys in the fourth quarter valued at approximately $36,000. Finally, Confluence Wealth Services Inc. acquired a new stake in Synopsys in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Synopsys Stock Up 0.5 %

SNPS stock opened at $333.76 on Friday. The firm has a market cap of $51.04 billion, a price-to-earnings ratio of 50.65, a PEG ratio of 3.20 and a beta of 1.23. Synopsys, Inc. has a 12-month low of $255.02 and a 12-month high of $391.17. The company’s fifty day simple moving average is $345.00 and its 200 day simple moving average is $318.42.

Synopsys (NASDAQ:SNPSGet Rating) last released its earnings results on Wednesday, August 17th. The semiconductor company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Synopsys had a net margin of 20.86% and a return on equity of 18.29%. Synopsys’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. Research analysts expect that Synopsys, Inc. will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SNPS shares. Rosenblatt Securities lifted their price target on shares of Synopsys from $390.00 to $405.00 and gave the stock a “buy” rating in a report on Thursday, August 18th. Robert W. Baird lifted their price target on shares of Synopsys from $409.00 to $444.00 and gave the stock an “outperform” rating in a report on Thursday, August 18th. Bank of America upgraded shares of Synopsys from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $325.00 to $360.00 in a report on Wednesday, June 29th. Stifel Nicolaus started coverage on shares of Synopsys in a report on Wednesday. They set a “buy” rating and a $445.00 price target on the stock. Finally, Atlantic Securities cut their price target on shares of Synopsys to $350.00 and set a “na” rating on the stock in a report on Thursday, May 19th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and a consensus price target of $405.33.

Insider Buying and Selling at Synopsys

In other Synopsys news, CFO Trac Pham sold 18,393 shares of Synopsys stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $307.03, for a total value of $5,647,202.79. Following the completion of the sale, the chief financial officer now directly owns 39,811 shares of the company’s stock, valued at $12,223,171.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Synopsys news, COO Sassine Ghazi sold 4,651 shares of Synopsys stock in a transaction on Friday, July 1st. The shares were sold at an average price of $300.67, for a total value of $1,398,416.17. Following the completion of the sale, the chief operating officer now directly owns 45,173 shares of the company’s stock, valued at $13,582,165.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Trac Pham sold 18,393 shares of the business’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $307.03, for a total transaction of $5,647,202.79. Following the sale, the chief financial officer now directly owns 39,811 shares of the company’s stock, valued at $12,223,171.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,182 shares of company stock valued at $22,033,688. Corporate insiders own 1.20% of the company’s stock.

Synopsys Company 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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