Synopsys, Inc. (SNPS) Position Increased by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,976 shares of the semiconductor company’s stock after purchasing an additional 6,852 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Synopsys worth $7,883,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in SNPS. Bronfman E.L. Rothschild L.P. boosted its stake in Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 147 shares during the period. IFP Advisors Inc raised its holdings in Synopsys by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in 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 acquiring an additional 55 shares in the last quarter. Advisor Group Inc. raised its holdings in Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 327 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Synopsys in the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Several equities analysts have commented on the company. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and upped their price target for the company from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Tuesday, October 3rd. reaffirmed an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $83.00 price target (up previously from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $85.25.
Shares of Synopsys, Inc. (SNPS) traded down $0.68 on Friday, hitting $88.36. The stock had a trading volume of 877,123 shares, compared to its average volume of 1,050,332. Synopsys, Inc. has a fifty-two week low of $56.03 and a fifty-two week high of $89.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $13,380.00, a PE ratio of 35.24, a PEG ratio of 3.99 and a beta of 1.00.
Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share (EPS) 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 business had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $691.22 million. During the same period in the prior year, the firm posted $0.76 EPS. Synopsys’s quarterly revenue was up 13.0% compared to the same quarter last year. analysts anticipate that Synopsys, Inc. will post 1.93 earnings per share 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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