Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,500 shares of the semiconductor company’s stock after buying an additional 900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Synopsys were worth $3,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Synopsys by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock worth $1,130,474,000 after buying an additional 469,622 shares during the period. Ameriprise Financial Inc. grew its position in shares of Synopsys by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock worth $311,973,000 after buying an additional 125,190 shares during the period. Janus Henderson Group PLC grew its position in shares of Synopsys by 14,458.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock worth $235,342,000 after buying an additional 3,204,792 shares during the period. Swedbank grew its position in shares of Synopsys by 8.6% during the 3rd quarter. Swedbank now owns 2,262,107 shares of the semiconductor company’s stock worth $182,167,000 after buying an additional 179,528 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in shares of Synopsys by 79.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock worth $170,509,000 after buying an additional 940,616 shares during the period. 89.82% of the stock is owned by institutional investors.

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $89.56 on Tuesday. Synopsys, Inc. has a 52-week low of $58.58 and a 52-week high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07. The stock has a market cap of $13,616.78, a price-to-earnings ratio of 74.19, a P/E/G ratio of 4.42 and a beta of 1.01.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. During the same period last year, the business earned $0.77 EPS. The business’s revenue was up 9.9% on a year-over-year basis. equities analysts forecast that Synopsys, Inc. will post 2.24 earnings per share for the current year.

In other Synopsys news, Director Chrysostomos L. Nikias sold 21,074 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $1,892,023.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,824 shares of company stock worth $2,680,349. Company insiders own 1.82% of the company’s stock.

Several analysts recently issued reports on the stock. reissued an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. J P Morgan Chase & Co reissued an “average” rating on shares of Synopsys in a research report on Thursday, December 7th. Needham & Company LLC reissued a “buy” rating and issued a $83.00 price target (up previously from $77.00) on shares of Synopsys in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, August 21st. Finally, DA Davidson reissued a “buy” rating and issued a $105.00 price target (up previously from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $98.13.

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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.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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