Graybill Bartz & Assoc Ltd. trimmed its stake in Synopsys, Inc. (NASDAQ:SNPS) by 28.9% in the 4th quarter, HoldingsChannel reports. The fund owned 24,698 shares of the semiconductor company’s stock after selling 10,053 shares during the quarter. Graybill Bartz & Assoc Ltd.’s holdings in Synopsys were worth $2,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Synopsys by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock worth $1,130,474,000 after acquiring an additional 469,622 shares in the last quarter. Janus Henderson Group PLC increased its position in 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 valued at $235,342,000 after buying an additional 3,204,792 shares in the last quarter. Alkeon Capital Management LLC increased its position in Synopsys by 0.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,460,259 shares of the semiconductor company’s stock valued at $198,125,000 after buying an additional 10,000 shares in the last quarter. Swedbank increased its position in Synopsys by 8.6% during the 3rd quarter. Swedbank now owns 2,262,107 shares of the semiconductor company’s stock valued at $182,167,000 after buying an additional 179,528 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in Synopsys by 79.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock valued at $170,509,000 after buying an additional 940,616 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Synopsys, Inc. (SNPS) traded up $0.66 during trading hours on Tuesday, reaching $90.37. The company had a trading volume of 616,100 shares, compared to its average volume of 845,956. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13,439.26, a price-to-earnings ratio of 106.32, a P/E/G ratio of 4.03 and a beta of 1.01. Synopsys, Inc. has a 12 month low of $60.41 and a 12 month high of $94.80.

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

SNPS has been the topic of several recent analyst reports. Royal Bank of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and upped their target price for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. DA Davidson reaffirmed a “buy” rating and set a $105.00 target price (up from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. BidaskClub lowered Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Synopsys from a “hold” rating to a “strong sell” rating in a research report on Monday, December 4th. Finally, Needham & Company LLC upped their target price on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $96.89.

In other Synopsys news, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The transaction was disclosed in a 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 dated Friday, December 1st. The shares were sold at an average price of $90.33, for a total value of $451,650.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,897 shares of company stock worth $5,370,098. Company insiders own 1.82% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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