Teacher Retirement System of Texas raised its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 255,224 shares of the semiconductor company’s stock after purchasing an additional 13,009 shares during the quarter. Teacher Retirement System of Texas’ holdings in Synopsys were worth $21,755,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of Synopsys during the 4th quarter valued at about $124,000. Advisor Group Inc. boosted its position in shares of Synopsys by 14.3% during 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 during the last quarter. Conning Inc. acquired a new position in shares of Synopsys during the 4th quarter valued at about $205,000. Checchi Capital Advisers LLC acquired a new position in shares of Synopsys during the 4th quarter valued at about $205,000. Finally, Tiemann Investment Advisors LLC acquired a new position in shares of Synopsys during the 3rd quarter valued at about $214,000. 90.02% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and boosted their price target for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Monday, December 4th. Needham & Company LLC upped their target price on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. BidaskClub raised shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $91.00) on shares of Synopsys in a research report on Tuesday, November 28th. Two research 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’s stock. Synopsys presently has an average rating of “Hold” and a consensus target price of $96.89.

In other news, Director Chrysostomos L. Nikias sold 21,074 shares of the stock in a transaction dated Friday, December 1st. The shares were 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 at this link. Also, CEO Chi-Foon Chan sold 3,750 shares of the 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 disclosure for this sale can be found here. Insiders have sold 65,442 shares of company stock worth $5,779,693 in the last three months. Corporate insiders own 1.82% of the company’s stock.

Synopsys, Inc. (SNPS) opened at $84.34 on Friday. Synopsys, Inc. has a 1 year low of $65.07 and a 1 year 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 1.04. The company has a market cap of $12,286.73, a PE ratio of 67.72, a price-to-earnings-growth ratio of 3.68 and a beta of 1.04.

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

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Synopsys Company 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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