Public Employees Retirement Association of Colorado raised its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,681 shares of the semiconductor company’s stock after purchasing an additional 954 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Synopsys were worth $2,530,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Cerebellum GP LLC acquired a new stake in shares of Synopsys during the 4th quarter valued at $124,000. Advisor Group Inc. boosted its holdings 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 in the last quarter. Conning Inc. acquired a new stake in shares of Synopsys during the 4th quarter valued at $205,000. Checchi Capital Advisers LLC acquired a new stake in shares of Synopsys during the 4th quarter valued at $205,000. Finally, Tiemann Investment Advisors LLC acquired a new stake in shares of Synopsys during the 3rd quarter valued at $214,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Chrysostomos L. Nikias sold 21,073 shares of Synopsys stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $85.88, for a total value of $1,809,749.24. Following the completion of the transaction, the director now directly owns 32,466 shares of the company’s stock, valued at approximately $2,788,180.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $88.00, for a total value of $880,000.00. Following the completion of the transaction, the general counsel now directly owns 18,742 shares of the company’s stock, valued at $1,649,296. The disclosure for this sale can be found here. Insiders have sold a total of 65,442 shares of company stock worth $5,779,693 over the last ninety days. Company insiders own 1.82% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) opened at $85.50 on Wednesday. The company has a market capitalization of $12,720.00, a PE ratio of 99.42, a price-to-earnings-growth ratio of 3.76 and a beta of 1.04. Synopsys, Inc. has a twelve month low of $65.31 and a twelve month high of $94.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.12. The firm 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 business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. equities analysts anticipate that Synopsys, Inc. will post 2.24 earnings per share for the current fiscal year.

SNPS has been the topic of several recent research reports. TheStreet downgraded Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Needham & Company LLC raised their price objective on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Friday, December 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Synopsys in a report on Thursday, December 7th. KeyCorp reaffirmed an “overweight” rating and set a $106.00 target price (up from $86.00) on shares of Synopsys in a report on Thursday, November 30th. Finally, BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.89.

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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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