Robecosam AG raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 69.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,200 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Robecosam AG’s holdings in Synopsys were worth $188,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Synopsys during the 4th quarter valued at $124,000. IBM Retirement Fund acquired a new stake in shares of Synopsys during the 4th quarter valued at $201,000. 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. 90.53% of the stock is owned by institutional investors.

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SNPS has been the subject of a number of research reports. JPMorgan Chase & Co. lowered shares of Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 target price for the company. in a research note on Tuesday, December 12th. BidaskClub downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Royal Bank of Canada raised their price target on shares of Synopsys from $100.00 to $110.00 and gave the company a “top pick” rating in a report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a report on Monday, December 4th. Finally, Needham & Company LLC raised their price target on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.33.

In related news, EVP Joseph W. Logan sold 10,313 shares of Synopsys stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $84.69, for a total value of $873,407.97. Following the transaction, the executive vice president now owns 78,584 shares in the company, valued at approximately $6,655,278.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chi-Foon Chan sold 3,609 shares of Synopsys stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $84.77, for a total transaction of $305,934.93. Following the completion of the transaction, the chief executive officer now owns 209,244 shares in the company, valued at approximately $17,737,613.88. The disclosure for this sale can be found here. Insiders sold a total of 59,540 shares of company stock worth $5,148,688 in the last quarter. Insiders own 1.84% of the company’s stock.

Synopsys, Inc. (NASDAQ:SNPS) opened at $88.48 on Wednesday. The firm has a market cap of $13,249.92, a price-to-earnings ratio of 63.64, a PEG ratio of 5.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. Synopsys, Inc. has a twelve month low of $69.42 and a twelve month high of $94.80.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $769.40 million for the quarter, compared to the consensus estimate of $750.43 million. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. Synopsys’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. sell-side analysts forecast that Synopsys, Inc. will post 1.54 earnings per share for the current fiscal year.

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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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