QS Investors LLC Has $369,000 Stake in Synopsys, Inc. (SNPS)

QS Investors LLC lessened its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,066 shares of the semiconductor company’s stock after selling 1,600 shares during the period. QS Investors LLC’s holdings in Synopsys were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SNPS. Bronfman E.L. Rothschild L.P. boosted its position in shares of Synopsys by 11.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after buying an additional 147 shares during the period. IFP Advisors Inc boosted its position in shares of Synopsys by 40.4% in the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after buying an additional 415 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Synopsys by 101.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,216 shares of the semiconductor company’s stock worth $160,000 after buying an additional 1,116 shares during the period. Advisor Group Inc. boosted its position in shares of Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after buying an additional 327 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of Synopsys by 45.8% in the first quarter. Global X Management Co. LLC now owns 3,047 shares of the semiconductor company’s stock worth $220,000 after buying an additional 957 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Chi-Foon Chan sold 3,750 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $77.50, for a total transaction of $290,625.00. Following the completion of the transaction, the chief executive officer now owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $76.99, for a total transaction of $384,950.00. Following the transaction, the executive vice president now directly owns 63,793 shares of the company’s stock, valued at approximately $4,911,423.07. The disclosure for this sale can be found here. 1.82% of the stock is owned by corporate insiders.

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Shares of Synopsys, Inc. (NASDAQ:SNPS) traded up 0.44% during trading on Friday, reaching $87.19. The company had a trading volume of 811,559 shares. The company has a market cap of $13.10 billion, a P/E ratio of 40.93 and a beta of 1.00. The firm has a 50-day moving average of $81.64 and a 200-day moving average of $76.72. Synopsys, Inc. has a 12-month low of $56.03 and a 12-month high of $87.47.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 16th. The semiconductor company reported $0.92 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. The business had revenue of $695.40 million during the quarter, compared to the consensus estimate of $691.22 million. Synopsys had a net margin of 12.37% and a return on equity of 11.60%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, equities research analysts anticipate that Synopsys, Inc. will post $3.31 EPS for the current year.

Several brokerages have recently weighed in on SNPS. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada upgraded Synopsys from an “outperform” rating to a “top pick” rating and boosted their price target for the stock from $90.00 to $100.00 in a research note on Wednesday. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, August 21st. Credit Suisse Group restated a “positive” rating and set a $90.00 price objective (up previously from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $85.25.

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.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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