Sciencast Management LP lifted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 115.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,309 shares of the semiconductor company’s stock after purchasing an additional 7,658 shares during the period. Sciencast Management LP’s holdings in Synopsys were worth $2,093,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Capital Management Inc. ADV acquired a new position in shares of Synopsys in the 3rd quarter worth approximately $25,000. Usca Ria LLC acquired a new position in shares of Synopsys in the 3rd quarter worth approximately $42,000. Flagship Harbor Advisors LLC grew its stake in shares of Synopsys by 55.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 354 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 127 shares during the last quarter. MUFG Americas Holdings Corp purchased a new position in shares of Synopsys in the third quarter worth approximately $55,000. Finally, CSat Investment Advisory L.P. increased its position in shares of Synopsys by 133.1% in the second quarter. CSat Investment Advisory L.P. now owns 422 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 241 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.
Synopsys stock opened at $149.03 on Thursday. The firm’s 50 day simple moving average is $139.90 and its 200-day simple moving average is $136.90. The company has a market cap of $22.31 billion, a P/E ratio of 43.20, a price-to-earnings-growth ratio of 3.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.91. Synopsys, Inc. has a fifty-two week low of $88.22 and a fifty-two week high of $150.53.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, December 4th. The semiconductor company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $847.34 million. Synopsys had a net margin of 15.84% and a return on equity of 13.54%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. On average, analysts expect that Synopsys, Inc. will post 3.76 EPS for the current fiscal year.
Several research firms have recently weighed in on SNPS. KeyCorp lifted their target price on shares of Synopsys from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Synopsys in a research report on Thursday, December 5th. DA Davidson reissued a “buy” rating and issued a $175.00 target price on shares of Synopsys in a research report on Thursday, December 5th. BidaskClub raised shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America began coverage on shares of Synopsys in a research report on Monday, September 23rd. They issued a “buy” rating and a $171.00 target price on the stock. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $156.44.
In related news, CFO Trac Pham sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $139.52, for a total transaction of $1,395,200.00. Following the completion of the sale, the chief financial officer now directly owns 11,641 shares in the company, valued at $1,624,152.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.84% of the company’s stock.
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.
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