Synopsys, Inc. (SNPS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 24.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 351,387 shares of the semiconductor company’s stock after buying an additional 69,912 shares during the period. American Century Companies Inc. owned about 0.23% of Synopsys worth $28,297,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Synopsys by 11.9% during the 2nd 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 in the last quarter. IFP Advisors Inc raised its holdings in shares of Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after buying an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Synopsys by 3.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after buying an additional 55 shares in the last quarter. Advisor Group Inc. raised 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 worth $190,000 after buying an additional 327 shares in the last quarter. Finally, Lakeview Capital Partners LLC acquired a new position in shares of Synopsys during the 3rd quarter worth $215,000. 89.78% of the stock is owned by institutional investors.

Synopsys, Inc. (NASDAQ SNPS) opened at $87.76 on Wednesday. Synopsys, Inc. has a fifty-two week low of $56.03 and a fifty-two week high of $88.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $13,194.75, a PE ratio of 35.27, a price-to-earnings-growth ratio of 4.00 and a beta of 1.00.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The firm had revenue of $695.40 million for the quarter, compared to analyst estimates of $691.22 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 13.0% on a year-over-year basis. equities analysts forecast that Synopsys, Inc. will post 1.93 earnings per share for the current year.

SNPS has been the subject of a number of research analyst reports. cut Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group reaffirmed a “positive” rating and issued a $90.00 target price (up previously from $82.00) on shares of Synopsys in a report on Tuesday, August 15th. reaffirmed a “buy” rating and issued a $83.00 target price (up previously from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Royal Bank Of Canada upped their target price on Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Finally, raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Monday, August 21st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Synopsys currently has an average rating of “Buy” and a consensus price target of $85.25.

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

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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