Synopsys, Inc. (SNPS) Stake Lessened by Keybank National Association OH

Keybank National Association OH lowered its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,575 shares of the semiconductor company’s stock after selling 613 shares during the quarter. Keybank National Association OH’s holdings in Synopsys were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SNPS. Capstone Asset Management Co. increased its stake in Synopsys by 4.3% in the 2nd quarter. Capstone Asset Management Co. now owns 9,435 shares of the semiconductor company’s stock valued at $688,000 after buying an additional 390 shares during the period. NN Investment Partners Holdings N.V. increased its stake in Synopsys by 1,445.8% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 13,928 shares of the semiconductor company’s stock valued at $1,016,000 after buying an additional 13,027 shares during the period. State of Alaska Department of Revenue increased its stake in Synopsys by 32.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,775 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 1,890 shares during the period. National Pension Service increased its stake in Synopsys by 10.0% in the 2nd quarter. National Pension Service now owns 169,057 shares of the semiconductor company’s stock valued at $12,336,000 after buying an additional 15,326 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Synopsys by 505.9% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 24,455 shares of the semiconductor company’s stock valued at $1,784,000 after buying an additional 20,419 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Several research firms have weighed in on SNPS. BidaskClub upgraded shares of Synopsys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Credit Suisse Group reiterated a “positive” rating and issued a $90.00 price objective (up previously from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Royal Bank Of Canada boosted their target price on shares of Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $85.25.

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In related news, EVP Joseph W. Logan sold 5,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 63,793 shares in the company, valued at approximately $4,911,423.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the company’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 transaction, the chief executive officer now owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The disclosure for this sale can be found here. 1.82% of the stock is owned by corporate insiders.

Synopsys, Inc. (NASDAQ:SNPS) opened at $87.63 on Thursday. The company has a market cap of $13,185.74, a price-to-earnings ratio of 35.24, a P/E/G ratio of 3.99 and a beta of 1.00. Synopsys, Inc. has a one year low of $56.03 and a one year high of $88.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

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

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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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