First Trust Advisors LP Increases Holdings in Synopsys, Inc. (SNPS)

First Trust Advisors LP raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 426.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,038,634 shares of the semiconductor company’s stock after purchasing an additional 841,300 shares during the period. First Trust Advisors LP’s holdings in Synopsys were worth $88,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in Synopsys during the fourth quarter valued at $124,000. Advisor Group Inc. lifted its position in shares of Synopsys by 14.3% during the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 327 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Synopsys during the fourth quarter worth $201,000. Conning Inc. purchased a new stake in shares of Synopsys during the fourth quarter worth $205,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Synopsys during the fourth quarter worth $205,000. 89.77% of the stock is owned by institutional investors and hedge funds.

In other Synopsys news, Director Steven Walske sold 4,545 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total transaction of $409,595.40. Following the sale, the director now owns 14,988 shares in the company, valued at $1,350,718.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $88.00, for a total value of $880,000.00. Following the sale, the general counsel now owns 18,742 shares in the company, valued at approximately $1,649,296. The disclosure for this sale can be found here. Insiders have sold 65,442 shares of company stock worth $5,779,693 in the last 90 days. Company insiders own 1.82% of the company’s stock.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. downgraded Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 target price on the stock. in a research report on Tuesday, December 12th. Zacks Investment Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research report on Monday, December 4th. Needham & Company LLC increased their target price on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet downgraded Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.89.

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $86.62 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. Synopsys, Inc. has a 12-month low of $65.56 and a 12-month high of $94.80. The stock has a market capitalization of $12,715.02, a price-to-earnings ratio of 70.08, a P/E/G ratio of 3.81 and a beta of 1.04.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The company had revenue of $696.60 million for the quarter, compared to the consensus estimate of $650.72 million. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. analysts expect that Synopsys, Inc. will post 2.24 EPS for the current fiscal year.

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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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