Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Makes New Investment in Synopsys, Inc. $SNPS

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Synopsys, Inc. (NASDAQ:SNPS) during the second quarter, HoldingsChannel.com reports. The firm bought 1,430 shares of the semiconductor company’s stock, valued at approximately $733,000.

A number of other institutional investors also recently modified their holdings of SNPS. Symphony Financial Ltd. Co. lifted its stake in shares of Synopsys by 4,780.9% in the second quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock worth $20,638,000 after acquiring an additional 39,395 shares during the period. HBW Advisory Services LLC boosted its stake in shares of Synopsys by 494.9% in the 2nd quarter. HBW Advisory Services LLC now owns 3,611 shares of the semiconductor company’s stock valued at $1,851,000 after purchasing an additional 3,004 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Synopsys by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock worth $691,035,000 after buying an additional 4,815 shares during the period. Westbourne Investments Inc. bought a new position in Synopsys during the second quarter worth $1,505,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Synopsys by 1.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 178,786 shares of the semiconductor company’s stock valued at $91,660,000 after buying an additional 2,991 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup started coverage on Synopsys in a report on Monday, November 24th. They set a “buy” rating and a $580.00 price target for the company. Stifel Nicolaus lowered their target price on Synopsys from $650.00 to $550.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $535.00 price objective (down previously from $670.00) on shares of Synopsys in a research report on Wednesday, September 10th. Finally, KeyCorp dropped their target price on shares of Synopsys from $590.00 to $575.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and an average price target of $553.67.

Insider Transactions at Synopsys

In other Synopsys news, CAO Sudhindra Kankanwadi sold 9,873 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $500.90, for a total value of $4,945,385.70. Following the transaction, the chief accounting officer owned 20,520 shares in the company, valued at approximately $10,278,468. The trade was a 32.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert G. Painter acquired 350 shares of the stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $425.44 per share, with a total value of $148,904.00. Following the completion of the purchase, the director owned 2,291 shares of the company’s stock, valued at approximately $974,683.04. The trade was a 18.03% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is currently owned by insiders.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $465.75 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The stock has a market cap of $86.51 billion, a PE ratio of 36.56, a PEG ratio of 5.35 and a beta of 1.16. The company’s fifty day moving average is $436.72 and its 200 day moving average is $505.11. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $651.73.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Tuesday, September 9th. The semiconductor company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($1.45). The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. Synopsys had a net margin of 31.04% and a return on equity of 10.82%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $3.43 earnings per share. Research analysts anticipate that Synopsys, Inc. will post 10.64 earnings per share for the current year.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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.