Bp Plc purchased a new position in Synopsys, Inc. (NASDAQ:SNPS) during the 4th quarter, Holdings Channel reports. The firm purchased 17,000 shares of the semiconductor company’s stock, valued at approximately $1,449,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SNPS. Pictet Asset Management Ltd. increased its position in shares of Synopsys by 79.9% during the third quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock valued at $170,509,000 after purchasing an additional 940,616 shares during the period. Koch Industries Inc. bought a new stake in shares of Synopsys during the second quarter valued at approximately $485,000. Assenagon Asset Management S.A. bought a new stake in shares of Synopsys during the third quarter valued at approximately $34,240,000. Canada Pension Plan Investment Board increased its position in shares of Synopsys by 53.7% during the third quarter. Canada Pension Plan Investment Board now owns 929,000 shares of the semiconductor company’s stock valued at $74,812,000 after purchasing an additional 324,500 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Synopsys by 222.9% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 453,859 shares of the semiconductor company’s stock valued at $36,549,000 after purchasing an additional 313,293 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $84.34 on Monday. Synopsys, Inc. has a 1 year low of $65.07 and a 1 year high of $94.80. The firm has a market capitalization of $12,540.00, a price-to-earnings ratio of 98.07, a price-to-earnings-growth ratio of 3.76 and a beta of 1.04. 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 (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.12. The company had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. equities research analysts anticipate that Synopsys, Inc. will post 2.24 EPS for the current fiscal year.

A number of analysts have recently issued reports on SNPS shares. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. Needham & Company LLC boosted their price objective on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Synopsys in a research report on Thursday, December 7th. KeyCorp reiterated an “overweight” rating and issued a $106.00 price target (up from $86.00) on shares of Synopsys in a research report on Thursday, November 30th. Finally, BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Synopsys has a consensus rating of “Hold” and a consensus price target of $96.89.

In other Synopsys news, EVP Joseph W. Logan sold 5,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $88.00, for a total value of $880,000.00. Following the completion of the transaction, the general counsel now directly owns 18,742 shares in the company, valued at approximately $1,649,296. The disclosure for this sale can be found here. In the last three months, insiders sold 65,442 shares of company stock worth $5,779,693. Insiders own 1.82% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.watchlistnews.com/bp-plc-invests-1-45-million-in-synopsys-inc-snps-stock/1860537.html.

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.

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.