Calamos Advisors LLC Has $246,000 Holdings in Synopsys, Inc. (SNPS)
Calamos Advisors LLC trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 23.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,055 shares of the semiconductor company’s stock after selling 945 shares during the quarter. Calamos Advisors LLC’s holdings in Synopsys were worth $246,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of SNPS. Janus Henderson Group PLC grew its position in shares of Synopsys by 14,458.8% in the second quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock valued at $235,342,000 after purchasing an additional 3,204,792 shares during the last quarter. AJO LP grew its position in shares of Synopsys by 132.1% in the second quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock valued at $105,685,000 after purchasing an additional 824,879 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Synopsys in the second quarter valued at about $485,000. Vanguard Group Inc. grew its position in shares of Synopsys by 3.1% in the second quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock valued at $1,130,474,000 after purchasing an additional 469,622 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Synopsys by 94.7% in the second quarter. Renaissance Technologies LLC now owns 900,834 shares of the semiconductor company’s stock valued at $65,698,000 after purchasing an additional 438,100 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $86.92 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $13,064.04, a price-to-earnings ratio of 34.92, a PEG ratio of 3.96 and a beta of 1.00.
Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.92. The company had revenue of $695.40 million for 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%. Synopsys’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. equities analysts expect that Synopsys, Inc. will post 1.93 earnings per share for the current fiscal year.
SNPS has been the topic of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. BidaskClub raised Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. HSBC Holdings plc reaffirmed an “average” rating on shares of Synopsys in a research report on Thursday, September 14th. Finally, Royal Bank Of Canada raised their price target on Synopsys from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $85.25.
In other Synopsys news, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 63,793 shares in the company, valued at approximately $4,911,423.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was 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 in the company, valued at approximately $15,533,247.50. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by corporate insiders.
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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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