Penserra Capital Management LLC Purchases 825 Shares of Synopsys, Inc. (SNPS)
Penserra Capital Management LLC increased its position in Synopsys, Inc. (NASDAQ:SNPS) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the semiconductor company’s stock after purchasing an additional 825 shares during the period. Penserra Capital Management LLC’s holdings in Synopsys were worth $447,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Synopsys in the 4th quarter worth $124,000. Advisor Group Inc. lifted its holdings in shares of Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 327 shares in the last quarter. IBM Retirement Fund bought a new position in shares of Synopsys in the 4th quarter worth $201,000. Conning Inc. bought a new position in shares of Synopsys in the 4th quarter worth $205,000. Finally, Checchi Capital Advisers LLC bought a new position in shares of Synopsys in the 4th quarter worth $205,000. Institutional investors own 89.77% of the company’s stock.
A number of brokerages recently issued reports on SNPS. BidaskClub cut Synopsys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. cut Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price objective on the stock. in a research note on Tuesday, December 12th. Zacks Investment Research cut Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Needham & Company LLC raised their price objective on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $96.89.
Synopsys, Inc. (SNPS) opened at $85.50 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. Synopsys, Inc. has a 52 week low of $65.31 and a 52 week high of $94.80. The firm has a market capitalization of $12,689.74, a price-to-earnings ratio of 100.59, a price-to-earnings-growth ratio of 3.80 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 for the quarter, beating the 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 business had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. During the same period last year, the business earned $0.77 EPS. The business’s revenue was up 9.9% on a year-over-year basis. equities research analysts anticipate that Synopsys, Inc. will post 2.24 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Penserra Capital Management LLC Purchases 825 Shares of Synopsys, Inc. (SNPS)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/penserra-capital-management-llc-purchases-825-shares-of-synopsys-inc-snps/1865705.html.
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).
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.