Robecosam AG reduced its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 25.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the semiconductor company’s stock after selling 700 shares during the quarter. Robecosam AG’s holdings in Synopsys were worth $251,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC grew its position in Synopsys by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 2,244,335 shares of the semiconductor company’s stock worth $188,775,000 after acquiring an additional 109,140 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Synopsys by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the semiconductor company’s stock worth $910,000 after acquiring an additional 100 shares during the last quarter. Retirement Systems of Alabama grew its position in Synopsys by 1.7% during the 1st quarter. Retirement Systems of Alabama now owns 69,694 shares of the semiconductor company’s stock worth $8,025,000 after acquiring an additional 1,170 shares during the last quarter. Raymond James Trust N.A. grew its position in Synopsys by 6.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,094 shares of the semiconductor company’s stock worth $356,000 after acquiring an additional 200 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in Synopsys by 78.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 227 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

A number of brokerages have commented on SNPS. Wells Fargo & Co began coverage on Synopsys in a research report on Tuesday, May 14th. They issued an “outperform” rating and a $135.00 price objective on the stock. KeyCorp increased their price objective on Synopsys from $135.00 to $152.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. Bank of America reiterated an “average” rating on shares of Synopsys in a research report on Wednesday, June 5th. Zacks Investment Research lowered Synopsys from a “hold” rating to a “sell” rating and set a $143.00 price objective on the stock. in a research report on Wednesday, July 24th. Finally, BidaskClub lowered Synopsys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Synopsys presently has an average rating of “Buy” and an average price target of $128.00.

In other news, Director Steven Walske sold 2,453 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $126.54, for a total value of $310,402.62. Following the transaction, the director now owns 14,038 shares of the company’s stock, valued at approximately $1,776,368.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Geus Aart De sold 156,100 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $117.15, for a total value of $18,287,115.00. Following the sale, the chairman now directly owns 189,894 shares in the company, valued at approximately $22,246,082.10. The disclosure for this sale can be found here. In the last three months, insiders sold 207,180 shares of company stock worth $24,653,559. 1.84% of the stock is currently owned by company insiders.

SNPS traded down $5.45 during mid-day trading on Wednesday, reaching $126.67. The stock had a trading volume of 18,819 shares, compared to its average volume of 1,125,828. The company has a market cap of $19.80 billion, a PE ratio of 45.39, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $133.13. Synopsys, Inc. has a 52 week low of $79.14 and a 52 week high of $138.72.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The company had revenue of $836.20 million for the quarter, compared to the consensus estimate of $829.41 million. Synopsys had a return on equity of 16.88% and a net margin of 18.74%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. On average, equities analysts expect that Synopsys, Inc. will post 3.03 earnings per share for the current fiscal year.

Synopsys Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides 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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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