Aberdeen Asset Management PLC UK boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 8.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,353 shares of the semiconductor company’s stock after purchasing an additional 3,153 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Synopsys were worth $3,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNPS. BlackRock Inc. boosted its holdings in shares of Synopsys by 3,273.6% in the first quarter. BlackRock Inc. now owns 12,796,224 shares of the semiconductor company’s stock valued at $922,991,000 after acquiring an additional 12,416,921 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Synopsys by 21.6% in the first quarter. Vanguard Group Inc. now owns 15,031,207 shares of the semiconductor company’s stock valued at $1,084,201,000 after acquiring an additional 2,672,954 shares during the period. State Street Corp boosted its holdings in shares of Synopsys by 19.9% in the first quarter. State Street Corp now owns 7,240,263 shares of the semiconductor company’s stock valued at $522,251,000 after acquiring an additional 1,201,269 shares during the period. Morgan Stanley boosted its holdings in shares of Synopsys by 155.6% in the first quarter. Morgan Stanley now owns 1,081,104 shares of the semiconductor company’s stock valued at $77,979,000 after acquiring an additional 658,199 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Synopsys by 31.3% in the first quarter. Geode Capital Management LLC now owns 1,850,973 shares of the semiconductor company’s stock valued at $133,356,000 after acquiring an additional 440,739 shares during the period. 88.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on SNPS shares. BidaskClub downgraded Synopsys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Credit Suisse Group reissued an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, August 21st. J P Morgan Chase & Co reissued an “average” rating on shares of Synopsys in a report on Friday, May 26th. Finally, Royal Bank Of Canada increased their price objective on Synopsys from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.38.

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In related news, EVP Joseph W. Logan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.99, for a total transaction of $384,950.00. Following the completion of the transaction, the executive vice president now owns 63,793 shares in the company, valued at approximately $4,911,423.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $77.50, for a total value of $290,625.00. Following the transaction, the chief executive officer now owns 200,429 shares of the company’s stock, valued at approximately $15,533,247.50. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.

Shares of Synopsys, Inc. (SNPS) opened at 79.80 on Monday. The firm has a market capitalization of $11.99 billion, a P/E ratio of 37.46 and a beta of 0.99. Synopsys, Inc. has a one year low of $56.03 and a one year high of $80.70. The company’s 50 day moving average price is $78.22 and its 200 day moving average price is $74.52.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data 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. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The business had revenue of $695.40 million during the quarter, compared to analyst estimates of $691.22 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts expect that Synopsys, Inc. will post $3.31 EPS for the current fiscal year.

Synopsys declared that its board has initiated a share buyback plan on Friday, June 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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