Tredje AP fonden grew its stake in Synopsys, Inc. (NASDAQ:SNPS) by 64.2% during the 2nd quarter, Holdings Channel reports. The firm owned 107,056 shares of the semiconductor company’s stock after buying an additional 41,856 shares during the period. Tredje AP fonden’s holdings in Synopsys were worth $9,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNPS. Intrust Bank NA lifted its holdings in shares of Synopsys by 11.9% during the 2nd quarter. Intrust Bank NA now owns 5,681 shares of the semiconductor company’s stock worth $486,000 after acquiring an additional 606 shares during the period. Stifel Financial Corp lifted its holdings in Synopsys by 1.2% during the 1st quarter. Stifel Financial Corp now owns 56,390 shares of the semiconductor company’s stock valued at $4,693,000 after purchasing an additional 661 shares during the last quarter. Pettee Investors Inc. lifted its holdings in Synopsys by 5.8% during the 1st quarter. Pettee Investors Inc. now owns 12,113 shares of the semiconductor company’s stock valued at $1,008,000 after purchasing an additional 662 shares during the last quarter. Miles Capital Inc. lifted its holdings in Synopsys by 18.9% during the 1st quarter. Miles Capital Inc. now owns 4,217 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 671 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Synopsys by 28.2% during the 2nd quarter. Raymond James Trust N.A. now owns 3,179 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 699 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.

SNPS stock traded up $0.32 during trading on Tuesday, hitting $93.87. 1,672 shares of the stock traded hands, compared to its average volume of 1,012,747. Synopsys, Inc. has a one year low of $77.16 and a one year high of $94.80. The company has a market capitalization of $13.91 billion, a P/E ratio of 106.57, a P/E/G ratio of 5.65 and a beta of 1.12. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.04.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, May 23rd. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $776.80 million during the quarter, compared to the consensus estimate of $775.60 million. Synopsys had a net margin of 3.25% and a return on equity of 6.55%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. research analysts expect that Synopsys, Inc. will post 1.65 earnings per share for the current year.

Several brokerages recently issued reports on SNPS. BidaskClub downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet raised shares of Synopsys from a “c+” rating to a “b” rating in a report on Wednesday, May 23rd. Credit Suisse Group lifted their price target on shares of Synopsys from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. KeyCorp lifted their price target on shares of Synopsys from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, May 24th. Finally, Zacks Investment Research downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $102.71.

In other Synopsys news, EVP Joseph W. Logan sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $88.33, for a total value of $1,766,600.00. Following the completion of the sale, the executive vice president now owns 88,271 shares in the company, valued at approximately $7,796,977.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chi-Foon Chan sold 42,831 shares of the firm’s stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $88.08, for a total transaction of $3,772,554.48. Following the completion of the sale, the chief executive officer now owns 248,575 shares of the company’s stock, valued at approximately $21,894,486. The disclosure for this sale can be found here. Insiders sold a total of 72,633 shares of company stock valued at $6,421,334 in the last 90 days. Corporate insiders own 1.84% of the company’s stock.

About Synopsys

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; 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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