TLP Group LLC lifted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 25.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,441 shares of the semiconductor company’s stock after purchasing an additional 1,088 shares during the period. TLP Group LLC’s holdings in Synopsys were worth $453,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Synopsys by 10.4% in the first quarter. BlackRock Inc. now owns 13,951,636 shares of the semiconductor company’s stock valued at $1,161,335,000 after purchasing an additional 1,311,615 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Synopsys by 1.3% during the 1st quarter. JPMorgan Chase & Co. now owns 2,954,187 shares of the semiconductor company’s stock worth $245,906,000 after acquiring an additional 37,098 shares during the period. Swedbank grew its holdings in Synopsys by 7.2% during the 1st quarter. Swedbank now owns 2,609,024 shares of the semiconductor company’s stock worth $217,175,000 after acquiring an additional 175,832 shares during the period. Geode Capital Management LLC grew its holdings in Synopsys by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 1,884,853 shares of the semiconductor company’s stock worth $160,386,000 after acquiring an additional 66,419 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Synopsys by 37.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,853,499 shares of the semiconductor company’s stock worth $157,992,000 after acquiring an additional 505,334 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

SNPS has been the subject of a number of analyst reports. TheStreet raised shares of Synopsys from a “c+” rating to a “b” rating in a report on Wednesday, May 23rd. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, April 24th. ValuEngine raised shares of Synopsys from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Synopsys in a report on Friday, February 23rd. Finally, BidaskClub raised shares of Synopsys from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $102.71.

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

Shares of NASDAQ SNPS traded up $0.40 during midday trading on Thursday, reaching $90.87. 1,275 shares of the stock were exchanged, compared to its average volume of 1,020,307. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 102.81, a P/E/G ratio of 5.49 and a beta of 1.10. Synopsys, Inc. has a 12 month low of $71.94 and a 12 month high of $94.80. 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 for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $776.80 million for the quarter, compared to analysts’ expectations of $775.60 million. Synopsys had a net margin of 3.25% and a return on equity of 6.55%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. research analysts anticipate that Synopsys, Inc. will post 1.65 EPS for the current fiscal year.

Synopsys announced that its board has approved a stock repurchase plan on Thursday, April 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Synopsys Company Profile

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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