Synopsys, Inc. (SNPS) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in Synopsys, Inc. (NASDAQ:SNPS) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 791,828 shares of the semiconductor company’s stock after acquiring an additional 42,483 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.53% of Synopsys worth $63,766,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Synopsys by 14,458.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock worth $235,342,000 after purchasing an additional 3,204,792 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Synopsys by 79.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,117,337 shares of the semiconductor company’s stock worth $170,509,000 after purchasing an additional 940,616 shares during the last quarter. AJO LP boosted its stake in Synopsys by 132.1% during the 2nd quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock worth $105,685,000 after purchasing an additional 824,879 shares during the last quarter. Koch Industries Inc. acquired a new stake in Synopsys during the 2nd quarter worth $485,000. Finally, Vanguard Group Inc. boosted its stake in Synopsys by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock worth $1,130,474,000 after purchasing an additional 469,622 shares during the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on SNPS shares. reaffirmed an “average” rating on shares of Synopsys in a research note on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $83.00 target price (up previously from $77.00) on shares of Synopsys in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Monday, August 21st. DA Davidson reaffirmed a “buy” rating and set a $105.00 target price (up previously from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $120.00 target price on shares of Synopsys in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Synopsys presently has a consensus rating of “Buy” and an average target price of $98.13.

Synopsys, Inc. (NASDAQ SNPS) opened at $90.32 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13,588.19, a PE ratio of 74.03, a PEG ratio of 4.12 and a beta of 1.01. Synopsys, Inc. has a 1 year low of $56.03 and a 1 year high of $94.80.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results 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. The firm had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. analysts expect that Synopsys, Inc. will post 2.41 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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