Sheaff Brock Investment Advisors LLC Trims Position in Synopsys, Inc. (SNPS)

Sheaff Brock Investment Advisors LLC lowered its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,094 shares of the semiconductor company’s stock after selling 705 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Synopsys were worth $974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Bronfman E.L. Rothschild L.P. boosted its holdings in Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 147 shares during the last quarter. IFP Advisors Inc boosted its holdings in Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 415 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Synopsys by 3.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 55 shares during the last quarter. Advisor Group Inc. boosted its holdings in Synopsys by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 327 shares during the last quarter. Finally, Lakeview Capital Partners LLC purchased a new position in Synopsys during the 3rd quarter worth $215,000. 89.94% of the stock is owned by institutional investors and hedge funds.

In related news, Director Chrysostomos L. Nikias sold 21,074 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $1,892,023.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph W. Logan sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $90.33, for a total value of $451,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,824 shares of company stock worth $2,680,349 over the last quarter. Company insiders own 1.82% of the company’s stock.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and lifted their price objective for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Monday, August 21st. Needham & Company LLC lifted their target price on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Credit Suisse Group reiterated a “positive” rating and set a $90.00 target price (up from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $98.13.

Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $87.72 on Tuesday. The company has a market capitalization of $13,588.19, a price-to-earnings ratio of 74.03, a PEG ratio of 4.12 and a beta of 1.01. Synopsys, Inc. has a 52 week low of $57.18 and a 52 week high of $94.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.04.

Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. The company had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. research analysts predict that Synopsys, Inc. will post 2.41 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Sheaff Brock Investment Advisors LLC Trims Position in Synopsys, Inc. (SNPS)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/12/05/sheaff-brock-investment-advisors-llc-trims-position-in-synopsys-inc-snps.html.

Synopsys 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.

Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS).

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

What are top analysts saying about Synopsys Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Synopsys Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit