Synopsys, Inc. (SNPS) Holdings Boosted by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 169.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,763 shares of the semiconductor company’s stock after purchasing an additional 26,878 shares during the period. Boothbay Fund Management LLC’s holdings in Synopsys were worth $3,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SNPS. Bronfman E.L. Rothschild L.P. lifted its stake in Synopsys by 11.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 147 shares in the last quarter. IFP Advisors Inc lifted its stake in Synopsys by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in Synopsys by 3.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares in the last quarter. Advisor Group Inc. lifted its stake in Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in Synopsys in the 2nd quarter valued at approximately $200,000. Institutional investors own 89.94% of the company’s stock.

In related news, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $336,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction on 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. Over the last quarter, insiders sold 29,824 shares of company stock valued at $2,680,349. 1.82% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday. Needham & Company LLC upped their target price on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 1st. TheStreet lowered Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Royal Bank Of Canada reissued a “buy” rating and set a $120.00 price target on shares of Synopsys in a research note on Thursday, November 30th. Finally, KeyCorp reissued an “overweight” rating and set a $106.00 price target (up previously from $86.00) on shares of Synopsys in a research note on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $98.13.

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $88.65 on Thursday. The company has a market capitalization of $13,139.87, a price-to-earnings ratio of 71.59, a PEG ratio of 4.15 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a twelve month low of $57.80 and a twelve month high of $94.80.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.12. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The business had revenue of $696.60 million during the quarter, compared to the consensus estimate of $650.72 million. During the same period in the prior year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts predict that Synopsys, Inc. will post 2.31 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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