Swedbank Boosts Holdings in Synopsys, Inc. (SNPS)

Swedbank boosted its position in Synopsys, Inc. (NASDAQ:SNPS) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,978,809 shares of the semiconductor company’s stock after purchasing an additional 125,613 shares during the quarter. Synopsys makes up 1.4% of Swedbank’s portfolio, making the stock its 19th biggest position. Swedbank’s holdings in Synopsys were worth $249,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc increased its holdings in shares of Synopsys by 1.3% during the third quarter. Vanguard Group Inc now owns 15,851,502 shares of the semiconductor company’s stock valued at $1,563,115,000 after acquiring an additional 204,619 shares in the last quarter. Parnassus Investments CA increased its holdings in Synopsys by 15.9% in the 4th quarter. Parnassus Investments CA now owns 6,795,161 shares of the semiconductor company’s stock worth $572,424,000 after buying an additional 931,666 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in Synopsys by 0.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,277,858 shares of the semiconductor company’s stock worth $323,230,000 after buying an additional 24,532 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Synopsys by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,125,440 shares of the semiconductor company’s stock worth $308,202,000 after buying an additional 90,267 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Synopsys by 50.3% in the 3rd quarter. Deutsche Bank AG now owns 1,925,800 shares of the semiconductor company’s stock worth $189,896,000 after buying an additional 644,307 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Several research firms recently commented on SNPS. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating and set a $105.00 price objective for the company in a report on Monday, December 10th. Benchmark upgraded Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Thursday, December 6th. Needham & Company LLC lifted their price objective on Synopsys from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. Finally, Berenberg Bank began coverage on Synopsys in a report on Tuesday, November 20th. They issued a “buy” rating and a $119.00 price objective for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Synopsys presently has an average rating of “Buy” and an average target price of $109.25.

Shares of NASDAQ:SNPS opened at $101.57 on Wednesday. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 36.02, a PEG ratio of 3.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.73. Synopsys, Inc. has a 52-week low of $79.14 and a 52-week high of $103.40.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, December 5th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.37. The business had revenue of $795.08 million for the quarter, compared to analysts’ expectations of $794.55 million. Synopsys had a return on equity of 16.91% and a net margin of 13.86%. As a group, equities analysts anticipate that Synopsys, Inc. will post 2.67 EPS for the current year.

In other Synopsys news, EVP Joseph W. Logan sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $89.18, for a total value of $1,783,600.00. Following the transaction, the executive vice president now directly owns 88,271 shares of the company’s stock, valued at $7,872,007.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chi-Foon Chan sold 3,611 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $88.28, for a total value of $318,779.08. Following the completion of the transaction, the chief executive officer now directly owns 198,633 shares in the company, valued at $17,535,321.24. The disclosure for this sale can be found here. Insiders sold 73,611 shares of company stock worth $6,569,379 over the last three months. Insiders own 1.84% of the company’s stock.

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About Synopsys

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; 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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