Tredje AP fonden Reduced Holding in Synopsys, Inc. (SNPS)

Tredje AP fonden Reduced Holding in Synopsys, Inc. (SNPS)

Tredje AP fonden decreased its stake in Synopsys, Inc. (NASDAQ:SNPS) by 9.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 60,700 shares of the semiconductor company’s stock after selling 6,378 shares during the period. Tredje AP fonden’s holdings in Synopsys were worth $4,378,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its stake in shares of Synopsys by 6.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,487 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 92 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Synopsys during the first quarter valued at approximately $121,000. SRS Capital Advisors Inc. purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $114,000. Robecosam AG raised its stake in shares of Synopsys by 10.0% in the first quarter. Robecosam AG now owns 2,200 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 200 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $150,000. Institutional investors own 89.96% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) traded up 1.088% during midday trading on Friday, reaching $75.745. The company had a trading volume of 983,022 shares. The company’s 50 day moving average is $73.41 and its 200-day moving average is $67.10. Synopsys, Inc. has a 52-week low of $50.97 and a 52-week high of $75.99. The company has a market capitalization of $11.39 billion, a P/E ratio of 42.316 and a beta of 0.87.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Synopsys had a net margin of 11.01% and a return on equity of 11.51%. The firm had revenue of $680.07 million for the quarter, compared to analyst estimates of $672.40 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts expect that Synopsys, Inc. will post $3.28 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $77.00 price target (up previously from $76.00) on shares of Synopsys in a research note on Thursday, May 18th. Pacific Crest reissued an “overweight” rating and set a $86.00 price target (up previously from $78.00) on shares of Synopsys in a research note on Friday, May 19th. JPMorgan Chase & Co. reissued an “average” rating on shares of Synopsys in a research note on Friday, May 26th. Bank of America Corp reissued a “buy” rating and set a $87.00 price target (up previously from $80.00) on shares of Synopsys in a research note on Friday, May 19th. Finally, Zacks Investment Research lowered Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.78.

In related news, General Counsel John F. Runkel, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $71.00, for a total value of $710,000.00. Following the completion of the transaction, the general counsel now owns 18,239 shares of the company’s stock, valued at approximately $1,294,969. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Schwarz sold 21,496 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $71.20, for a total transaction of $1,530,515.20. Following the completion of the transaction, the director now directly owns 19,324 shares of the company’s stock, valued at approximately $1,375,868.80. The disclosure for this sale can be found here. Insiders sold a total of 304,246 shares of company stock valued at $21,608,505 in the last ninety days. Company insiders own 1.62% of the company’s stock.

About Synopsys

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SNPS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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