Deutsche Bank AG lessened its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,021,669 shares of the semiconductor company’s stock after selling 59,100 shares during the quarter. Deutsche Bank AG’s holdings in Synopsys were worth $87,084,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in Synopsys by 0.9% during the 3rd quarter. Swiss National Bank now owns 778,236 shares of the semiconductor company’s stock valued at $62,671,000 after purchasing an additional 7,200 shares in the last quarter. Sei Investments Co. increased its stake in Synopsys by 17.8% during the 3rd quarter. Sei Investments Co. now owns 210,933 shares of the semiconductor company’s stock valued at $16,986,000 after purchasing an additional 31,801 shares in the last quarter. ING Groep NV increased its stake in Synopsys by 68.5% during the 3rd quarter. ING Groep NV now owns 12,984 shares of the semiconductor company’s stock valued at $1,046,000 after purchasing an additional 5,277 shares in the last quarter. Oribel Capital Management LP increased its stake in Synopsys by 340.6% during the 3rd quarter. Oribel Capital Management LP now owns 174,900 shares of the semiconductor company’s stock valued at $14,084,000 after purchasing an additional 135,200 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Synopsys by 426.3% during the 4th quarter. First Trust Advisors LP now owns 1,038,634 shares of the semiconductor company’s stock valued at $88,533,000 after purchasing an additional 841,300 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.
A number of brokerages have commented on SNPS. BidaskClub upgraded shares of Synopsys from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Royal Bank of Canada restated a “buy” rating on shares of Synopsys in a research note on Friday, February 23rd. Zacks Investment Research lowered shares of Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, February 26th. DA Davidson reiterated a “buy” rating and issued a $105.00 target price (up previously from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Finally, Needham & Company LLC upped their target price on shares of Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Synopsys has a consensus rating of “Hold” and an average price target of $97.33.
Synopsys, Inc. (SNPS) opened at $89.73 on Monday. The firm has a market cap of $13,345.10, a PE ratio of 332.33, a P/E/G ratio of 5.81 and a beta of 1.09. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 1 year low of $69.42 and a 1 year high of $94.80.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The company had revenue of $769.40 million during the quarter, compared to analyst estimates of $750.43 million. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. equities analysts forecast that Synopsys, Inc. will post 1.54 EPS for the current year.
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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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