Synopsys, Inc. (SNPS) Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,052 shares of the semiconductor company’s stock after selling 1,884 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Synopsys worth $29,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. increased its holdings in shares of 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 purchasing an additional 147 shares during the period. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 415 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 55 shares during the period. Advisor Group Inc. increased its holdings in shares of 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 purchasing an additional 327 shares during the period. Finally, Lakeview Capital Partners LLC bought a new position in shares of Synopsys during the 3rd quarter worth about $215,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Several research analysts have recently issued reports on the stock. TheStreet downgraded shares of Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Needham & Company LLC boosted their price objective on shares of Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of Synopsys from $100.00 to $110.00 and gave the stock a “top pick” rating in a report on Wednesday, November 22nd. Finally, DA Davidson restated a “buy” rating and set a $105.00 price objective (up previously from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $98.13.

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

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $87.34 on Wednesday. The firm has a market cap of $13,197.04, a PE ratio of 71.90, a P/E/G ratio of 4.00 and a beta of 1.01. Synopsys, Inc. has a 52 week low of $57.80 and a 52 week high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07.

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