Arizona State Retirement System boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,300 shares of the semiconductor company’s stock after acquiring an additional 3,446 shares during the period. Arizona State Retirement System owned approximately 0.07% of Synopsys worth $8,891,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in shares of Synopsys in the 4th quarter worth approximately $124,000. IBM Retirement Fund bought a new position in Synopsys in the 4th quarter worth approximately $201,000. Conning Inc. bought a new position in Synopsys in the 4th quarter worth approximately $205,000. Checchi Capital Advisers LLC bought a new position in Synopsys in the 4th quarter worth approximately $205,000. Finally, Tiemann Investment Advisors LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.
In related news, CEO Chi-Foon Chan sold 3,609 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $84.77, for a total transaction of $305,934.93. Following the sale, the chief executive officer now owns 209,244 shares of the company’s stock, valued at approximately $17,737,613.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Walske sold 4,545 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $90.12, for a total transaction of $409,595.40. Following the completion of the transaction, the director now directly owns 14,988 shares in the company, valued at approximately $1,350,718.56. The disclosure for this sale can be found here. In the last three months, insiders sold 59,540 shares of company stock worth $5,148,688. Insiders own 1.84% of the company’s stock.
Synopsys, Inc. (SNPS) traded down $0.66 on Wednesday, reaching $87.82. 620,177 shares of the company’s stock traded hands, compared to its average volume of 1,087,541. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $13,249.92, a P/E ratio of 325.26, a P/E/G ratio of 5.77 and a beta of 1.09. Synopsys, Inc. has a 12-month low of $69.42 and a 12-month high of $94.80.
Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $769.40 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.94 earnings per share. analysts forecast that Synopsys, Inc. will post 1.54 earnings per share for the current fiscal 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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