Synopsys, Inc. (SNPS) Holdings Lessened by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 30.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,000 shares of the semiconductor company’s stock after selling 8,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Synopsys were worth $1,313,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SNPS. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Synopsys by 11.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 147 shares during the period. IFP Advisors Inc grew its position in Synopsys by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 415 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Synopsys by 101.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,216 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 1,116 shares in the last quarter. Advisor Group Inc. grew its position in Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Synopsys by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,861 shares of the semiconductor company’s stock valued at $206,000 after buying an additional 88 shares in the last quarter. 88.83% of the stock is currently owned by institutional investors.

In other Synopsys news, EVP Joseph W. Logan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $76.99, for a total transaction of $384,950.00. Following the completion of the transaction, the executive vice president now owns 63,793 shares of the company’s stock, valued at approximately $4,911,423.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $77.50, for a total value of $290,625.00. Following the completion of the transaction, the chief executive officer now directly owns 200,429 shares of the company’s stock, valued at approximately $15,533,247.50. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by corporate insiders.

Synopsys, Inc. (NASDAQ SNPS) opened at 84.07 on Tuesday. Synopsys, Inc. has a 12 month low of $56.03 and a 12 month high of $85.00. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 39.47 and a beta of 1.00. The company’s 50-day moving average is $80.70 and its 200 day moving average is $76.03.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.92. Synopsys had a return on equity of 11.60% and a net margin of 12.37%. The business had revenue of $695.40 million during the quarter, compared to analysts’ expectations of $691.22 million. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. Equities analysts forecast that Synopsys, Inc. will post $3.31 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Credit Suisse Group restated a “positive” rating and set a $90.00 price objective (up previously from $82.00) on shares of Synopsys in a research report on Tuesday, August 15th. Needham & Company LLC restated a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a research report on Thursday, August 17th. Zacks Investment Research cut shares of Synopsys from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Royal Bank Of Canada raised their target price on shares of Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Synopsys has an average rating of “Buy” and a consensus target price of $84.00.

Synopsys 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.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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