New York State Common Retirement Fund Grows Position in Synopsys, Inc. (SNPS)

New York State Common Retirement Fund increased its position in Synopsys, Inc. (NASDAQ:SNPS) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 616,501 shares of the semiconductor company’s stock after acquiring an additional 50,696 shares during the period. New York State Common Retirement Fund owned approximately 0.41% of Synopsys worth $49,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNPS. Strs Ohio grew its holdings in shares of Synopsys by 24.3% in the 2nd quarter. Strs Ohio now owns 19,275 shares of the semiconductor company’s stock worth $1,405,000 after acquiring an additional 3,768 shares during the period. IFP Advisors Inc grew its holdings in shares of Synopsys by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 415 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of Synopsys by 21.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,176,721 shares of the semiconductor company’s stock worth $88,101,000 after acquiring an additional 205,781 shares during the period. Global X Management Co. LLC grew its holdings in shares of Synopsys by 61.0% in the 2nd quarter. Global X Management Co. LLC now owns 4,905 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 1,858 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Synopsys by 18.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 604,500 shares of the semiconductor company’s stock worth $44,086,000 after acquiring an additional 95,300 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

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

SNPS has been the topic of a number of research reports. Credit Suisse Group restated an “outperform” rating on shares of Synopsys in a report on Thursday, August 31st. Royal Bank Of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and upped their target price for the company from $90.00 to $100.00 in a research note on Wednesday, October 25th. Zacks Investment Research lowered Synopsys from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. reaffirmed an “average” rating on shares of Synopsys in a research note on Thursday, September 14th. Finally, DA Davidson reaffirmed 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.13.

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

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

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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