Dupont Capital Management Corp grew its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,373 shares of the semiconductor company’s stock after buying an additional 1,549 shares during the quarter. Dupont Capital Management Corp’s holdings in Synopsys were worth $790,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Synopsys by 32.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,340,021 shares of the semiconductor company’s stock valued at $132,140,000 after buying an additional 325,570 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Synopsys by 3.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 42,390 shares of the semiconductor company’s stock valued at $3,571,000 after purchasing an additional 1,308 shares in the last quarter. Dorsey Wright & Associates lifted its position in shares of Synopsys by 4.3% in the fourth quarter. Dorsey Wright & Associates now owns 40,180 shares of the semiconductor company’s stock valued at $3,385,000 after acquiring an additional 1,657 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Synopsys by 1.3% in the third quarter. Vanguard Group Inc now owns 15,851,502 shares of the semiconductor company’s stock valued at $1,563,115,000 after acquiring an additional 204,619 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Synopsys in the third quarter worth about $387,000. Institutional investors own 89.74% of the company’s stock.
A number of research analysts have recently commented on SNPS shares. BidaskClub raised Synopsys from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Zacks Investment Research raised Synopsys from a “hold” rating to a “strong-buy” rating and set a $105.00 target price on the stock in a research report on Monday, December 10th. Benchmark raised Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Thursday, December 6th. Needham & Company LLC raised their target price on Synopsys from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 6th. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a research note on Tuesday, November 20th. They issued a “buy” rating and a $119.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $109.25.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, December 5th. The semiconductor company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.37. Synopsys had a net margin of 13.86% and a return on equity of 16.91%. The company had revenue of $795.08 million for the quarter, compared to the consensus estimate of $794.55 million. Equities analysts forecast that Synopsys, Inc. will post 2.67 earnings per share for the current year.
In other Synopsys news, Chairman Geus Aart De sold 50,000 shares of Synopsys stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $89.34, for a total value of $4,467,000.00. Following the completion of the sale, the chairman now directly owns 23,757 shares in the company, valued at $2,122,450.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Chi-Foon Chan sold 3,611 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $88.28, for a total transaction of $318,779.08. Following the completion of the sale, the chief executive officer now owns 198,633 shares of the company’s stock, valued at $17,535,321.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,611 shares of company stock worth $6,569,379. 1.84% of the stock is currently owned by insiders.
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.
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