Synopsys, Inc. (SNPS) Stake Raised by Jefferies Group LLC

Jefferies Group LLC grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 59.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,593 shares of the semiconductor company’s stock after acquiring an additional 23,642 shares during the quarter. Jefferies Group LLC’s holdings in Synopsys were worth $6,271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Robecosam AG raised its stake in shares of Synopsys by 22.4% in the second quarter. Robecosam AG now owns 3,000 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 550 shares during the period. Intrust Bank NA raised its stake in shares of Synopsys by 11.9% in the second quarter. Intrust Bank NA now owns 5,681 shares of the semiconductor company’s stock valued at $486,000 after acquiring an additional 606 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Synopsys by 1.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,907 shares of the semiconductor company’s stock valued at $3,442,000 after acquiring an additional 625 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Synopsys by 1.4% in the third quarter. Gulf International Bank UK Ltd now owns 46,366 shares of the semiconductor company’s stock valued at $4,572,000 after acquiring an additional 647 shares during the period. Finally, C M Bidwell & Associates Ltd. increased its stake in Synopsys by 7.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 9,790 shares of the semiconductor company’s stock worth $965,000 after buying an additional 670 shares during the period. 89.63% of the stock is currently owned by institutional investors and hedge funds.

SNPS stock opened at $87.82 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $13.55 billion, a P/E ratio of 31.14, a P/E/G ratio of 3.20 and a beta of 1.29. Synopsys, Inc. has a 12 month low of $80.13 and a 12 month high of $103.40.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, December 5th. The semiconductor company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.37. The business had revenue of $795.08 million for the quarter, compared to the consensus estimate of $794.55 million. Synopsys had a net margin of 13.86% and a return on equity of 16.91%. On average, equities research analysts expect that Synopsys, Inc. will post 2.85 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Needham & Company LLC raised their price target on shares of Synopsys from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. BidaskClub downgraded shares of Synopsys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 19th. KeyCorp raised their price target on shares of Synopsys from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 23rd. Benchmark raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Thursday. Finally, Zacks Investment Research raised shares of Synopsys from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $108.50.

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Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; 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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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