217,593 Shares in Synopsys, Inc. (SNPS) Purchased by Lunia Capital LP

Lunia Capital LP purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 217,593 shares of the semiconductor company’s stock, valued at approximately $18,330,000. Synopsys comprises 4.0% of Lunia Capital LP’s holdings, making the stock its 7th biggest holding. Lunia Capital LP owned about 0.15% of Synopsys at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in Synopsys during the third quarter worth about $209,000. Janney Montgomery Scott LLC acquired a new stake in Synopsys in the third quarter valued at approximately $387,000. JPMorgan Chase & Co. grew its holdings in Synopsys by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 3,125,440 shares of the semiconductor company’s stock valued at $308,202,000 after purchasing an additional 90,267 shares during the period. MML Investors Services LLC grew its holdings in Synopsys by 44.4% in the third quarter. MML Investors Services LLC now owns 6,780 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 2,086 shares during the period. Finally, Piedmont Investment Advisors Inc. grew its holdings in Synopsys by 46.3% in the third quarter. Piedmont Investment Advisors Inc. now owns 2,545 shares of the semiconductor company’s stock valued at $251,000 after purchasing an additional 806 shares during the period. Institutional investors own 90.59% of the company’s stock.

SNPS has been the topic of several research reports. BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 13th. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a research report on Monday, February 25th. DA Davidson lifted their price objective on Synopsys to $125.00 and gave the stock a “positive” rating in a research report on Thursday, February 21st. Benchmark upgraded Synopsys from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Thursday, December 6th. Finally, Needham & Company LLC lifted their price objective on Synopsys from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, December 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $112.63.

Shares of NASDAQ SNPS traded down $0.61 during trading on Monday, reaching $109.70. The stock had a trading volume of 6,344 shares, compared to its average volume of 1,167,443. Synopsys, Inc. has a fifty-two week low of $79.14 and a fifty-two week high of $112.93. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $16.45 billion, a PE ratio of 38.89, a PEG ratio of 3.52 and a beta of 1.29.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.51. Synopsys had a return on equity of 17.23% and a net margin of 18.59%. The business had revenue of $820.40 million during the quarter, compared to analysts’ expectations of $796.30 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that Synopsys, Inc. will post 3.13 earnings per share for the current year.

In other Synopsys news, CEO Chi-Foon Chan sold 85,105 shares of Synopsys stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $102.20, for a total transaction of $8,697,731.00. Following the completion of the sale, the chief executive officer now directly owns 294,218 shares of the company’s stock, valued at approximately $30,069,079.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel John F. Runkel, Jr. sold 5,000 shares of Synopsys stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $109.51, for a total value of $547,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,190 shares of company stock valued at $13,553,118 over the last ninety days. 1.84% of the stock is owned by company insiders.

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Synopsys Profile

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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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