JPMorgan Chase & Co. Purchases 80,295 Shares of Synopsys, Inc. (NASDAQ:SNPS)

JPMorgan Chase & Co. boosted its stake in Synopsys, Inc. (NASDAQ:SNPSGet Rating) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,661,122 shares of the semiconductor company’s stock after purchasing an additional 80,295 shares during the period. JPMorgan Chase & Co.’s holdings in Synopsys were worth $1,717,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNPS. FMR LLC increased its holdings in Synopsys by 1.1% in the first quarter. FMR LLC now owns 257,171 shares of the semiconductor company’s stock valued at $29,613,000 after purchasing an additional 2,914 shares during the period. First Horizon Advisors Inc. grew its holdings in Synopsys by 36.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 478 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 128 shares during the period. Sawtooth Solutions LLC grew its holdings in Synopsys by 16.0% during the 3rd quarter. Sawtooth Solutions LLC now owns 920 shares of the semiconductor company’s stock worth $275,000 after acquiring an additional 127 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Synopsys by 33.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 39,409 shares of the semiconductor company’s stock worth $11,799,000 after acquiring an additional 9,830 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Synopsys during the 3rd quarter worth about $8,451,000. Institutional investors and hedge funds own 84.71% of the company’s stock.

In related news, CEO Chi-Foon Chan sold 12,570 shares of the firm’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $289.25, for a total value of $3,635,872.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Joseph W. Logan sold 86,973 shares of the firm’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $289.40, for a total transaction of $25,169,986.20. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Shares of SNPS traded up $13.93 during trading hours on Friday, hitting $275.99. The stock had a trading volume of 917,711 shares, compared to its average volume of 896,603. The firm has a 50 day simple moving average of $302.90 and a 200-day simple moving average of $321.52. The firm has a market capitalization of $42.25 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 2.86 and a beta of 1.21. Synopsys, Inc. has a 1-year low of $229.04 and a 1-year high of $377.60.

Synopsys (NASDAQ:SNPSGet Rating) last issued its earnings results on Wednesday, February 16th. The semiconductor company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). Synopsys had a net margin of 20.18% and a return on equity of 16.74%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 30.9% on a year-over-year basis. On average, research analysts forecast that Synopsys, Inc. will post 5.63 EPS for the current fiscal year.

Separately, StockNews.com downgraded Synopsys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Synopsys presently has a consensus rating of “Buy” and an average target price of $385.78.

Synopsys Company Profile (Get Rating)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that 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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