Bank of New York Mellon Corp trimmed its position in Synopsys, Inc. (NASDAQ:SNPS) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,028,411 shares of the semiconductor company’s stock after selling 14,866 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Synopsys worth $88,001,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Synopsys by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 893,070 shares of the semiconductor company’s stock valued at $74,339,000 after buying an additional 20,989 shares during the last quarter. Brown Advisory Inc. acquired a new stake in shares of Synopsys in the first quarter valued at approximately $322,000. DnB Asset Management AS increased its stake in shares of Synopsys by 4.0% during the second quarter. DnB Asset Management AS now owns 20,969 shares of the semiconductor company’s stock valued at $1,794,000 after acquiring an additional 800 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Synopsys by 44.3% during the second quarter. IFM Investors Pty Ltd now owns 7,822 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 2,400 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Synopsys by 15.0% during the second quarter. State of Alaska Department of Revenue now owns 37,715 shares of the semiconductor company’s stock valued at $3,225,000 after acquiring an additional 4,930 shares during the period. 89.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of SNPS traded up $0.96 on Monday, reaching $92.90. 1,613,200 shares of the company’s stock were exchanged, compared to its average volume of 1,095,349. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 105.57, a price-to-earnings-growth ratio of 3.61 and a beta of 1.29. Synopsys, Inc. has a 12 month low of $80.13 and a 12 month high of $103.40.
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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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