Rothschild & Co. Asset Management US Inc. Has $46.64 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

Rothschild & Co. Asset Management US Inc. decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,388 shares of the semiconductor company’s stock after selling 59,438 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned 0.24% of Synopsys worth $46,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in Synopsys by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 2,244,335 shares of the semiconductor company’s stock worth $188,775,000 after acquiring an additional 109,140 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Synopsys during the 4th quarter worth approximately $327,000. State of Alaska Department of Revenue raised its holdings in Synopsys by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 37,607 shares of the semiconductor company’s stock worth $4,327,000 after buying an additional 100 shares during the period. We Are One Seven LLC raised its holdings in Synopsys by 90.4% during the 1st quarter. We Are One Seven LLC now owns 12,263 shares of the semiconductor company’s stock worth $1,412,000 after buying an additional 5,821 shares during the period. Finally, Atalanta Sosnoff Capital LLC acquired a new stake in Synopsys during the 1st quarter worth approximately $389,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ SNPS traded down $5.33 during midday trading on Monday, reaching $124.02. The company’s stock had a trading volume of 41,123 shares, compared to its average volume of 832,254. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.85. Synopsys, Inc. has a fifty-two week low of $79.14 and a fifty-two week high of $138.72. The company has a market cap of $19.39 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 3.88 and a beta of 1.27. The stock has a 50 day simple moving average of $132.60.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Synopsys had a net margin of 18.74% and a return on equity of 16.88%. The company had revenue of $836.20 million for the quarter, compared to the consensus estimate of $829.41 million. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Synopsys, Inc. will post 3.03 EPS for the current fiscal year.

In other news, VP Sudhindra Kankanwadi sold 3,133 shares of Synopsys stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $121.88, for a total value of $381,850.04. Following the sale, the vice president now directly owns 8,416 shares in the company, valued at $1,025,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Geus Aart De sold 156,100 shares of Synopsys stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $117.15, for a total transaction of $18,287,115.00. Following the completion of the sale, the chairman now owns 189,894 shares in the company, valued at $22,246,082.10. The disclosure for this sale can be found here. Insiders sold 207,180 shares of company stock worth $24,653,559 over the last quarter. 1.84% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. Wells Fargo & Co assumed coverage on shares of Synopsys in a report on Tuesday, May 14th. They set an “outperform” rating and a $135.00 target price on the stock. BidaskClub downgraded shares of Synopsys from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. KeyCorp raised their target price on shares of Synopsys from $135.00 to $152.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Royal Bank of Canada raised their target price on shares of Synopsys from $130.00 to $140.00 and gave the stock a “top pick” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “sell” rating and set a $143.00 target price on the stock. in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $128.00.

Synopsys Company 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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