CWM Advisors LLC Raises Stock Position in Synopsys, Inc. (NASDAQ:SNPS)

CWM Advisors LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 7.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,488 shares of the semiconductor company’s stock after purchasing an additional 227 shares during the period. CWM Advisors LLC’s holdings in Synopsys were worth $486,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quest Capital Management Inc. ADV acquired a new stake in shares of Synopsys in the 3rd quarter worth approximately $25,000. Usca Ria LLC purchased a new position in Synopsys in the 3rd quarter valued at approximately $42,000. Flagship Harbor Advisors LLC raised its holdings in Synopsys by 55.9% during the third quarter. Flagship Harbor Advisors LLC now owns 354 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 127 shares during the last quarter. MUFG Americas Holdings Corp acquired a new position in Synopsys during the third quarter worth $55,000. Finally, Shine Investment Advisory Services Inc. boosted its position in Synopsys by 25.8% during the third quarter. Shine Investment Advisory Services Inc. now owns 594 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 87.93% of the company’s stock.

Shares of NASDAQ:SNPS opened at $154.05 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.91 and a current ratio of 0.99. The business’s fifty day moving average price is $142.45 and its two-hundred day moving average price is $137.82. The stock has a market cap of $23.33 billion, a PE ratio of 44.39, a price-to-earnings-growth ratio of 3.23 and a beta of 1.18. Synopsys, Inc. has a one year low of $89.77 and a one year high of $156.97.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.02. Synopsys had a return on equity of 13.54% and a net margin of 15.84%. The company had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $847.34 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Synopsys, Inc. will post 3.76 earnings per share for the current fiscal year.

Several research firms have weighed in on SNPS. DA Davidson reissued a “buy” rating and issued a $175.00 target price on shares of Synopsys in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Synopsys in a research note on Thursday, December 5th. BidaskClub upgraded shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. KeyCorp increased their price objective on shares of Synopsys from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, ValuEngine cut shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $156.44.

In related news, General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $141.15, for a total transaction of $1,411,500.00. Following the completion of the sale, the general counsel now owns 23,607 shares in the company, valued at approximately $3,332,128.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.84% of the company’s stock.

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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