Synopsys, Inc. (SNPS) Shares Sold by Sawtooth Solutions LLC

Sawtooth Solutions LLC reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,211 shares of the semiconductor company’s stock after selling 287 shares during the period. Sawtooth Solutions LLC’s holdings in Synopsys were worth $232,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its stake in Synopsys by 79.4% in the first quarter. Parametric Portfolio Associates LLC now owns 431,666 shares of the semiconductor company’s stock worth $31,136,000 after buying an additional 191,074 shares during the last quarter. Toronto Dominion Bank raised its stake in Synopsys by 2,998.4% in the first quarter. Toronto Dominion Bank now owns 40,651 shares of the semiconductor company’s stock worth $2,931,000 after buying an additional 39,339 shares during the last quarter. Commerce Bank raised its stake in Synopsys by 13.5% in the first quarter. Commerce Bank now owns 7,694 shares of the semiconductor company’s stock worth $555,000 after buying an additional 913 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in Synopsys by 6.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,487 shares of the semiconductor company’s stock worth $110,000 after buying an additional 92 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Synopsys by 31.2% in the first quarter. TD Asset Management Inc. now owns 345,953 shares of the semiconductor company’s stock worth $24,954,000 after buying an additional 82,280 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

Shares of Synopsys, Inc. (NASDAQ:SNPS) traded up 0.08% during midday trading on Friday, hitting $70.99. The stock had a trading volume of 2,324,633 shares. The stock has a market cap of $10.69 billion, a PE ratio of 39.66 and a beta of 0.87. Synopsys, Inc. has a 12 month low of $48.99 and a 12 month high of $75.34. The stock’s 50-day moving average is $72.89 and its 200-day moving average is $66.08.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, May 17th. The semiconductor company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Synopsys had a return on equity of 11.51% and a net margin of 11.01%. The firm had revenue of $680.07 million during the quarter, compared to analysts’ expectations of $672.40 million. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that Synopsys, Inc. will post $3.28 EPS for the current year.

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A number of equities research analysts recently commented on the company. Bank of America Corp reissued a “buy” rating and issued a $87.00 price target (up from $80.00) on shares of Synopsys in a research report on Friday. DA Davidson reissued a “buy” rating and issued a $85.00 price target (up from $77.00) on shares of Synopsys in a research report on Friday. Pacific Crest reissued an “overweight” rating and issued a $86.00 price target (up from $78.00) on shares of Synopsys in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target (up from $77.00) on shares of Synopsys in a research report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $77.00 price target (up from $76.00) on shares of Synopsys in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $75.78.

In other news, Director Steven Walske sold 9,074 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $71.02, for a total value of $644,435.48. Following the completion of the transaction, the director now owns 17,080 shares in the company, valued at $1,213,021.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred Castino sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $70.62, for a total value of $847,440.00. Following the completion of the transaction, the director now owns 15,982 shares of the company’s stock, valued at approximately $1,128,648.84. The disclosure for this sale can be found here. Insiders sold 60,973 shares of company stock valued at $4,334,280 in the last 90 days. Company insiders own 1.62% of the company’s stock.

About Synopsys

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

5 Day Chart for NASDAQ:SNPS

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