Guggenheim Capital LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 38.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 897,057 shares of the semiconductor company’s stock after acquiring an additional 249,151 shares during the quarter. Guggenheim Capital LLC owned 0.60% of Synopsys worth $76,467,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Group LLC purchased a new stake in shares of Synopsys during the 4th quarter worth about $10,980,000. Dorsey Wright & Associates raised its stake in shares of Synopsys by 33.6% during the 4th quarter. Dorsey Wright & Associates now owns 33,320 shares of the semiconductor company’s stock worth $2,840,000 after purchasing an additional 8,381 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Synopsys by 50.2% during the 4th quarter. Advisor Group Inc. now owns 5,511 shares of the semiconductor company’s stock worth $470,000 after purchasing an additional 1,841 shares in the last quarter. Swedbank raised its stake in shares of Synopsys by 7.6% during the 4th quarter. Swedbank now owns 2,433,192 shares of the semiconductor company’s stock worth $207,406,000 after purchasing an additional 171,085 shares in the last quarter. Finally, Dynamic Capital Management Ltd purchased a new stake in shares of Synopsys during the 4th quarter worth about $1,667,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.
Synopsys, Inc. (NASDAQ:SNPS) opened at $89.73 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a one year low of $69.42 and a one year high of $94.80. The firm has a market capitalization of $13,345.10, a P/E ratio of 332.33, a P/E/G ratio of 5.81 and a beta of 1.09.
In related news, Director Chrysostomos L. Nikias sold 21,073 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $85.88, for a total value of $1,809,749.24. Following the transaction, the director now directly owns 32,466 shares of the company’s stock, valued at approximately $2,788,180.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Chi-Foon Chan sold 3,609 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $84.77, for a total value of $305,934.93. Following the completion of the transaction, the chief executive officer now directly owns 209,244 shares in the company, valued at $17,737,613.88. The disclosure for this sale can be found here. Insiders sold a total of 49,540 shares of company stock worth $4,278,688 over the last three months. 1.84% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on SNPS shares. DA Davidson reaffirmed a “buy” rating and set a $105.00 price target (up from $91.00) on shares of Synopsys in a research note on Tuesday, November 28th. Royal Bank of Canada raised their price target on Synopsys from $100.00 to $110.00 and gave the stock a “top pick” rating in a research note on Wednesday, November 22nd. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Finally, Needham & Company LLC raised their price target on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.33.
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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.
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