Airain ltd boosted its position in Synopsys, Inc. (NASDAQ:SNPS) by 170.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,717 shares of the semiconductor company’s stock after buying an additional 49,031 shares during the period. Airain ltd owned 0.05% of Synopsys worth $5,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Credit Suisse AG increased its position in Synopsys by 14.4% in the first quarter. Credit Suisse AG now owns 399,430 shares of the semiconductor company’s stock worth $28,810,000 after buying an additional 50,214 shares during the period. Shelton Capital Management purchased a new position in Synopsys during the first quarter worth about $821,000. Origin Asset Management LLP increased its position in Synopsys by 6.1% in the first quarter. Origin Asset Management LLP now owns 300,383 shares of the semiconductor company’s stock worth $21,667,000 after buying an additional 17,183 shares during the period. ING Groep NV purchased a new position in Synopsys during the first quarter worth about $555,000. Finally, Morgan Stanley increased its position in Synopsys by 155.6% in the first quarter. Morgan Stanley now owns 1,081,104 shares of the semiconductor company’s stock worth $77,979,000 after buying an additional 658,199 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) opened at 78.49 on Monday. The company has a market capitalization of $11.79 billion, a PE ratio of 36.85 and a beta of 1.02. The company has a 50-day moving average price of $76.47 and a 200-day moving average price of $73.39. Synopsys, Inc. has a one year low of $56.03 and a one year high of $79.66.

Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, August 16th. The semiconductor company reported $0.92 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. The business had revenue of $695.40 million for the quarter, compared to the consensus estimate of $691.22 million. Synopsys had a net margin of 12.37% and a return on equity of 11.60%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Analysts expect that Synopsys, Inc. will post $3.31 earnings per share for the current fiscal year.

Synopsys announced that its Board of Directors has authorized a stock buyback plan on Friday, June 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of equities analysts have recently issued reports on SNPS shares. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Synopsys from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price target (up from $77.00) on shares of Synopsys in a research note on Thursday, May 18th. J P Morgan Chase & Co restated an “average” rating on shares of Synopsys in a research note on Friday, May 26th. Finally, Credit Suisse Group restated a “positive” rating and issued a $90.00 price target (up from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.38.

In other news, CEO Chi-Foon Chan sold 3,750 shares of Synopsys stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $77.50, for a total value of $290,625.00. Following the sale, the chief executive officer now owns 200,429 shares of the company’s stock, valued at $15,533,247.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $76.99, for a total transaction of $384,950.00. Following the completion of the sale, the executive vice president now directly owns 63,793 shares in the company, valued at approximately $4,911,423.07. The disclosure for this sale can be found here. 1.82% of the stock is owned by insiders.

Synopsys Company Profile

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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Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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