Thompson Siegel & Walmsley LLC cut its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS) by 33.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 525,905 shares of the semiconductor company’s stock after selling 261,082 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.35% of Synopsys worth $42,351,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Synopsys during the 3rd quarter valued at about $1,052,000. Macquarie Group Ltd. grew its position in shares of Synopsys by 6.0% during the 3rd quarter. Macquarie Group Ltd. now owns 1,902,891 shares of the semiconductor company’s stock valued at $153,240,000 after acquiring an additional 107,627 shares during the period. 361 Capital LLC acquired a new stake in shares of Synopsys during the 3rd quarter valued at about $2,166,000. SG Americas Securities LLC grew its position in shares of Synopsys by 21.5% during the 3rd quarter. SG Americas Securities LLC now owns 17,563 shares of the semiconductor company’s stock valued at $1,414,000 after acquiring an additional 3,113 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Synopsys by 8.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,298 shares of the semiconductor company’s stock valued at $749,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Synopsys, Inc. (NASDAQ SNPS) traded up $0.54 during mid-day trading on Tuesday, reaching $88.90. The company had a trading volume of 721,400 shares, compared to its average volume of 1,048,864. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 12 month low of $56.03 and a 12 month high of $89.40. The firm has a market cap of $13,360.00, a PE ratio of 35.49, a price-to-earnings-growth ratio of 4.02 and a beta of 1.00.

A number of equities research analysts have recently commented on SNPS shares. Credit Suisse Group restated an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. Royal Bank Of Canada upgraded Synopsys from an “outperform” rating to a “top pick” rating and lifted their price objective for the stock from $90.00 to $100.00 in a report on Wednesday, October 25th. BidaskClub upgraded Synopsys from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut Synopsys from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, reiterated an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $85.25.

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Synopsys 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.

Institutional Ownership by Quarter for Synopsys (NASDAQ:SNPS)

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