Cambridge Investment Research Advisors Inc. Trims Position in Synopsys, Inc. (NASDAQ:SNPS)

Cambridge Investment Research Advisors Inc. reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Get Rating) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,354 shares of the semiconductor company’s stock after selling 173 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Synopsys were worth $752,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SNPS. Kistler Tiffany Companies LLC acquired a new position in Synopsys during the fourth quarter worth about $32,000. Altshuler Shaham Ltd acquired a new position in Synopsys during the third quarter worth about $35,000. Raleigh Capital Management Inc. grew its position in shares of Synopsys by 78.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 125 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 55 shares during the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Synopsys by 166.2% in the fourth quarter. TCI Wealth Advisors Inc. now owns 173 shares of the semiconductor company’s stock valued at $55,000 after purchasing an additional 108 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Synopsys in the fourth quarter valued at approximately $57,000. 84.68% of the stock is owned by hedge funds and other institutional investors.

Synopsys Trading Down 1.7 %

SNPS stock opened at $401.68 on Tuesday. Synopsys, Inc. has a 52 week low of $267.00 and a 52 week high of $418.40. The company has a market capitalization of $61.18 billion, a price-to-earnings ratio of 67.74, a price-to-earnings-growth ratio of 3.62 and a beta of 1.18. The firm’s 50-day moving average is $376.43 and its two-hundred day moving average is $352.37.

Synopsys (NASDAQ:SNPS – Get Rating) last released its earnings results on Wednesday, May 17th. The semiconductor company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. Synopsys had a net margin of 17.41% and a return on equity of 16.29%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $1.89 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Synopsys, Inc. will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on SNPS. StockNews.com began coverage on shares of Synopsys in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Robert W. Baird increased their price target on shares of Synopsys from $445.00 to $447.00 in a research note on Thursday, May 18th. Needham & Company LLC increased their price target on shares of Synopsys from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Wells Fargo & Company increased their price target on shares of Synopsys from $410.00 to $420.00 in a research note on Thursday, May 18th. Finally, Rosenblatt Securities raised their target price on shares of Synopsys from $420.00 to $448.00 in a research note on Thursday, May 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $434.70.

Insider Transactions at Synopsys

In other news, CAO Sudhindra Kankanwadi sold 4,000 shares of Synopsys stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $391.43, for a total value of $1,565,720.00. Following the transaction, the chief accounting officer now directly owns 16,758 shares of the company’s stock, valued at $6,559,583.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

Synopsys Profile

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Synopsys, Inc engages in the provision of software products and consulting services in the electronic design automation industry. It operates through the following segments: Semiconductor and System Design, and Software Integrity. The Semiconductor and System Design segment includes the EDA, IP and System Integration.