Bedrijfstakpensioenfonds Voor DE Media PNO Has $20.76 Million Position in Synopsys, Inc. (NASDAQ:SNPS)

Bedrijfstakpensioenfonds Voor DE Media PNO boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,000 shares of the semiconductor company's stock after purchasing an additional 7,500 shares during the period. Synopsys accounts for about 2.4% of Bedrijfstakpensioenfonds Voor DE Media PNO's investment portfolio, making the stock its 14th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO's holdings in Synopsys were worth $20,762,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC lifted its position in shares of Synopsys by 600.0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company's stock valued at $25,000 after buying an additional 36 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Synopsys in the third quarter valued at approximately $25,000. Tsfg LLC lifted its position in shares of Synopsys by 75.0% in the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after buying an additional 24 shares during the last quarter. Chris Bulman Inc acquired a new stake in shares of Synopsys in the second quarter valued at approximately $30,000. Finally, Fortitude Family Office LLC lifted its position in shares of Synopsys by 66.7% in the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company's stock valued at $36,000 after buying an additional 24 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on SNPS shares. Robert W. Baird raised their price objective on Synopsys from $661.00 to $663.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $635.00 price objective on shares of Synopsys in a research report on Friday, August 23rd. KeyCorp raised their price objective on Synopsys from $675.00 to $690.00 and gave the company an "overweight" rating in a research report on Thursday, June 27th. Needham & Company LLC reissued a "buy" rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, August 22nd. Finally, Berenberg Bank initiated coverage on Synopsys in a report on Tuesday, October 15th. They set a "buy" rating and a $660.00 price target for the company. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys currently has an average rating of "Buy" and an average target price of $644.00.

Insider Activity

In other news, CEO Sassine Ghazi sold 10,293 shares of Synopsys stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $553.89, for a total value of $5,701,189.77. Following the transaction, the chief executive officer now owns 62,568 shares in the company, valued at approximately $34,655,789.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

Synopsys Price Performance

Synopsys stock traded down $1.44 during mid-day trading on Monday, reaching $505.59. 818,931 shares of the company were exchanged, compared to its average volume of 1,079,213. The company has a fifty day simple moving average of $511.71 and a 200-day simple moving average of $547.12. Synopsys, Inc. has a 12 month low of $448.91 and a 12 month high of $629.38. The firm has a market cap of $77.66 billion, a PE ratio of 52.45, a PEG ratio of 3.47 and a beta of 1.08.

Synopsys (NASDAQ:SNPS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.15. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company posted $2.17 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts anticipate that Synopsys, Inc. will post 9.45 earnings per share for the current year.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.