Tokio Marine Asset Management Co. Ltd. Purchases 37 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Tokio Marine Asset Management Co. Ltd. grew its position in Synopsys, Inc. (NASDAQ:SNPS) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 4,341 shares of the semiconductor company’s stock after buying an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Synopsys were worth $2,198,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Metis Global Partners LLC increased its stake in shares of Synopsys by 3.4% in the 3rd quarter. Metis Global Partners LLC now owns 7,745 shares of the semiconductor company’s stock valued at $3,922,000 after acquiring an additional 256 shares in the last quarter. Curi RMB Capital LLC increased its stake in Synopsys by 1.2% in the third quarter. Curi RMB Capital LLC now owns 89,641 shares of the semiconductor company’s stock valued at $45,393,000 after purchasing an additional 1,094 shares in the last quarter. Bouvel Investment Partners LLC raised its holdings in shares of Synopsys by 0.8% during the third quarter. Bouvel Investment Partners LLC now owns 7,865 shares of the semiconductor company’s stock valued at $3,983,000 after purchasing an additional 63 shares during the period. ROI Financial Advisors LLC bought a new position in shares of Synopsys during the 3rd quarter worth about $330,000. Finally, ICICI Prudential Asset Management Co Ltd grew its stake in shares of Synopsys by 19.1% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 2,005 shares of the semiconductor company’s stock valued at $1,015,000 after buying an additional 322 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SNPS shares. JPMorgan Chase & Co. boosted their price objective on Synopsys from $655.00 to $685.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Loop Capital initiated coverage on shares of Synopsys in a report on Monday. They set a “buy” rating and a $675.00 price objective on the stock. Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $650.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Synopsys from $661.00 to $663.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $640.00 price target on shares of Synopsys in a research report on Tuesday, October 22nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $649.82.

Insider Buying and Selling

In other Synopsys 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 transaction of $5,701,189.77. Following the completion of the transaction, the chief executive officer now owns 62,568 shares in the company, valued at approximately $34,655,789.52. The trade was a 14.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Synopsys Trading Down 1.7 %

Shares of NASDAQ:SNPS opened at $548.31 on Friday. The company has a market cap of $84.23 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 3.40 and a beta of 1.08. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company has a 50-day moving average price of $511.56 and a 200-day moving average price of $545.39.

Synopsys (NASDAQ:SNPS) last announced 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 net margin of 24.06% and a return on equity of 22.09%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company earned $2.17 earnings per share. Synopsys’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Synopsys, Inc. will post 9.45 EPS for the current fiscal 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.