Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Champlain Investment Partners LLC

Champlain Investment Partners LLC grew its stake in shares of Synopsys, Inc. (NASDAQ:SNPS) by 14.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 282,926 shares of the semiconductor company’s stock after buying an additional 35,685 shares during the period. Champlain Investment Partners LLC’s holdings in Synopsys were worth $143,271,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SNPS. Nwam LLC acquired a new position in shares of Synopsys in the third quarter valued at approximately $202,000. Citigroup Inc. raised its holdings in Synopsys by 39.7% in the 3rd quarter. Citigroup Inc. now owns 302,866 shares of the semiconductor company’s stock valued at $153,368,000 after acquiring an additional 86,058 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Synopsys by 22.9% in the 3rd quarter. Raymond James Trust N.A. now owns 1,475 shares of the semiconductor company’s stock valued at $747,000 after acquiring an additional 275 shares during the last quarter. AlphaCore Capital LLC lifted its stake in shares of Synopsys by 13.3% during the 3rd quarter. AlphaCore Capital LLC now owns 5,450 shares of the semiconductor company’s stock worth $2,760,000 after purchasing an additional 640 shares during the period. Finally, Edgewood Management LLC grew its position in shares of Synopsys by 18.9% in the third quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company’s stock valued at $1,554,540,000 after purchasing an additional 487,025 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNPS has been the topic of several recent analyst reports. Wells Fargo & Company began coverage on Synopsys in a research report on Friday. They set an “equal weight” rating and a $570.00 target price on the stock. Robert W. Baird raised 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. Loop Capital initiated coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price target on shares of Synopsys in a research note on Tuesday, October 22nd. Finally, Mizuho initiated coverage on shares of Synopsys in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $650.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $644.36.

Synopsys Trading Up 1.3 %

Shares of NASDAQ SNPS opened at $565.07 on Friday. The stock has a fifty day moving average price of $520.78 and a 200 day moving average price of $545.69. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The company has a market cap of $86.80 billion, a P/E ratio of 58.62, a P/E/G ratio of 3.40 and a beta of 1.08.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.15. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Synopsys had a return on equity of 22.09% and a net margin of 24.06%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.17 earnings per share. On average, sell-side analysts forecast that Synopsys, Inc. will post 9.45 EPS for the current fiscal year.

About Synopsys

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.