Market Runner: Synopsys Inc (NASDAQ:SNPS) Institutional Investor Positioning Change

November 29, 2016 - By Darrin Black   ·   0 Comments

Market Runner: Synopsys Inc (NASDAQ:SNPS) Institutional Investor Positioning Change

Sentiment for Synopsys Inc (NASDAQ:SNPS)

Synopsys Inc (NASDAQ:SNPS) institutional sentiment increased to 1.39 in Q2 2016. Its up 0.29, from 1.1 in 2016Q1. The ratio improved, as 160 institutional investors opened new and increased stock positions, while 146 trimmed and sold equity positions in Synopsys Inc. The institutional investors in our partner’s database now hold: 135.51 million shares, down from 137.58 million shares in 2016Q1. Also, the number of institutional investors holding Synopsys Inc in their top 10 stock positions increased from 7 to 9 for an increase of 2. Sold All: 29 Reduced: 117 Increased: 124 New Position: 36.

Synopsys, Inc. provides software, intellectual property and services. The company has a market cap of $9.25 billion. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It has a 39.1 P/E ratio. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves.

About 359,460 shares traded hands. Synopsys, Inc. (NASDAQ:SNPS) has risen 26.42% since April 26, 2016 and is uptrending. It has outperformed by 21.16% the S&P500.

Analysts await Synopsys, Inc. (NASDAQ:SNPS) to report earnings on November, 30 after the close. They expect $0.46 EPS, up 48.39% or $0.15 from last year’s $0.31 per share. SNPS’s profit will be $69.31 million for 33.36 P/E if the $0.46 EPS becomes a reality. After $0.61 actual EPS reported by Synopsys, Inc. for the previous quarter, Wall Street now forecasts -24.59% negative EPS growth.

According to Zacks Investment Research, “Synopsys, Inc. is one of the leading suppliers of electronic design automation software to the global electronics industry. The company’s products are used by designers of integrated circuits, including system-on-a-chip integrated circuits, and the electronic products that use such integrated circuits to automate significant portions of their chip design process. Integrated circuits are distinguished by the speed at which they run, their area, the amount of power they consume and the cost of production.”

Westport Advisers Llc holds 8.05% of its portfolio in Synopsys, Inc. for 807,012 shares. Robertson Opportunity Capital Llc owns 135,000 shares or 5.86% of their US portfolio. Moreover, Bernzott Capital Advisors has 4.11% invested in the company for 389,284 shares. The New York-based Alkeon Capital Management Llc has invested 3.53% in the stock. Kerrisdale Advisers Llc, a New York-based fund reported 260,215 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 9 insider sales for $27.03 million net activity.

Synopsys, Inc. (NASDAQ:SNPS) Ratings Coverage

Ratings analysis reveals 71% of Synopsys Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Synopsys Inc., 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $50 while the high is $75. The stock’s average target of $62.13 is 1.22% above today’s ($61.38) share price. SNPS was included in 15 notes of analysts from August 20, 2015. Benchmark maintained the stock with “Hold” rating in Thursday, August 18 report. The firm earned “Buy” rating on Thursday, August 18 by Needham. Bank of America initiated the stock with “Average” rating in Friday, August 28 report. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, June 6 report. DA Davidson maintained Synopsys, Inc. (NASDAQ:SNPS) rating on Thursday, August 18. DA Davidson has “Buy” rating and $64 price target. The rating was initiated by Benchmark with “Hold” on Wednesday, September 9. The rating was maintained by Pacific Crest on Tuesday, August 25 with “Buy”. On Wednesday, October 19 the stock rating was initiated by Credit Suisse with “Outperform”. The rating was maintained by with “Buy” on Monday, October 10.

SNPS Company Profile

Synopsys, Inc., incorporated on May 7, 1987, provides software, intellectual property (IP) and services. The Firm supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs), also known as chips. The Firm also offers IP products, which are pre-designed circuits that engineers use as components of larger chip creates rather than designing those circuits themselves. The Firm provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. The Firm provides technical services to support its solutions and help its clients develop chips and electronic systems. The Firm is also a well-known provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy and industrials. The Firm offers services and products in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.

Another recent and important Synopsys, Inc. (NASDAQ:SNPS) news was published by Prnewswire.com which published an article titled: “Synopsys Announces Earnings Release Date for Fourth Quarter and Fiscal Year 2016” on November 09, 2016.

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By Darrin Black

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