Is Synopsys (SNPS) A Worthy Stock Investment?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned Synopsys, Inc. (NASDAQ: SNPS) and discussed its stance on the firm. Synopsys, Inc. is a Mountain View, California-based software company with a $49.7 billion market capitalization. SNPS delivered a -12.03% return since the beginning of the year, while its 12-month returns are up by 17.09%. The stock closed at $324.18 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about Synopsys, Inc. in its Q4 2021 investor letter:

“Synopsys is a semiconductor software company that supplies electronic design automation solutions to the global electronics market. The firm’s shares outperformed in the quarter after management outlined a longer-term vision at the company’s analyst day and suggested a higher level of growth going forward than it has achieved in the previous few years. Synopsys is becoming a key supplier of leading-edge semiconductor designs that are getting increasingly more difficult for chip companies to build on their own. On top of accelerating topline growth, the company also posts healthy profits and robust cash flow generation.”

Photo by Yogesh Phuyal on Unsplash

Our calculations show that Synopsys, Inc. (NASDAQ: SNPS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SNPS was in 43 hedge fund portfolios at the end of the third quarter of 2021, compared to 41 funds in the previous quarter. Synopsys, Inc. (NASDAQ: SNPS) delivered a -3.99% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on SNPS in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.