Hunter Associates Investment Management LLC boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 70.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,078 shares of the semiconductor company’s stock after purchasing an additional 2,514 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Synopsys were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management increased its stake in Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares during the last quarter. TFC Financial Management Inc. increased its stake in Synopsys by 1,250.0% during the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Synopsys during the third quarter worth about $27,000. SOA Wealth Advisors LLC. acquired a new stake in Synopsys during the third quarter worth about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Synopsys during the fourth quarter worth about $28,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Price Performance
SNPS stock opened at $397.90 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. Synopsys, Inc. has a 1 year low of $375.97 and a 1 year high of $651.73. The firm has a market cap of $76.22 billion, a P/E ratio of 61.79, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15. The stock has a 50-day simple moving average of $426.59 and a 200-day simple moving average of $448.74.
Insider Activity
In other news, insider Janet Lee sold 250 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the sale, the insider owned 11,959 shares in the company, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on SNPS shares. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research note on Friday, February 20th. Morgan Stanley restated an “equal weight” rating and set a $480.00 price target (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Wells Fargo & Company dropped their price target on Synopsys from $500.00 to $450.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Rosenblatt Securities dropped their price target on Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $531.00.
View Our Latest Analysis on SNPS
Synopsys Profile
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
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