PKO Investment Management Joint Stock Co grew its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the semiconductor company’s stock after acquiring an additional 2,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Synopsys were worth $3,993,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Alpine Bank Wealth Management boosted its holdings 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 period. TFC Financial Management Inc. raised its position in Synopsys by 1,250.0% in the 3rd quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Synopsys in the 3rd quarter valued at about $27,000. SOA Wealth Advisors LLC. purchased a new position in shares of Synopsys in the 3rd quarter valued at about $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Synopsys during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
SNPS stock opened at $489.02 on Friday. The business has a 50 day moving average price of $430.07 and a 200 day moving average price of $445.70. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $93.68 billion, a price-to-earnings ratio of 75.93, a PEG ratio of 3.99 and a beta of 1.25. Synopsys, Inc. has a fifty-two week low of $376.18 and a fifty-two week high of $651.73.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on SNPS shares. Wells Fargo & Company cut their target price on shares of Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group set a $600.00 price target on shares of Synopsys and gave the stock a “buy” rating in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Finally, HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Synopsys has an average rating of “Hold” and an average target price of $531.00.
View Our Latest Stock Report on Synopsys
Synopsys Company 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.
Further Reading
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