Hills Bank & Trust Co lowered its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 71.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 546 shares of the semiconductor company’s stock after selling 1,394 shares during the period. Hills Bank & Trust Co’s holdings in Synopsys were worth $256,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. AlphaCore Capital LLC boosted its stake in Synopsys by 10.2% during the 4th quarter. AlphaCore Capital LLC now owns 7,174 shares of the semiconductor company’s stock worth $3,370,000 after purchasing an additional 665 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Synopsys by 0.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 5,936 shares of the semiconductor company’s stock worth $2,788,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Synopsys by 357.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 53,568 shares of the semiconductor company’s stock worth $25,162,000 after acquiring an additional 41,851 shares during the period. Phoenix Financial Ltd. lifted its stake in shares of Synopsys by 16.4% in the 4th quarter. Phoenix Financial Ltd. now owns 1,432 shares of the semiconductor company’s stock worth $673,000 after acquiring an additional 202 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Synopsys by 134.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 34,367 shares of the semiconductor company’s stock worth $16,146,000 after acquiring an additional 19,678 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Stock Performance
Shares of SNPS opened at $502.42 on Friday. The company has a 50-day simple moving average of $444.25 and a 200-day simple moving average of $449.37. 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 company has a market capitalization of $96.24 billion, a PE ratio of 78.02, a P/E/G ratio of 4.10 and a beta of 1.25. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73.
Analysts Set New Price Targets
SNPS has been the subject of several recent analyst reports. The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Piper Sandler reduced their target price on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company raised their target price on shares of Synopsys from $450.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Citigroup raised their target price on shares of Synopsys from $580.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Synopsys presently has an average rating of “Hold” and an average price target of $536.00.
Check Out Our Latest Analysis on SNPS
About Synopsys
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.
Recommended Stories
- Five stocks we like better than Synopsys
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
