Capital International Sarl decreased its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,420 shares of the semiconductor company’s stock after selling 8,704 shares during the period. Capital International Sarl’s holdings in Synopsys were worth $40,593,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new position in shares of Synopsys in the third quarter valued at approximately $773,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of Synopsys by 31.8% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock valued at $6,957,000 after purchasing an additional 3,575 shares during the period. SeaTown Holdings Pte. Ltd. increased its holdings in shares of Synopsys by 55.9% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after purchasing an additional 8,000 shares during the period. Vanguard Group Inc. increased its holdings in shares of Synopsys by 20.7% in the third quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after purchasing an additional 3,120,401 shares during the period. Finally, Douglas Lane & Associates LLC increased its holdings in shares of Synopsys by 5,701.2% in the fourth quarter. Douglas Lane & Associates LLC now owns 48,730 shares of the semiconductor company’s stock valued at $22,889,000 after purchasing an additional 47,890 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Trading Down 6.0%
Shares of SNPS stock opened at $464.85 on Friday. The business’s fifty day moving average price is $466.55 and its 200 day moving average price is $457.80. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The firm has a market capitalization of $89.01 billion, a PE ratio of 107.60, a P/E/G ratio of 2.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32.
Analyst Upgrades and Downgrades
SNPS has been the topic of a number of recent research reports. Berenberg Bank set a $633.00 target price on Synopsys in a report on Wednesday, May 27th. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Friday, February 20th. The Goldman Sachs Group set a $600.00 target price on Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Wells Fargo & Company upped their price objective on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $580.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $563.81.
Get Our Latest Report on Synopsys
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.
Read More
- Five stocks we like better than Synopsys
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
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.
