Clearbridge Investments LLC lessened its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,203,804 shares of the semiconductor company’s stock after selling 154,614 shares during the quarter. Clearbridge Investments LLC’s holdings in Synopsys were worth $565,451,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Sowell Financial Services LLC boosted its holdings in shares of Synopsys by 2.0% in the 4th quarter. Sowell Financial Services LLC now owns 1,056 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 21 shares during the last quarter. Natural Investments LLC lifted its holdings in shares of Synopsys by 4.6% during the 4th quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 21 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Synopsys by 7.0% during the 4th quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 22 shares in the last quarter. Foronjy Financial LLC lifted its holdings in shares of Synopsys by 5.2% during the 4th quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 22 shares in the last quarter. Finally, Barden Capital Management Inc. lifted its holdings in shares of Synopsys by 1.2% during the 4th quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Price Performance
SNPS opened at $464.85 on Friday. The company has a 50-day moving average of $466.55 and a 200-day moving average of $457.80. The company has a market capitalization of $89.01 billion, a P/E ratio of 107.60, a PEG ratio of 2.83 and a beta of 1.22. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.
Analyst Ratings Changes
SNPS has been the topic of several recent research reports. Rosenblatt Securities lifted their target price on shares of Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Stifel Nicolaus lifted their target price on shares of Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Robert W. Baird set a $558.00 target price on shares of Synopsys in a report on Thursday, May 28th. Piper Sandler lifted their target price on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $563.81.
View Our Latest Research Report 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.
See Also
- 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.
