Ovata Capital Management Ltd purchased a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,600 shares of the semiconductor company’s stock, valued at approximately $1,221,000.
Several other institutional investors also recently modified their holdings of the business. Sowell Financial Services LLC increased its stake 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 worth $496,000 after acquiring an additional 21 shares in the last quarter. Natural Investments LLC increased its stake in shares of Synopsys by 4.6% in the 4th quarter. Natural Investments LLC now owns 482 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 21 shares in the last quarter. Financial Management Professionals Inc. increased its stake in shares of Synopsys by 7.0% in the 4th quarter. Financial Management Professionals Inc. now owns 335 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 22 shares in the last quarter. Foronjy Financial LLC increased its stake in shares of Synopsys by 5.2% in the 4th quarter. Foronjy Financial LLC now owns 446 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 22 shares in the last quarter. Finally, Barden Capital Management Inc. increased its stake in shares of Synopsys by 1.2% in the 4th quarter. Barden Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock worth $877,000 after acquiring an additional 23 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.
Synopsys Stock Performance
Shares of NASDAQ SNPS opened at $494.48 on Friday. The firm’s 50-day moving average price is $465.46 and its 200-day moving average price is $457.75. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. The company has a market cap of $94.68 billion, a PE ratio of 114.46, a PEG ratio of 3.03 and a beta of 1.22. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SNPS. Berenberg Bank set a $633.00 price target on shares of Synopsys in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $580.00 price target on shares of Synopsys in a research note on Thursday, May 28th. Rosenblatt Securities increased their price target on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Stifel Nicolaus increased their price objective on shares of Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley increased their price objective on shares of Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Nine equities 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.com, Synopsys presently has a consensus rating of “Hold” and a consensus target price of $563.81.
Read Our Latest Stock Report 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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