TD Private Client Wealth LLC reduced its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 69.3% in the third quarter, HoldingsChannel.com reports. The fund owned 455 shares of the semiconductor company’s stock after selling 1,027 shares during the quarter. TD Private Client Wealth LLC’s holdings in Synopsys were worth $224,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Alpine Bank Wealth Management boosted its position in shares of Synopsys by 89.3% during the 3rd 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 in the last quarter. TFC Financial Management Inc. lifted its stake in Synopsys by 1,250.0% in the third quarter. TFC Financial Management Inc. now owns 54 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 50 shares during the period. Independence Bank of Kentucky lifted its stake in Synopsys by 120.0% in the second quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares during the period. SOA Wealth Advisors LLC. bought a new position in shares of Synopsys during the 3rd quarter worth approximately $28,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Synopsys during the 3rd quarter worth approximately $29,000. 85.47% of the stock is owned by institutional investors.
Synopsys Price Performance
SNPS stock opened at $516.31 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.52 and a current ratio of 1.62. The business has a 50-day simple moving average of $455.35 and a two-hundred day simple moving average of $504.95. The company has a market capitalization of $98.78 billion, a P/E ratio of 64.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.12. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $651.73.
Analyst Ratings Changes
SNPS has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th. Piper Sandler lowered shares of Synopsys from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $602.00 to $520.00 in a report on Tuesday. KeyCorp increased their price objective on shares of Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Bank of America raised Synopsys from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $525.00 to $500.00 in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. raised their price objective on Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Synopsys currently has an average rating of “Hold” and an average price target of $553.57.
Check Out Our Latest Stock Analysis on Synopsys
Insider Buying and Selling at Synopsys
In related news, CFO Shelagh Glaser sold 3,657 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the transaction, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at $8,221,058.34. This trade represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Janet Lee sold 250 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $530.00, for a total transaction of $132,500.00. Following the completion of the sale, the insider directly owned 11,959 shares of the company’s stock, valued at $6,338,270. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,157 shares of company stock worth $1,945,036. Company insiders own 0.62% of the company’s stock.
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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