UNIVEST FINANCIAL Corp lowered its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 23.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,725 shares of the semiconductor company’s stock after selling 4,586 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Synopsys were worth $6,917,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. Plato Investment Management Ltd boosted its position in shares of Synopsys by 576.3% in the fourth quarter. Plato Investment Management Ltd now owns 629 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 536 shares during the period. LRI Investments LLC increased its position in Synopsys by 16.8% during the fourth quarter. LRI Investments LLC now owns 432 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 62 shares during the period. NewEdge Wealth LLC raised its stake in Synopsys by 4.6% during the 4th quarter. NewEdge Wealth LLC now owns 8,799 shares of the semiconductor company’s stock valued at $4,133,000 after purchasing an additional 388 shares during the last quarter. Stiles Financial Services Inc raised its stake in Synopsys by 13.3% during the 4th quarter. Stiles Financial Services Inc now owns 6,210 shares of the semiconductor company’s stock valued at $2,917,000 after purchasing an additional 730 shares during the last quarter. Finally, RD Finance Ltd bought a new stake in Synopsys in the 4th quarter valued at $986,000. 85.47% of the stock is owned by institutional investors.
Synopsys Price Performance
Shares of Synopsys stock opened at $516.48 on Friday. The stock has a market capitalization of $98.94 billion, a price-to-earnings ratio of 80.20, a P/E/G ratio of 4.22 and a beta of 1.25. The firm’s 50-day moving average price is $434.28 and its two-hundred day moving average price is $447.04. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $480.00 target price (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. HSBC downgraded Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research report on Friday, February 20th. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company cut their price target on Synopsys from $500.00 to $450.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Synopsys currently has a consensus rating of “Hold” and an average target price of $531.00.
Read Our Latest Analysis on Synopsys
Synopsys Company 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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