Settian Capital LP boosted its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 66.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the semiconductor company’s stock after acquiring an additional 6,000 shares during the quarter. Synopsys accounts for approximately 4.7% of Settian Capital LP’s investment portfolio, making the stock its 9th biggest holding. Settian Capital LP’s holdings in Synopsys were worth $7,046,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Synopsys during the third quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Synopsys in the fourth quarter valued at $28,000. Oakworth Capital Inc. increased its holdings in shares of Synopsys by 3,700.0% in the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Synopsys in the third quarter valued at $38,000. Finally, WealthCollab LLC increased its holdings in shares of Synopsys by 110.8% in the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 41 shares during the last quarter. 85.47% of the stock is owned by institutional investors.
Synopsys Trading Down 0.1%
SNPS stock opened at $516.19 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. The company’s 50-day simple moving average is $437.43 and its 200 day simple moving average is $447.89. Synopsys, Inc. has a 52 week low of $376.18 and a 52 week high of $651.73. The company has a market capitalization of $98.88 billion, a PE ratio of 80.15, a price-to-earnings-growth ratio of 4.22 and a beta of 1.25.
Wall Street Analyst Weigh In
Several equities analysts have commented on SNPS shares. HSBC downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a report on Friday, February 20th. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Wells Fargo & Company decreased their price objective on shares of Synopsys from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $480.00 price objective (down from $550.00) on shares of Synopsys in a report on Wednesday, February 25th. Finally, Piper Sandler decreased their price objective on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $531.00.
Check Out Our Latest 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.
Read More
- Five stocks we like better than Synopsys
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
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.
