Schwartz Investment Counsel Inc. lessened its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 63.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,892 shares of the semiconductor company’s stock after selling 23,793 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Synopsys were worth $6,525,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in shares of Synopsys in the third quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Synopsys during the fourth quarter worth approximately $28,000. Oakworth Capital Inc. boosted its stake in Synopsys by 3,700.0% during the fourth quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after buying an additional 74 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Synopsys in the 3rd quarter valued at $38,000. Finally, N.E.W. Advisory Services LLC grew its holdings in Synopsys by 128.6% in the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 45 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Price Performance
Synopsys stock opened at $513.21 on Wednesday. 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 has a market capitalization of $98.31 billion, a price-to-earnings ratio of 79.69, a price-to-earnings-growth ratio of 4.22 and a beta of 1.25. The company’s 50 day simple moving average is $439.42 and its 200-day simple moving average is $448.30. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.
Analyst Ratings Changes
Several research analysts have recently commented on the company. The Goldman Sachs Group set a $600.00 price target on Synopsys and gave the stock a “buy” rating in a report on Wednesday, February 25th. Rosenblatt Securities cut their price objective on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC reiterated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Morgan Stanley reissued an “equal weight” rating and issued a $480.00 price target (down from $550.00) on shares of Synopsys in a research note on Wednesday, February 25th. Finally, Piper Sandler cut their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Eight equities research 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 MarketBeat, Synopsys has an average rating of “Hold” and an average price target of $531.00.
View 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.
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