DNB Asset Management AS reduced its stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 44.8% during the fourth quarter, HoldingsChannel reports. The firm owned 71,167 shares of the semiconductor company’s stock after selling 57,714 shares during the quarter. DNB Asset Management AS’s holdings in Synopsys were worth $33,429,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Empirical Asset Management LLC bought a new position in Synopsys during the 3rd quarter worth approximately $773,000. Strategic Advisors LLC raised its holdings in Synopsys by 76.3% during the 3rd quarter. Strategic Advisors LLC now owns 7,578 shares of the semiconductor company’s stock worth $3,739,000 after purchasing an additional 3,279 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Synopsys by 31.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock worth $6,957,000 after purchasing an additional 3,575 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Synopsys by 57.7% during the 3rd quarter. Principal Financial Group Inc. now owns 412,766 shares of the semiconductor company’s stock worth $203,654,000 after purchasing an additional 150,973 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in Synopsys by 3,105.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 6,187 shares of the semiconductor company’s stock worth $3,057,000 after purchasing an additional 5,994 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
NASDAQ SNPS opened at $502.42 on Friday. The company has a fifty day simple moving average of $444.25 and a 200 day simple moving average of $449.37. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market cap of $96.24 billion, a P/E ratio of 78.02, a PEG ratio of 4.10 and a beta of 1.25.
Analysts Set New Price Targets
SNPS has been the subject of several analyst reports. Morgan Stanley restated an “equal weight” rating and set a $480.00 price target (down from $550.00) on shares of Synopsys in a report on Wednesday, February 25th. Rosenblatt Securities lowered their price objective on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. HSBC lowered shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research note on Friday, February 20th. The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company increased their target price on shares of Synopsys from $450.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Thursday. Eight investment 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, the company has a consensus rating of “Hold” and a consensus price target of $536.00.
Read Our Latest Stock Analysis on Synopsys
About Synopsys
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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