Wisconsin Capital Management LLC lowered its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 53.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,106 shares of the semiconductor company’s stock after selling 2,410 shares during the period. Wisconsin Capital Management LLC’s holdings in Synopsys were worth $989,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Dakota State Investment Board acquired a new position in Synopsys during the fourth quarter worth $2,973,000. Elyxium Wealth LLC acquired a new position in Synopsys during the fourth quarter worth $45,000. Abacus Wealth Partners LLC acquired a new position in Synopsys during the fourth quarter worth $377,000. Kinsale Capital Group Inc. boosted its stake in Synopsys by 5.1% during the fourth quarter. Kinsale Capital Group Inc. now owns 19,347 shares of the semiconductor company’s stock worth $9,088,000 after buying an additional 936 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in Synopsys by 7.6% during the fourth quarter. iA Global Asset Management Inc. now owns 23,504 shares of the semiconductor company’s stock worth $11,040,000 after buying an additional 1,667 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Price Performance
SNPS stock opened at $502.42 on Monday. 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 capitalization of $96.24 billion, a PE ratio of 78.02, a P/E/G ratio of 4.10 and a beta of 1.25. Synopsys, Inc. has a 12-month low of $376.18 and a 12-month high of $651.73. The business’s fifty day moving average price is $444.25 and its 200 day moving average price is $449.26.
Analysts Set New Price Targets
Several brokerages have recently commented on SNPS. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Citigroup upped their price target on Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday. HSBC lowered Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research note on Friday, February 20th. Piper Sandler decreased their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Finally, 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. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $536.00.
View Our Latest Report on SNPS
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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