Harvest Fund Management Co. Ltd boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 53.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,162 shares of the semiconductor company’s stock after acquiring an additional 14,012 shares during the quarter. Synopsys accounts for approximately 0.7% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 24th biggest holding. Harvest Fund Management Co. Ltd’s holdings in Synopsys were worth $18,863,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Synopsys in the 4th quarter valued at about $28,000. Oakworth Capital Inc. lifted its position in Synopsys by 3,700.0% in the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 74 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Synopsys in the 3rd quarter valued at about $38,000. WealthCollab LLC lifted its position in Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 41 shares in the last quarter. Finally, N.E.W. Advisory Services LLC lifted its position 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 acquiring an additional 45 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Down 0.7%
NASDAQ:SNPS opened at $494.48 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.32 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $94.68 billion, a PE ratio of 114.46, a price-to-earnings-growth ratio of 3.03 and a beta of 1.22. The firm’s 50 day moving average is $465.46 and its 200 day moving average is $457.75. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73.
Analysts Set New Price Targets
SNPS has been the topic of several recent research reports. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Friday, February 20th. BNP Paribas Exane lifted their target price on shares of Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Berenberg Bank set a $633.00 target price on shares of Synopsys in a research report on Wednesday, May 27th. Robert W. Baird set a $558.00 target price on shares of Synopsys in a research report on Thursday, May 28th. Finally, Stifel Nicolaus lifted their target price on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $563.81.
View Our Latest Stock Analysis 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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