Franklin Resources Inc. decreased its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,719,769 shares of the semiconductor company’s stock after selling 824,403 shares during the quarter. Franklin Resources Inc. owned about 0.90% of Synopsys worth $807,810,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Synopsys by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after buying an additional 3,120,401 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after purchasing an additional 1,990,608 shares in the last quarter. Coatue Management LLC acquired a new stake in Synopsys during the 3rd quarter valued at $892,605,000. Capital Research Global Investors increased its stake in shares of Synopsys by 226.6% in the 3rd quarter. Capital Research Global Investors now owns 2,524,512 shares of the semiconductor company’s stock valued at $1,245,533,000 after buying an additional 1,751,432 shares during the period. Finally, Norges Bank acquired a new stake in shares of Synopsys in the 4th quarter valued at $730,197,000. Institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
Shares of NASDAQ:SNPS opened at $464.85 on Monday. The company has a market capitalization of $89.01 billion, a PE ratio of 107.60, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The company has a fifty day moving average of $466.55 and a 200-day moving average of $458.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43.
Wall Street Analysts Forecast Growth
SNPS has been the topic of several recent research reports. HSBC lowered 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. Needham & Company LLC restated a “buy” rating and issued a $580.00 price target on shares of Synopsys in a report on Thursday, May 28th. Robert W. Baird set a $558.00 target price on Synopsys in a report on Thursday, May 28th. Bank of America boosted their price target on Synopsys from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price target on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Synopsys has a consensus rating of “Hold” and an average target price of $563.81.
Get Our Latest Stock Report on SNPS
Synopsys Company 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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