O Shaughnessy Asset Management LLC trimmed its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 15.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,812 shares of the semiconductor company’s stock after selling 3,639 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Synopsys were worth $9,306,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Krane Funds Advisors LLC boosted its stake in Synopsys by 313.3% in the fourth quarter. Krane Funds Advisors LLC now owns 5,654 shares of the semiconductor company’s stock valued at $2,656,000 after acquiring an additional 4,286 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in Synopsys in the fourth quarter valued at approximately $3,751,000. Havemeyer Place LP acquired a new stake in Synopsys in the fourth quarter valued at approximately $2,721,000. 111 Capital purchased a new position in shares of Synopsys in the fourth quarter worth $1,590,000. Finally, MCF Advisors LLC raised its holdings in shares of Synopsys by 17.8% in the fourth quarter. MCF Advisors LLC now owns 172 shares of the semiconductor company’s stock worth $81,000 after buying an additional 26 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Synopsys Trading Down 1.0%
Shares of Synopsys stock opened at $460.54 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32. The firm has a fifty day moving average price of $471.23 and a 200 day moving average price of $459.99. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73. The stock has a market cap of $88.18 billion, a PE ratio of 106.61, a price-to-earnings-growth ratio of 2.73 and a beta of 1.22.
Wall Street Analysts Forecast Growth
SNPS has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $580.00 price target on shares of Synopsys in a report on Thursday, May 28th. KeyCorp reaffirmed an “overweight” rating on shares of Synopsys in a report on Thursday, May 28th. Morgan Stanley raised their price target on shares of Synopsys from $480.00 to $525.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Rosenblatt Securities raised their price target on shares of Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus raised their price target on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Nine equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $563.81.
Get Our Latest Stock 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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