Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 27.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,590 shares of the semiconductor company’s stock after selling 11,127 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Synopsys were worth $13,899,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SNPS. Brighton Jones LLC raised its stake in shares of Synopsys by 5.7% in the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 50 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Synopsys by 11.6% in the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 79 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Synopsys by 15.1% in the first quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock worth $1,291,000 after purchasing an additional 395 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Synopsys by 9.2% in the second quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 64 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Synopsys by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock worth $36,962,000 after purchasing an additional 1,505 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Stock Down 6.0%
Shares of SNPS stock opened at $464.85 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 company has a 50 day simple moving average of $466.55 and a two-hundred day simple moving average of $457.80. The stock has a market cap of $89.01 billion, a P/E ratio of 107.60, a P/E/G ratio of 2.83 and a beta of 1.22. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Synopsys from $430.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a report on Friday, February 20th. Robert W. Baird set a $558.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Needham & Company LLC reissued a “buy” rating and set a $580.00 price objective on shares of Synopsys in a report on Thursday, May 28th. Finally, The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the company a “buy” rating in a research report on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Synopsys has an average rating of “Hold” and an average target price of $563.81.
Read Our Latest Research Report on Synopsys
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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