KADENSA CAPITAL Ltd reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 36.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,312 shares of the semiconductor company’s stock after selling 11,126 shares during the quarter. KADENSA CAPITAL Ltd’s holdings in Synopsys were worth $9,528,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in SNPS. Lionshead Wealth Management LLC grew its holdings in Synopsys by 1.9% in the 2nd quarter. Lionshead Wealth Management LLC now owns 914 shares of the semiconductor company’s stock worth $469,000 after acquiring an additional 17 shares during the last quarter. YANKCOM Partnership raised its stake in shares of Synopsys by 3.3% during the second quarter. YANKCOM Partnership now owns 537 shares of the semiconductor company’s stock valued at $275,000 after acquiring an additional 17 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Synopsys by 5.3% during the second quarter. Manchester Capital Management LLC now owns 340 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 17 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Synopsys by 2.3% during the second quarter. Advisors Capital Management LLC now owns 862 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 19 shares during the period. Finally, Rothschild Investment LLC grew its stake in shares of Synopsys by 15.9% in the second quarter. Rothschild Investment LLC now owns 153 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Price Performance
SNPS stock opened at $412.63 on Monday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The company has a market cap of $79.04 billion, a P/E ratio of 64.07, a PEG ratio of 3.36 and a beta of 1.15. The firm has a 50-day moving average of $461.93 and a 200 day moving average of $462.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26.
Analyst Ratings Changes
A number of research firms have commented on SNPS. Piper Sandler lowered their price target on Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Rosenblatt Securities cut their price objective on Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Synopsys in a research note on Thursday, January 22nd. The Goldman Sachs Group set a $600.00 target price on Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, KeyCorp raised their price target on Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $531.00.
Check Out Our Latest Stock Report on Synopsys
Insider Buying and Selling
In other Synopsys news, CFO Shelagh Glaser sold 3,657 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $460.77, for a total value of $1,685,035.89. Following the completion of the transaction, the chief financial officer owned 17,842 shares in the company, valued at approximately $8,221,058.34. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Janet Lee sold 250 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $530.00, for a total value of $132,500.00. Following the completion of the transaction, the insider owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,157 shares of company stock valued at $1,945,036. 0.56% of the stock is currently owned by company insiders.
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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