Intermede Investment Partners Ltd lowered its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,105 shares of the semiconductor company’s stock after selling 4,785 shares during the quarter. Synopsys accounts for about 1.9% of Intermede Investment Partners Ltd’s portfolio, making the stock its 26th largest position. Intermede Investment Partners Ltd owned about 0.05% of Synopsys worth $45,142,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Synopsys during the fourth quarter worth approximately $28,000. Oakworth Capital Inc. lifted its stake in shares of 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 purchasing an additional 74 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Synopsys in the 3rd quarter valued at approximately $38,000. WealthCollab LLC boosted its holdings in shares of Synopsys by 110.8% in the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 41 shares during the period. Finally, N.E.W. Advisory Services LLC increased its position in shares of Synopsys by 128.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 45 shares during the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
Synopsys Price Performance
NASDAQ:SNPS opened at $524.74 on Monday. The company has a market cap of $100.52 billion, a price-to-earnings ratio of 81.48, a price-to-earnings-growth ratio of 4.29 and a beta of 1.25. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $451.00 and a 200-day simple moving average of $451.13.
Analyst Ratings Changes
A number of analysts recently issued reports on SNPS shares. 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. Wells Fargo & Company increased their target price on shares of Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Rosenblatt Securities dropped their price target on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Citigroup increased their price objective on shares of Synopsys from $580.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. 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 company’s stock. Based on data from MarketBeat.com, Synopsys currently has a consensus rating of “Hold” and a consensus price target of $536.00.
Read Our Latest 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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