Clear Street Group Inc. bought a new position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,803 shares of the semiconductor company’s stock, valued at approximately $5,074,000.
Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Synopsys in the 4th quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Synopsys in the 4th quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Synopsys during the 4th quarter worth about $32,000. Oakworth Capital Inc. boosted its stake in shares of Synopsys by 3,700.0% during the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Synopsys during the 3rd quarter worth about $38,000. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Price Performance
Shares of NASDAQ:SNPS opened at $453.89 on Friday. The business has a 50 day moving average price of $473.57 and a 200 day moving average price of $460.43. Synopsys, Inc. has a twelve month low of $376.18 and a twelve month high of $651.73. The company has a market cap of $86.91 billion, a price-to-earnings ratio of 105.07, a PEG ratio of 2.67 and a beta of 1.22. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on SNPS. Wells Fargo & Company upped their price target on Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Piper Sandler upped their price target on Synopsys from $430.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Synopsys in a research note on Thursday, May 28th. Stifel Nicolaus upped their price target on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Synopsys in a research note on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $563.81.
Read Our Latest Stock Analysis 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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