Intellectus Partners LLC purchased a new stake in Synopsys, Inc. (NASDAQ:SNPS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,077 shares of the semiconductor company’s stock, valued at approximately $1,025,000.
A number of other hedge funds also recently made changes to their positions in SNPS. Vanguard Group Inc. grew its holdings in Synopsys by 20.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock worth $8,970,415,000 after buying an additional 3,120,401 shares in the last quarter. State Street Corp increased its position in Synopsys by 1.2% in the 2nd quarter. State Street Corp now owns 7,266,446 shares of the semiconductor company’s stock valued at $3,725,362,000 after acquiring an additional 85,662 shares during the period. Geode Capital Management LLC raised its stake in Synopsys by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock valued at $1,810,214,000 after acquiring an additional 51,043 shares in the last quarter. Victory Capital Management Inc. boosted its position in Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock worth $1,393,506,000 after acquiring an additional 1,990,608 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Synopsys by 29.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock worth $1,333,095,000 after acquiring an additional 585,494 shares during the period. Institutional investors own 85.47% of the company’s stock.
Synopsys Stock Down 1.1%
Shares of SNPS stock opened at $437.41 on Friday. Synopsys, Inc. has a 1 year low of $365.74 and a 1 year high of $651.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. The business’s fifty day moving average is $466.71 and its 200-day moving average is $470.69. The stock has a market cap of $83.79 billion, a PE ratio of 67.92, a price-to-earnings-growth ratio of 3.60 and a beta of 1.15.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. KeyCorp increased 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. Needham & Company LLC reaffirmed a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Rosenblatt Securities lowered their target price on shares of Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Piper Sandler dropped their price target on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Synopsys presently has an average rating of “Hold” and an average price target of $531.00.
Check Out Our Latest Stock Analysis on SNPS
Insider Activity
In other news, insider Janet Lee sold 250 shares of Synopsys stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the transaction, the insider owned 11,959 shares of the company’s stock, valued at $6,338,270. The trade was a 2.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Shelagh Glaser sold 3,657 shares of Synopsys stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the completion of the transaction, the chief financial officer directly owned 17,842 shares in the company, valued at $8,221,058.34. This represents a 17.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,157 shares of company stock worth $1,945,036. 0.56% of the stock is 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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