North Star Asset Management Inc. increased its position in Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,455 shares of the semiconductor company’s stock after buying an additional 1,343 shares during the period. Synopsys comprises 1.3% of North Star Asset Management Inc.’s portfolio, making the stock its 23rd largest holding. North Star Asset Management Inc.’s holdings in Synopsys were worth $31,215,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Synopsys in the fourth quarter valued at approximately $28,000. Oakworth Capital Inc. grew its holdings in Synopsys by 3,700.0% in the fourth 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 period. KERR FINANCIAL PLANNING Corp purchased a new stake in Synopsys in the third quarter valued at approximately $38,000. N.E.W. Advisory Services LLC grew its holdings in Synopsys by 128.6% in the fourth 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 period. Finally, WealthCollab LLC grew its holdings in Synopsys by 110.8% in the third quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Synopsys Price Performance
SNPS opened at $524.74 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The company has a 50 day moving average of $451.00 and a two-hundred day moving average of $451.09. The company has a market cap of $100.52 billion, a P/E ratio of 81.48, a P/E/G ratio of 4.29 and a beta of 1.25.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group set a $600.00 target price on shares of Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Citigroup boosted their target price on shares of Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Needham & Company LLC restated a “buy” rating on shares of Synopsys in a report on Thursday, February 26th. Wells Fargo & Company boosted their target price on shares of Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. Finally, Piper Sandler lowered their target price on shares of Synopsys from $520.00 to $430.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $536.00.
View Our Latest Stock Report on Synopsys
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.
Read More
- Five stocks we like better than Synopsys
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Want to see what other hedge funds are holding SNPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synopsys, Inc. (NASDAQ:SNPS – Free Report).
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.
