Commerzbank Aktiengesellschaft FI decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 66.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,315 shares of the semiconductor company’s stock after selling 6,665 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Synopsys were worth $1,557,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Synopsys by 0.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,936 shares of the semiconductor company’s stock valued at $2,788,000 after buying an additional 38 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Synopsys by 357.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 53,568 shares of the semiconductor company’s stock valued at $25,162,000 after buying an additional 41,851 shares during the last quarter. Phoenix Financial Ltd. boosted its position in shares of Synopsys by 16.4% during the fourth quarter. Phoenix Financial Ltd. now owns 1,432 shares of the semiconductor company’s stock valued at $673,000 after buying an additional 202 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Synopsys by 134.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 34,367 shares of the semiconductor company’s stock valued at $16,146,000 after buying an additional 19,678 shares during the last quarter. Finally, Conning Inc. boosted its position in shares of Synopsys by 12.6% during the fourth quarter. Conning Inc. now owns 992 shares of the semiconductor company’s stock valued at $466,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Stock Performance
NASDAQ:SNPS opened at $502.42 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.36. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The firm has a market cap of $96.24 billion, a price-to-earnings ratio of 78.02, a PEG ratio of 4.10 and a beta of 1.25. The business’s fifty day moving average is $444.25 and its 200 day moving average is $449.37.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a research report on Thursday, January 22nd. Wells Fargo & Company lifted their target price on Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a research report on Thursday. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research report on Friday, February 20th. Piper Sandler cut their target price on Synopsys from $520.00 to $430.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $536.00.
Read Our Latest Research 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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