PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,125 shares of the semiconductor company’s stock, valued at approximately $17,908,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. SlateStone Wealth LLC boosted its position in shares of Synopsys by 2.5% during the 4th quarter. SlateStone Wealth LLC now owns 10,654 shares of the semiconductor company’s stock worth $5,004,000 after acquiring an additional 261 shares in the last quarter. Ovata Capital Management Ltd purchased a new stake in shares of Synopsys in the 4th quarter valued at about $1,221,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Synopsys by 53.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 40,162 shares of the semiconductor company’s stock valued at $18,863,000 after purchasing an additional 14,012 shares during the last quarter. IvyRock Asset Management HK Ltd lifted its holdings in shares of Synopsys by 60.0% in the 4th quarter. IvyRock Asset Management HK Ltd now owns 800 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 300 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Synopsys by 5.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 80,268 shares of the semiconductor company’s stock valued at $37,703,000 after purchasing an additional 4,009 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Stock Performance
Shares of SNPS stock opened at $464.85 on Friday. The stock has a market capitalization of $89.01 billion, a PE ratio of 107.60, a price-to-earnings-growth ratio of 3.01 and a beta of 1.22. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The stock’s 50-day moving average price is $466.55 and its 200 day moving average price is $457.80. The company has a quick ratio of 1.32, a current ratio of 1.43 and a debt-to-equity ratio of 0.33.
Analyst Ratings Changes
SNPS has been the subject of several research reports. Rosenblatt Securities boosted their target price on Synopsys from $530.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wells Fargo & Company increased their price target on shares of Synopsys from $505.00 to $535.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. HSBC cut shares of Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research note on Friday, February 20th. The Goldman Sachs Group set a $600.00 price target on shares of Synopsys and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Morgan Stanley boosted their price target on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $563.81.
Check Out 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.
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