Howland Capital Management LLC reduced its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,874 shares of the semiconductor company’s stock after selling 19,696 shares during the quarter. Howland Capital Management LLC’s holdings in Synopsys were worth $6,987,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Empirical Asset Management LLC bought a new stake in shares of Synopsys during the 3rd quarter valued at about $773,000. China Universal Asset Management Co. Ltd. grew its stake in shares of Synopsys by 31.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 14,810 shares of the semiconductor company’s stock valued at $6,957,000 after acquiring an additional 3,575 shares during the period. SeaTown Holdings Pte. Ltd. grew its stake in shares of Synopsys by 55.9% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 22,300 shares of the semiconductor company’s stock valued at $10,475,000 after acquiring an additional 8,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Synopsys by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after acquiring an additional 3,120,401 shares during the period. Finally, Norges Bank bought a new position in shares of Synopsys during the 4th quarter valued at approximately $730,197,000. 85.47% of the stock is currently owned by institutional investors.
Synopsys Price Performance
Shares of SNPS stock opened at $453.89 on Friday. Synopsys, Inc. has a 1-year low of $376.18 and a 1-year high of $651.73. The stock’s 50-day moving average is $473.57 and its 200 day moving average is $460.43. The company has a market cap of $86.91 billion, a P/E ratio of 105.07, a PEG ratio of 2.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.43 and a quick ratio of 1.32.
Wall Street Analysts Forecast Growth
SNPS has been the subject of a number of recent research reports. Bank of America boosted their price objective on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Morgan Stanley boosted their price objective on Synopsys from $480.00 to $525.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $580.00 price objective on shares of Synopsys in a research note on Thursday, May 28th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a report on Friday, February 20th. Finally, Stifel Nicolaus lifted their target price on Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Synopsys currently has an average rating of “Hold” and an average target price of $563.81.
View Our Latest Stock Report 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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