111 Capital bought a new position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,386 shares of the semiconductor company’s stock, valued at approximately $1,590,000.
Several other hedge funds and other institutional investors have also modified their holdings of SNPS. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Synopsys during the 4th quarter worth approximately $28,000. Oakworth Capital Inc. lifted its position in shares of Synopsys by 3,700.0% during the 4th quarter. Oakworth Capital Inc. now owns 76 shares of the semiconductor company’s stock worth $36,000 after buying an additional 74 shares during the period. WealthCollab LLC lifted its position in shares of Synopsys by 110.8% during the 3rd quarter. WealthCollab LLC now owns 78 shares of the semiconductor company’s stock worth $38,000 after buying an additional 41 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Synopsys during the 3rd quarter worth approximately $38,000. Finally, N.E.W. Advisory Services LLC lifted its position in shares of Synopsys by 128.6% during the 4th quarter. N.E.W. Advisory Services LLC now owns 80 shares of the semiconductor company’s stock worth $38,000 after buying an additional 45 shares during the period. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Down 6.0%
Shares of SNPS opened at $464.85 on Friday. The stock has a fifty day moving average price of $466.55 and a two-hundred day moving average price of $457.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.32 and a current ratio of 1.43. Synopsys, Inc. has a 52-week low of $376.18 and a 52-week high of $651.73. The company has a market cap of $89.01 billion, a price-to-earnings ratio of 107.60, a PEG ratio of 3.01 and a beta of 1.22.
Wall Street Analysts Forecast Growth
SNPS has been the subject of several analyst reports. KeyCorp restated an “overweight” rating on shares of Synopsys in a research report on Thursday, May 28th. Robert W. Baird set a $558.00 target price on Synopsys in a research report on Thursday, May 28th. Rosenblatt Securities raised their target price on Synopsys from $530.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. BNP Paribas Exane raised their target price on Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. Finally, Bank of America lifted their price objective on Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Synopsys currently has an average rating of “Hold” and an average 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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