AG2R LA Mondiale Gestion D Actifs lifted its position in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 29.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,537 shares of the semiconductor company’s stock after acquiring an additional 1,697 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Synopsys were worth $3,540,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Nicholas Company Inc. grew its stake in Synopsys by 6.8% during the 4th quarter. Nicholas Company Inc. now owns 135,317 shares of the semiconductor company’s stock worth $63,561,000 after buying an additional 8,615 shares during the last quarter. C WorldWide Group Holding A S grew its stake in shares of Synopsys by 10.5% in the fourth quarter. C WorldWide Group Holding A S now owns 37,419 shares of the semiconductor company’s stock worth $17,576,000 after purchasing an additional 3,555 shares in the last quarter. ABN AMRO Bank N.V. grew its stake in shares of Synopsys by 3.1% in the fourth quarter. ABN AMRO Bank N.V. now owns 29,957 shares of the semiconductor company’s stock worth $14,085,000 after purchasing an additional 888 shares in the last quarter. Income Insurance Ltd bought a new position in Synopsys during the fourth quarter valued at about $259,000. Finally, Nwam LLC boosted its stake in Synopsys by 30.5% during the fourth quarter. Nwam LLC now owns 865 shares of the semiconductor company’s stock valued at $435,000 after buying an additional 202 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Price Performance
Shares of SNPS stock opened at $516.19 on Tuesday. The stock has a 50 day moving average of $437.43 and a two-hundred day moving average of $447.89. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. Synopsys, Inc. has a 12 month low of $376.18 and a 12 month high of $651.73. The company has a market capitalization of $98.88 billion, a P/E ratio of 80.15, a P/E/G ratio of 4.22 and a beta of 1.25.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SNPS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Synopsys in a research note on Thursday, January 22nd. Needham & Company LLC reissued a “buy” rating on shares of Synopsys in a research note on Thursday, February 26th. Rosenblatt Securities dropped their target price on Synopsys from $560.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. HSBC lowered 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. Finally, The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the company a “buy” rating in a report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Synopsys presently has a consensus rating of “Hold” and an average price target of $531.00.
Read Our Latest Stock Analysis on SNPS
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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