Wisconsin Capital Management LLC reduced its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 53.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,106 shares of the semiconductor company’s stock after selling 2,410 shares during the quarter. Wisconsin Capital Management LLC’s holdings in Synopsys were worth $989,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SNPS. Brighton Jones LLC raised its position in Synopsys by 5.7% during the fourth quarter. Brighton Jones LLC now owns 921 shares of the semiconductor company’s stock valued at $447,000 after acquiring an additional 50 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Synopsys by 11.6% during the first quarter. Integrated Wealth Concepts LLC now owns 760 shares of the semiconductor company’s stock valued at $326,000 after acquiring an additional 79 shares in the last quarter. NewEdge Advisors LLC raised its position in Synopsys by 15.1% during the first quarter. NewEdge Advisors LLC now owns 3,010 shares of the semiconductor company’s stock valued at $1,291,000 after acquiring an additional 395 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Synopsys by 9.2% in the second quarter. WINTON GROUP Ltd now owns 758 shares of the semiconductor company’s stock valued at $389,000 after buying an additional 64 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Synopsys by 2.1% in the second quarter. Treasurer of the State of North Carolina now owns 72,095 shares of the semiconductor company’s stock valued at $36,962,000 after buying an additional 1,505 shares in the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Synopsys Stock Performance
Shares of NASDAQ:SNPS opened at $502.42 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.36 and a quick ratio of 1.26. The business’s 50 day moving average price is $444.25 and its 200-day moving average price is $449.26. The firm has a market capitalization of $96.24 billion, a PE ratio of 78.02, a P/E/G ratio of 4.10 and a beta of 1.25. Synopsys, Inc. has a 1 year low of $376.18 and a 1 year high of $651.73.
Analysts Set New Price Targets
A number of analysts have recently commented on SNPS shares. Wells Fargo & Company boosted their price objective on Synopsys from $450.00 to $505.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group set a $600.00 price objective on Synopsys and gave the company a “buy” rating in a research report on Wednesday, February 25th. HSBC cut Synopsys from a “buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Friday, February 20th. Citigroup boosted their price objective on Synopsys from $580.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $480.00 price objective (down from $550.00) on shares of Synopsys in a research report on Wednesday, February 25th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $536.00.
Read Our Latest Stock 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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