HB Wealth Management LLC raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 132.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,888 shares of the semiconductor company’s stock after buying an additional 4,495 shares during the period. HB Wealth Management LLC’s holdings in Synopsys were worth $3,892,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management grew its stake in Synopsys by 89.3% in the third quarter. Alpine Bank Wealth Management now owns 53 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Synopsys by 120.0% during the 2nd quarter. Independence Bank of Kentucky now owns 55 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of Synopsys in the 3rd quarter valued at approximately $28,000. McIlrath & Eck LLC bought a new position in Synopsys during the third quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC raised its position in Synopsys by 481.8% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 53 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Synopsys Price Performance
Shares of NASDAQ:SNPS opened at $525.18 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The business has a 50 day moving average price of $445.06 and a 200 day moving average price of $504.39. The company has a market cap of $100.48 billion, a price-to-earnings ratio of 65.73, a PEG ratio of 4.28 and a beta of 1.12.
Insider Activity at Synopsys
In other news, CFO Shelagh Glaser sold 3,657 shares of Synopsys stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $460.77, for a total value of $1,685,035.89. Following the completion of the transaction, the chief financial officer owned 17,842 shares in the company, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Janet Lee sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $510.00, for a total value of $127,500.00. Following the completion of the transaction, the insider directly owned 12,209 shares in the company, valued at $6,226,590. The trade was a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Rosenblatt Securities upgraded shares of Synopsys from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $605.00 to $560.00 in a research note on Tuesday, December 9th. Wall Street Zen raised shares of Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Citigroup started coverage on Synopsys in a research report on Monday, November 24th. They issued a “buy” rating and a $580.00 price target for the company. Zacks Research upgraded Synopsys from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, KeyCorp raised their price objective on Synopsys from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $562.13.
Read Our Latest Stock Analysis 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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