Profund Advisors LLC boosted its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS – Free Report) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,645 shares of the semiconductor company’s stock after acquiring an additional 2,505 shares during the quarter. Profund Advisors LLC’s holdings in Synopsys were worth $8,212,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SNPS. Lionshead Wealth Management LLC increased its holdings in Synopsys by 1.9% in the second quarter. Lionshead Wealth Management LLC now owns 914 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 17 shares during the period. YANKCOM Partnership grew its position in shares of Synopsys by 3.3% in the 2nd quarter. YANKCOM Partnership now owns 537 shares of the semiconductor company’s stock valued at $275,000 after buying an additional 17 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Synopsys by 5.3% in the second quarter. Manchester Capital Management LLC now owns 340 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 17 shares during the period. Concord Asset Management LLC VA raised its position in shares of Synopsys by 0.8% during the second quarter. Concord Asset Management LLC VA now owns 2,379 shares of the semiconductor company’s stock worth $1,220,000 after acquiring an additional 18 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its position in shares of Synopsys by 1.4% during the second quarter. Rehmann Capital Advisory Group now owns 1,345 shares of the semiconductor company’s stock worth $690,000 after acquiring an additional 18 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.
Synopsys Trading Up 4.0%
SNPS opened at $426.88 on Monday. The company has a fifty day moving average price of $479.33 and a two-hundred day moving average price of $495.06. Synopsys, Inc. has a 1-year low of $365.74 and a 1-year high of $651.73. The company has a market cap of $81.67 billion, a P/E ratio of 53.43, a price-to-earnings-growth ratio of 3.56 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.52 and a debt-to-equity ratio of 0.48.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of Synopsys from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Citigroup started coverage on shares of Synopsys in a research note on Monday, November 24th. They set a “buy” rating and a $580.00 target price for the company. Rosenblatt Securities raised shares of Synopsys from a “neutral” rating to a “buy” rating and cut their price target for the company from $605.00 to $560.00 in a research report on Tuesday, December 9th. Finally, KeyCorp lifted their price objective on Synopsys from $575.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Synopsys has an average rating of “Moderate Buy” and a consensus price target of $553.57.
View Our Latest Research Report on Synopsys
Insiders Place Their Bets
In other Synopsys news, insider Janet Lee sold 250 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the transaction, the insider directly owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shelagh Glaser sold 3,657 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $460.77, for a total transaction of $1,685,035.89. Following the sale, the chief financial officer directly owned 17,842 shares of the company’s stock, valued at approximately $8,221,058.34. The trade was a 17.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,157 shares of company stock worth $1,945,036. 0.62% of the stock is owned by company insiders.
About Synopsys
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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